During 2018 we have experience a roller coaster. At the beginning of the year several virtual currencies registered their highest prices ever. But since then, the market has been operating down, and it cannot fully recover. But which are the top 7 virtual currencies that were able to grow during this year? Let’s have a look.
The 2018 Crypto Market has been a rollercoaster 🎢
Which direction are we going from here? pic.twitter.com/ToPbMkdmI7
— Cryptokita (@cryptokita) May 24, 2018
Aeternity (AE) is a platform for decentralized applications that has been launched in 2017. The token that works in the platform is known as Aeon and it had one of the biggest gains in 2018.
At the beginning of the year this cryptocurrency was traded around $1.33 and it had a market capitalization of $309 million dollars. At the beginning of May, Aeon reached its all time high after being traded around $5.57 and with a market capitalization of $1.29 billion dollars.
The currency registered a 318% increase during this year. Additionally, its trading volume moved from $1.3 million dollars to $150 million.
Binance Coin (BNB)
Binance Coin (BNB) is a virtual currency that is used as the token of the Binance cryptocurrency exchange. Users can pay trading fees with it, and in the future it is expected to work in the decentralized exchange that Binance is planning to launch.
It has been one of the virtual currencies with an important growth this year. The first days of January, it was traded around $8.29 dollars, and during the last month it has been traded between $12 and $15 dollars. This is a growth between 44% and 80%, which is quite impressive considering that other virtual currencies lost an important part of their value in 2018.
0x cryptocurrency is an open, permission-less protocol allowing for ERC20 tokens to be traded on the Ethereum blockchain. Moreover, the cryptocurrency will be used in the future in a decentralized exchange that the platform is now building.
At the beginning of the year, ZRX was traded just above $1 dollar. Later the same month, it reached its all time high, near $2.4 and since then it has been in a downtrend. At the beginning of May, it was able to reach $2 dollars but as soon as the currency reached this price level it went down to $1.07. Not, each 0x token can be bought for $1.26 dollars, which is almost a 26% compared to the beginning of the year.
Another crypto that has registered gains during this year is Bytecoin (BCN). This is a private and decentralized cryptocurrency with open source code that allows individuals to take part in the Bytecoin network. The most important features of it are Privacy and Security.
In January, this virtual currency was traded near $0.0057 dollars. At the beginning of May, it registered a price of $0.018 (its all time high), and now is being traded around $0.006 dollars.
EOS is a platform created so as to support decentralized applications (also known as dApps). But the main intention was to make it in a developer-friendly way. Compared to Ethereum, the platform is very intuitive and bridged the gap between the blockchain and the dApps in the platform.
At the beginning of the year, EOS was traded around $8.51 dollars. It reached an all time high in May ($22 dollars per coin), and now is being traded around $12 dollars. That represents an increase of 41%.
Tronix (TRX) is another virtual currency that has registered important gains during this year. This network aims to become a decentralized entertainment content sharing platform that would eventually leverage blockchain and peer-to-peer network technology.
In January, Tronix was traded around $0.043, it reached its all time high some days after, after touching almost $0.3 dollars per coin. Now is being traded near $0.07 dollars. Compared to the beginning of the year, that represents an increase of 62%.
VeChain is a decentralized blockchain that aims to become a scalable, reliable, and distributed business environment. The main intention is to offer all the necessary information about a product to authorized stakeholders.
In January, this cryptocurrency was traded around $2.28, it reached an all time high in February, near $9.15 dollars per coin and now it is being exchanged over $3.58 dollars. That represents an increase of 57%.
Information courtesy of @Cryptokita
All of the cryptocurrencies mentioned can be purchased from Binance exchange, the best cryptocurrency exchange in 2018.