- What are the best performing cryptocurrencies in 2019?
- A glance at the data for the top 40 shows that neither Binance Coin nor Bitcoin achieved the highest price gains, as Bloomberg recently wrote. Instead, four altcoins achieved significantly higher rates.
The end of December is traditionally the time for a retrospective of the year. A few days ago, Bloomberg heralded this time and published a study in which it titled the Binance Coin (BNB) as the best performing cryptocurrency in 2019. According to Bloomberg’s data, BNB’s performance exceeded even Bitcoin’s strong price gains this year.
Looking at Bloomberg’s data, however, it is noticeable that the number of cryptocurrencies examined was very limited. The Crypto News Flash team therefore analyzed the top 40 cryptocurrencies by market capitalization and calculated their performance from the beginning of the year until now (cut-off date: December 13, 2019). The results are surprising. Within the top 40 there are four altcoins that have recorded even greater price gains in 2019 than BNB. Bitcoin (BTC) ranks 6th behind BNB.
Chainlink and Centrality are the best performers in 2019
The cryptocurrency with the largest price gain in 2019 (to the cut-off date) is a coin that will probably fly under the radar for many investors. With its performance, however, it also shows that the “gold digger times” on the cryptocurrency market are far from over. Chainlink (LINK) has risen by a staggering 586 percent since the beginning of the year! However, also Centrality (+461%), Tezos (+261%), Huobi Token (+149%) and the Binance Coin (+145%) have recorded three-digit price gains in 2019 to date.
The reasons for the massive price increases of LINK, CENNZ, XTZ and BNB are diverse. Chainlink , the biggest winner in the market, not only impressed with its strong technology in 2019, but also concluded numerous well-known partnerships.