Saturday, May 21, 2022
HomeLitecoinBitcoin and Litecoin are 2019s Greatest Performing Cryptocurrencies.

Bitcoin and Litecoin are 2019s Greatest Performing Cryptocurrencies.


2019 has been a rollercoaster of a 12 months that has seen huge good points and equally huge losses throughout the crypto house. Though Bitcoin and Litecoin are down round 50% from their yearly highs, they continue to be this years finest performing property, far out pacing conventional markets together with the S&P500 which has posted+17.23% 12 months up to now (YTD).

Based on knowledge from Tradingview and Barchart.com Bitcoin has risen +123% YTD, and was up +288% at its peak in June of this 12 months when it reached $13,880. In the meantime Litecoin is up +93% YTD and reached +368% at its peak of $145.63. At the moment standing, this makes Litecoin and Bitcoin the first and 2nd finest performaing crypto currencies of 2019 far forward of the pack.

Third, forth and fifth respectively go to BCH +54.85%, Ethereum 37.42% and Monero with +22.11. On the opposite finish of the size the worst giant market cap performers embody Bitcoin Gold -37.13%, Zcash -33.84%, Ripple -22.76 and Sprint -8.84%.

Bitcoin and Litecoin, as two of the earliest and longest standing cryptocurrencies have traditionally tended to observe each other when it comes to value motion so this may occasionally not come as a shock to some. Sometimes Litecoin has all the time been the extra risky of the 2 usually outpacing Bitcoin to the upside and transferring decrease to the draw back. The actual fact these two proceed to stay intently correlated on this trend, towards the remainder of the crypto market, is testomony to the markets perception in these property.

When Litecoin had its halving this 12 months, it lead the crypto market. With the upcoming bitcoin halving anticipated in Might of 2020 many imagine it can, because it has accomplished so previously, take the lead with Litecoin following. What is way much less sure is whether or not any others will observe them. The latest bear market and preliminary restoration has been an excellent indicator of what the market values and within the phrases of Warren Buffett:

“Solely when the tide goes out do you uncover who’s been swimming bare.”

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular

Recent Comments

x