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For the investment market in 2020, there will be a haze, but the cryptocurrency market has a unique outlook. Let’s take a look at the overall performance of the top 50 cryptocurrencies by market capitalization today. Let’s take a look at this table compiled by the editor.
(Data source: non-small)
Who is the leader of this year?
In 2020, Bitcoin’s surge has made its value stand out, especially the entry of traditional financial companies, which has caused many people to change their views on cryptocurrencies. Although Bitcoin rose by 295.05% throughout the year, the results are impressive. However, among the top 50 cryptocurrencies by market capitalization, it is not the largest increase.
Bitcoin 2020 chart
Let’s take a look at who is the leader in 2020, and it will definitely surprise you.
Champion: KSM increased by 5606.6%
KSM 2020 chart
Kusama (KSM), also known as Canary Network, is Polkadot’s test network. Also known as Wavelet Card and Polkadot Beta. Any new function deployed on Polkadot must be deployed and tested on Kusama first, and then migrated to Polkadot after success.
Therefore, KSM is not only a simple test network, it will not disappear with the launch of Polkadot like other test networks. As long as the community always exists, the Kusama network will always exist, and it will also be the first batch of parallel links to bridge the wave. Card network.
KSM is a hot project in 2020. It will be listed in 2019 with an opening price of US$1.72 on the first day. The subsequent surge fell to $1.16 in early 2020.
Then there is a slow upward trend. With the launch of Polkadot and the popularity of DiFi, KSM broke out in the second half of the year, and on December 31, it created a record high of US$68.6022. The increase is 56 times.
Runner-up: THETA rose 1924.9%
THETA 2020 chart
THETA is the Ethereum token of the THETA network project. The THETA network project is affiliated to THETA Labs. It is a new generation of decentralized video streaming platform based on native blockchain technology. The platform distributes THETA token rewards to content viewers who share bandwidth, provides high-definition video content and reduces videos. Distribution costs.
THETA Labs is a wholly-owned subsidiary of SLIVER.tv. SLIVER.tv is a leading e-sports live broadcast platform with more than 1 million monthly active users.
THETA is an old project in 2018. It opened at a price of US$0.1537 on January 18 of that year. After that, it had a steady trend for two and a half years. The price at the beginning of 2020 is $0.564.
It began to erupt in May 2020, oscillating all the way up, and hit a record high of $1.7991 on December 31, 2020. THETA has doubled 19 times in 2020.
Third place: ZIL increased by 1531.8%
ZIL 2020 chart
Zilliqa (ZIL) is also a 2018 project, which was listed on January 26, 2018, with an opening price of US$0.1254.
Zilliqa claims to be the world’s first high-throughput public blockchain platform. Zilliqa uses the PBFT consensus mechanism to expand the transaction speed to thousands of transactions per second. As its network expands to increase the speed of transactions, Zilliqa brings the theoretical practice of sharding. The project has advanced technology and has been verified by actual tests. With the recent ETH 2.0 opening the sharding era, this will also bring more attention and traffic to ZIL.
As a popular item on Twitter, ZIL ranks 6th among the “Top 10 Coins with the Most Discussion on Twitter” recently released by Coin98 Analytics. At the same time, ZIL’s recent positives frequently appear: ZIL will be launched on the Changelly PRO exchange on December 19; on December 21, the Zilliqa mainnet will be upgraded to version v 7.0.0; ZIL’s official Twitter said it will be brought in January 2021 Major update. With multiple positives, ZIL’s currency price has also risen sharply recently.
ZIL had a big market in the first half of 2018, and on May 10, 2018, it created an all-time high price of $0.2314. Then there was a big drop, the lowest fell to 0.002280 US dollars.
The opening price at the beginning of 2020 was $0.004435, and the price on December 31 was $0.07679, an increase of 15 times.
The star project is no longer red!
