The Crypto Race – Who Takes The Glory And Who Takes The Fall?

Steve Anderrson
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain. Join the official channel of thecoinrepublic, For the latest news updates: https://t.me/thecoinrepublic
  • The CryptoDiffers as a statistical graph of tokens which outperformed bitcoin in the last 30 days, for performance percentage.
  • The best outperformer was XTP which shown to surpass bitcoin’s growth percentage by 22.6 times which makes it indeed a player to look out for.

The recent tweet by cryptodiffers as a statistical graph of tokens which outperformed bitcoin in the last 30 days, for performance percentage. This data compares the percentages, and by the times it outperformed the cryptocurrency giant bitcoin. Fifteen tokens were included and plotted using bars.

The best outperformer as we could see was XTP which shown to surpass bitcoin’s growth percentage by 22.6 times which makes it indeed a player to look out for. It sure shows that the cryptocurrency market is in no place to be a monopoly anytime soon.

In 2019, Bloomberg News published a list of top 10 best performing cryptocurrencies of the year which also saw Binance Coin or BNB be the topmost contender while beating Bitcoin which landed the second rank.

This was mainly taking into consideration their market capitalization, in which Binance Coin showed a 150% growth and was the only one to surpass Bitcoin in the game. Although it’s tough to predict which cryptocurrency will take the final gold for this year, there sure happens to be a rising competition even at the very beginning.

Recently crossing the 9000 dollar mark in exchange, Bitcoin does undoubtedly prove placed as the leader and most prominent cryptocurrency firm. With it’s increasing popularity and huge finances, it inevitably becomes a significant player to beat, especially in developing countries that do not have access to a large number of cryptocurrencies.

Although firms like BNB coming up with better services and loyalty programs sure pose a threat to its establishments. And although cryptocurrency being a relatively new market and is yet to penetrate many segments and regions one must be at continuous renovation and development to maintains it’s shares and growth seeing at the volatility and entry of so many new players.

Another publication for October 2019 by Forbes mentioned two tokens which outperformed Bitcoin, which included BNB and LINK. Although beating its competitions by a staggering margin in terms of volume trading at 231 million dollars in a day, it did saw a sharp degrowth previous year while those of BNB and LINK combined stood at 40 million dollars for a day according to messari crypto.

Being the first in the market or a pioneer in cryptocurrencies surely has served the purpose for Bitcoin, but this doesn’t give them any room for comfort but rather a more push to capitalize on the first mover’s advantage.

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