Cryptocurrency market blue chips and losers in the first half of 2019

Rage Review : The second quarter of 2019 is coming to an end. For those who invested in cryptocurrencies this year, the market price is much higher than last year. Many digital assets have achieved considerable gains after the historical lows in December 2018.

Translation: Maya

Digital assets grew by 350-550%

In 2018, when the price of cryptocurrencies fell from all-time highs to bottoms, many traders and crypto supporters called the year "Crypto Winter". The market remained in a bear market for a whole year, with a large number of bull traps along the way. However, in 2019, the story took a big turn, and the vast majority of cryptocurrencies achieved considerable value growth in the past two quarters.

In fact, there are a bunch of coins (some of which are relatively unknown) that have gained 350-550% over the past six months. BNB is the strongest performing contender this year, up 521% in Q1 and Q2. It is followed by chainlink (LINK 510%), ravencoin (RVN 379%), Ignis (IGNIS 357%), and litecoin (LTC 345%).

( BNB ) is up +521% year to date.

BCH ranks 24th in terms of growth this year, up 158%

Other notable coins that have led the way this year in terms of gains include holo (HOT), everex (EVX), monacoin (MONA), enjin (ENJ), ripio (RCN), and zcoin (XZC). The aforementioned cryptocurrencies have gained between 169-282% this year alone. The top ten digital assets by market cap have all seen at least 100% growth or more in the past two quarters. The next spot after BNB and LTC in the top ten is EOS, which has seen a 164% increase.

Bitcoin Cash (BCH) is up 158% year to date.

Next is BCH (+158%), which ranks 24th for year-to-date gains. Next is Bitcoin Core (BTC), which is up 150% year-to-date. Among the top ten cryptocurrencies by market cap, the smallest gains in 2019 are XRP (21%) and XLM (9%). With the exception of XRP and XLM, most of these coins have outperformed traditional investments such as commodities, stocks, precious metals, and oil.

Bitcoin core (BTC) is up 150% so far this year.

Litecoin (LTC) is up 345% year to date.

A basket of cryptocurrencies and the long journey back to all-time highs

You would also see some nice gains if you invested in a basket of coins, such as the one Coinbase offered on the exchange in September 2018. At the time, the trading platform offered a market-weighted sampling of BTC, ETH, BCH, LTC, and ETC (+67.81%).

BCH and many other digital currencies still have a long way to go before reaching the ATH posted in December 2017.

Bitcoin Core (BTC) is still 54% below its ATH on December 17, 2017, while XRP is down 89%. Ethereum (ETH), the third largest by market cap, is still 81% away from its all-time high. It is followed by LTC (-64%), BCH (-81%), EOS (-70%), and XLM (-87%), while BNB and BSV did not exist during the last bull run.

The Worst Performing Cryptocurrencies in 2019

The worst performing coins in the first two quarters of 2019 are a mix of obscure and well-known assets. XCP is by far the biggest loser, down 77%.

Other coins that have underperformed in 2019 include DCN (-70%), SALT (-54%), SUB (-50%), NMC (-49%), QKC (-47%), HXRO (-45%), and FCT (-42%). Other coins that have fallen sharply over the past two quarters include assets such as waves, bitcoin private, electroneum, stratis, pivx, and spankchain.

How will the crypto economy develop?

The first six months of 2019 have been exciting for cryptocurrency enthusiasts, as most of the crypto economy has begun to truly recover from the 2018 bear market. The entire crypto economy is valued at over a quarter of a trillion dollars to date, and global trade volumes have reached between $40 billion and $10 billion over the past two months. There has been much speculation as to the reasons for the influx of new funds, depending on who you ask. Some believe that institutional interest is beginning to focus on cryptocurrencies, while others believe it may have something to do with the shaky economies of numerous countries around the world. Whatever the case may be, digital asset prices have generally seen impressive gains this year.