Not only of bitcoin is made the crypto market. Despite being the most popular cryptocurrency with the highest market value, the BTC was not the highest performing asset in 2019. Here are the cryptocurrencies that have most appreciation in the last year:
Although it is new in the market, Seele already ranks among the 50 greatest cryptocurrencies. In 2019, it had an impressive appreciation of nearly 3,000%, moving from US$ 0.0038 at the beginning of the year to about US$ 0.138 at the end.
Currently Seele has a market value of US$ 96 million and ranks 47th in Coinmarketcap. It was developed based on the MPoW anti-asic algorithm and Seele Sharding technology for high-yield concurrency with 2000 transactions on Seele’s core network.
The cryptocurrency closed the year with an increase of more than 500% and a market value of US$ 643 million. Chainlink (LINK) is a decentralized oracle service that aims to connect smart contracts with real-world data. Because blockchains cannot access data outside their network, oracles are needed to function as data feeds in smart contracts.
Soon after its launching, Chainlink was chosen by Google as an Oracle Blockchain provider, and the company connected its cloud data platform with Ethereum.
Tezos is considered one of the most promising projects in the market and, as a consequence, was one of the best performing assets in the year. Quoted at US$ 0.46 in January 2019, Tezos closed the year worthing US$ 1.33, which corresponds to an increase of 163%.
Developed by former Morgan Stanley’s analyst, Arthur Breitman, Tezos (XTZ) is a multipurpose platform that supports dApps and smart contracts. Tezos gained even more notoriety after being Coinbase’s first chosen currency for its POS service, which pays investors who leave their currencies in ownership of the broker.
Cryptocurrencies of exchanges also valued
The Huobi Token (HT) is the Huobi’s exchange token. Being one of the largest exchanges in the world, the token ends up having a high demand, which helped in its appreciation in 2019. Thus, over the last year, the currency had a gain of 155%.
HT can be used to purchase monthly VIP status plans for discounts on transaction fees, vote on broker decisions, get early access to Huobi’s special events, receive rewards, cashback, and trade with other cryptocurrencies listed in the Huobi’s purse.
Binance Coin, which in January was quoted at US$ 6.16, closed the year worthing about US$ 14. As an end, the currency grew by 128%. Similar to Huobi Token, Binance Coin is also the cryptocurrency of Binance, the world’s largest exchange today.
Each quarter, Binance uses 20% of its profit to buy BNB and “burn” the coins. Thus, it leaves them out of circulation, which in a way functions as a stock dividend by reducing supply in the market.