The year 2019 was a period of great market performance of cryptocurrencies, which made him the best niche for investment during this period of time. By analyzing the performance obtained by the different assets over this year, it can be determined that none was able to achieve a performance superior to 30%. While the market crypto exceeded the 80% The behavior of the traditional markets on average grew by 18.3%. Separately, the growth of the S&P 500 was 27.6%; the u.s. bond high yield were placed in 12.5%; the oil reached to 22%, and the gold was a performance of 14.1%.
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Market performance of cryptocurrencies in 2019
While traditional assets have experienced a performance that has not exceeded 30%, the market crypto, on average, has generated an 83.8 per cent. And in specific cases, such as the Bitcoin, your performance goes on 117,9%. In addition, Bitcoin was the one that most contributed for the growth of the market of cryptocurrencies during 2019. However it was not the only one with a positive return. Not all criptos had a year of good performance, as the third-largest in market capitalization, XRP, is still below the opening price of the year. Another with a bad performance was Ethereum (ETH), despite the fact that your network is thriving from the key area. Binance Coin (BNB) has obtained a performance superior to the 155%, showing a performance better than Bitcoin during the first 11 months of 2019. Another criptoactivo with good performance during 2019 was Litecoin, with a growth of their capitalization of over 47%, leaving Bitcoin Cash in the fourth place with a performance that exceeded the 34%. Taking into consideration the top 100 cryptocurrencies market analyzed from the index Bitwise, the largest growth in market capitalization was without a doubt Bitcoin. The market crypto generated growth where they were able to add over 73,000 million dollars to the total capitalization where Bitcoin is the cause of 93% of this increase. Bitcoin is unlike other criptoactivos because their trends are not influenced by other assets. Even comparing it with the behavior of the gold market or the stock market. Just, sometimes very specific, produce overlays that are not perfect, and its duration is very short. In terms of volume of transactions and speed of hash, Bitcoin has been prospered during the year in course. The fundamentals support the continuation of the growth where you currently live, the market for crypto. The following two tabs change content below. Creative editor and trader of cryptocurrencies, currencies, fiat, and commodities.