Even in the cryptocurrency market, which had fluctuated several times during the year 2019, there are cryptocurrency currencies that have continued to post stable gains and recorded excellent performance. It has posted steady profits throughout the year, putting together representative stocks that have drawn attention from the cryptocurrency market.
2019 Best Performing Cryptocurrency:
Chainlink (LINK)
Most market experts agree that LINK is considered the best cryptocurrency for 2019 performance. Chainlink surged between June and July to reach a record high of $3.74. It had been on a relatively moderate rise from $0.31 to $0.45 in the January-May period.
Since then, Chainlink has lost some momentum and fell, but still remains at the $1.90 level, maintaining its top 20 position in market capitalization.The price of the chain link against the U.S. dollar has risen more than 500 percent so far since January 2019.
Tezos (XTZ)
It is not possible to not include Tezos (XTZ) into cryptocurrency that received attention in 2019 along with Chain Link.
Tezos, which began this year at around $0.47 and continued its upward trend in the second quarter after soaring to $1.06 during the first quarter, with prices soaring to $1.88 in mid-May.
In the third quarter, the gain subsided and stayed at the $1.20 level, but it gained ground again in December, making it into the top 10 in the market capitalization ranking and moving up and down the $1.50 level.
The price of Tezos against the U.S. dollar has risen more than 190 percent so far since January 2019.
Binance Coin (BNB)
Launched in mid-2017, BNB is a token that can be used for trading purposes as well as facilitate various fee-related payments within the Binance Exchange platform.
Starting this year at around six dollars, Binance posted a whopping 450 percent increase to $35.20 at the end of May.
After retreating to $15.79 in the third quarter, continuing its downward trend, Binance has since found stability, keeping prices close to $14 on average in December.
The price of Binance against the U.S. dollar has risen more than 140 percent so far since January 2019.
Among the top market cap stocks in the 2019 cryptocurrency market, LTC (LiteCoin) and BCH (Bitcoin Cache) are notable.
LiteCoin (LTC)
LiteCoin rose after trading at $32 in the first week of January, soaring to an annual high of $141.73 on June 22. However, it has continued its downward trend until the end of the year, continuing its cross-border streak at a level below $43 in December. The price of LiteCoin against the U.S. dollar has risen about 40 percent so far since January 2019.
Bitcoin Cash (BCH)
Bitcoin Cash, or BCH, traded in the $135 range in the second week of January, surpassed $300 in early April, hitting an annual high of $479.96 on June 26. Since then, the price has been falling, moving from the $300 level to stable for the third quarter, but it has fallen further, moving up and down the $200 level since November.
The price of BCH against the U.S. dollar has risen more than 30 percent so far since January 2019.