2019-2-6 22:50 |
One day you win, other day you lose. That’s the rule of the crypto market. Despite Bitcoin (BTC) never losing its lead, the crypto market is constantly seeing its top tokens changing position.
Ripple’s token (XRP) took Ethereum’s (ETH) place as the second top token in the market last year and now we have seen Binance Coin (BNB) charge into the top 10.
Changes are surely happening and some tokens are on the rise while other are down. Binance and Ripple are certainly the big winners while Ethereum and Bitcoin Cash and SV are the main losers.
The Victory of Binance Coin (BNB)The bear market has not been very nice to any token, but Binance has found a way to make the prices of its BNB token go up even when everything seems to be dragged down by the bear.
Binance Coin has seen a surge of 12% in the last 24 hours and it finally entered the top 10 cryptos in the market. The numbers were even higher some hours before when the token was at least 18% up. The numbers were mostly inspired by the launch of the Binance Launchpad and the whole strategy of the company to value its token, which is surely being very effective.
The Binance Launchpad is a platform for releasing and selling new tokens and it has been pretty successful so far, which has encouraged the investors into believing that Binance Coin has what it takes to keep a steady growth going on.
Ripple (XRP), the second largest token by market cap, is doing just fine. It has been down this year but it still has some of the strength that of 2018 when it took the 2nd place from Ethereum.
Besides these ones, Tron is actually going pretty well. The token is the 7th by market cap and it has seen some more modest growth in 2019, but a growth nevertheless.
The Biggest LosersEthereum is not doing well. The token is down by 3.5% today and it has taken a beating from the market recently. Despite the fact that Ripple is also not going up, there is not a great chance that we will see ETH rising to the 2nd place again so soon.
It cannot be denied that Cardano is one of the biggest losers this year. The currency already found itself in the 5th position last year and now it has been down to 12th with a market cap that does not even reach a billion USD, when it was over 10 billion USD in 2018 before the bear attacked.
Little is happening in terms of development for Cardano, so the prices being down at least 97% are a very unfortunate consequence of that.
Bitcoin SV is even worse. This token is going down for sure and, while it is 2% up in the last 24 hours, it has been decreasing in price constantly since it was born from the hard fork. This leads us to believe that Bitcoin SV might not have much of a future.
The Ranking So FarAt the time of this report, Bitcoin was still the king with a market cap of $59,1 billion USD, followed by XRP (12,05 billion), Ethereum (10,85 billion), which basically makes it clear how much ahead Bitcoin is.
EOS (2,12 billion) is way behind in 4th, followed by TetherUSD (2,02 billion), Bitcoin Cash (2,01 billion), Litecoin (1,98 billion), TRON (1,72 billion), Stellar Lumens (1,42 billion) and now Binance Coin (1,14 billion).
The rest of the top 20 sees Bitcoin SV, Cardano, Monero, IOTA, Dash, NEO, Ethereum Classic, NEM, USD Coin and Maker. All but Bitcoin SV with a market cap of less than a billion USD.
Bitcoin (BTC), Ethereum (ETH), XRP (Ripple), and BCH Coin Price Watch (Feb 6th)
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