Bitcoin (BTC) has had a good year so far. At the turn of the year, the price of BTC was still at around $ 3,700 and at the time of writing the price of bitcoin is just under $ 11,000. That is an increase of more than 200%.
Altcoins in general, however, have not had such a good year. A large part of the altcoins peaked at the end of June, but most of them have fallen back considerably. Yet there are a few exceptions, the rate of which in 2019 rose even more strongly than that of bitcoin.
Litecoin (LTC) started this year with a price of $ 30.5 and peaked around $ 144 at the end of June. That is an increase of almost 400%. However, in the meantime, LTC has dropped back considerably to around $ 85 at the time of writing.
That is surprising since a so-called halving for litecoin recently took place. Hereby the amount of LTC earned by crypto-mining is halved. It was expected that this would further increase the price, but this increase has not yet been achieved.
Binance Coin (BNB), the native token of Binance, one of the largest cryptocurrency exchanges, is doing particularly well this year. The BNB rate was $ 6 on January 1 and peaked at $ 39 at the end of June: a growth of no less than 550%. At the time of writing, this has been adjusted downwards to $ 30, which is still a growth of 400% in 2019.
Chainlink (LINK) even increased by around 700% in 2019. Chainlink entered 2019 with a value of $ 0.29 and is worth $ 2.34 at the time of writing. This altcoin also peaked strongly at the end of June with a value of $ 4.44, which at that time was a growth of 1,400%.
The rest of the (large) altcoins do not show such strong increases in 2019 and some of them even show a decrease. bitcoin cash (BCH) is also doing relatively well and has increased by around 125% since 1 January. This is followed by monero (XMR) with 95% and Bitcoin SV (BSV) with 70%.
Ether (ETH) and EOS (EOS) are at 60% growth in 2019 so far. NEO (NEO) has increased by around 40% and cardano (ADA) and DASH (DASH) by 30%. TRON (TRX) is back to where it started this year and therefore shows neither rise nor fall. XRP (XRP) has even fallen by 20% and Stellar (XLM) and IOTA (MIOTA) have fallen by 30%.
Changpeng Zhao (CZ), CEO of Binance, recently said that he expects a so-called “altcoin season” to start soon: a period in which the rates of altcoins will rise sharply again.