If there is a rise, there will be a fall. Although cryptocurrencies have risen to varying degrees in the first half of this year, there are also unsatisfactory ones. Let’s take a look at the decline ranking of the top 50 cryptocurrencies by market capitalization.
First place:
SEELE fell by 91.94%
Second place:
ONT fell by 18.28%
Third place:
EOS fell 3.09%
These three are all veteran projects, and they have all been extremely popular. SEELE will be listed on May 28, 2018. ONT went public on March 18, 2018. EOS will be listed on July 13, 2017.
If the trends of SEELE and EOS are still ups and downs, after ONT goes on the market, it has plummeted all the way, which is a perfect model for cutting leek.
EOS can have such a performance today, and many people can’t help but sigh. It was once high hopes by people, and it is also known as the representative of Blockchain 3.0. Now people can see no hope.
Which new coins broke into the top 50!
In 2020, a total of six new projects including DOT, FIL, AAVE, UIN, YFI, and COMP have entered the top 50, accounting for 12%. They were all issued by DiFi Dongfeng in the second half of 2020.
Most of them performed relatively eye-catching, and YFI’s five-month increase was as high as 2167.07%. Only FIL showed a slight decline. details as follows.
ODT 2020 chart
DOT: Listed on August 20, 2020, the first day price is $2.9421. The price on December 31 was US$7.2294. The increase reached 145.72%.
FIL 2020 chart
FIL: Listed on October 15, 2020, the first day price is 27.6361 US dollars. The price on December 31st was $21.161. A decrease of 23.43%.
AAVE 2020 chart
AAVE: Listed on October 8, 2020, the first day price is 37.8936 US dollars. The price on December 31 was $78.5374. The increase reached 107.26%.
UIN 2020 chart
UIN: It will be listed on September 18, 2020. The price on the first day is $3.4778. The price on December 31st was $4.1445. The increase reached 19.17%.
YFI 2020 chart
YFI: It will be listed on July 22, 2020, with a price of US$960 on the first day. The price on December 31st was $21763.91. The increase reached 2167.07%.
COMP 2020 chart
COMP: listed on June 16, 2020, the first day price is 79.8161 US dollars. The price on December 31 was $157.09. The increase reached 96.81%.
A turbulent year!
2020 is a violent year! The annual lows of many cryptocurrencies appeared in March and April. If investors deploy at that time, the returns will be higher. For example, if you buy BTC in the first half of the year, you can get nearly five times the income at most.
BTC’s shock amplitude is not the largest. In the top 50, many coins have more than ten times the amplitude. XRP (11 times), LINK (10 times), THETA (31 times), SNX (20 times), YFI (45 times), KSM (66 times), ZIL (28 times), OMG (14 times), DGB ( 10 times), REN (19 times), and the amplitude of WAVES is 108 times.
In this violent shock, there are huge investment opportunities. If one or two currencies are grasped, there will be considerable gains. Even if you only speculate in the top three currencies such as BTC, ETH, XRP, it will make a lot of money.
The coin that hit a record high at the end of the year is awesome!
In the bull market of cryptocurrency this year, many coins, led by BTC, hit record highs at the end of the year. Especially those old projects can hit a record high this year. This may be a project that we will focus on in the new year.
At the end of the year, the projects that reached a record high were: BTC (record high of 29301.19 USD), DOT (record high of 8.3266 USD), OKB (record high of 7.9127 USD), THETA (record high of 1.7991 USD), SNX (record high of 8.754 USD), KSM (A record high of US$68.6022).
Although most cryptocurrencies have seen good gains this year, their current prices are still on the floor compared to their historical highs. Through the above table, we can see at a glance. Although their prices are low, this does not mean that they have investment value. On the contrary, it is possible that these projects are slow in progress, or the projects themselves have problems, and it is difficult to achieve further development.
Therefore, we must take these projects more seriously so as not to accidentally enter the pit.
Finally, the reminder is that the amount of information in this form is huge, and only careful analysis can dig out greater investment value. Recommend collection!
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