2019 has proved to be a roller-coaster year for the cryptocurrency market.
Bitcoin started the year at lows of around $3,150 before threatening to break its all-time high in the summer, surging all the way up to $14,000.
However, as can be expected with the volatility of the crypto markets, the world’s largest cryptocurrency is now around 45% down from that summer high and is currently trading at $7,500 at the time of writing.
But which altcoins grew the most against Bitcoin during 2019?
In this article, I’ll take a look at the top three altcoins that have performed the most impressively over the course of the year.
2019 in review
Before I dive a bit deeper into each altcoin individually, let me take a moment to compare the gains among the top five coins vs Bitcoin.
Much to my surprise, the top altcoin of 2019 is Ocean Protocol (OCEAN). The OCEAN token grew a whopping 404% against Bitcoin over the year.
Next up is Chainlink (LINK) with an impressive 256% gain, followed closely by Egretia (EGT), Tezos (XTZ), and Ripio Credit Network (RCN).
Let’s take a closer look at the biggest movers individually: Ocean Protocol, Chainlink, and Tezos.
Above we can see the chart for OCEAN vs Bitcoin, courtesy of TradingView.
What the chart shows is a fairly straightforward positive trend line since the summer. From mid-August 2019 to December 2019, Ocean Protocol grew over 400%.
Moreover, looking at the EMAs, price is still performing quite well. It is currently sitting at 621 sats and is looking to break 700 sats soon.
Ocean Protocol claims it is kickstarting a data economy by breaking down data silos and equalising access to data for all.
OCEAN provides an ecosystem for the data economy and associated services, with a tokenised service layer that securely exposes data, storage, and algorithms for consumption.
However, since its inception, the OCEAN token is down quite a lot from its original IEO price.
I personally believe the rally this year has been led by early investors who…