Year in Review: Bitcoin Outperformed 40 of the Top 50 Cryptocurrencies in 2018
It’s been a long year for many cryptocurrencies. After reaching a high of nearly $20,000 in December of 2017, Bitcoin dropped below $10,000 in early March and has yet to revisit that level. In the ongoing bear market, BTC has lost over 84% of its value, reaching a low for the year of $3,200. But Bitcoin’s precipitous plunge wasn’t the biggest in crypto.
XRP, for example, lost about 93% of its value in 2018. After much internet hype, multiple TV appearances and an abundance of rumors about partnerships, both confirmed and unconfirmed, the digital asset shot up to a staggering high of $3.38 in 2018. Since then, XRP has dropped to as low as $0.26 over the course of the year.
Ethereum, once on track to overtake Bitcoin in total market capitalization, slid in the opposite direction. After reaching an all-time high of just under $1,400 on January 13th, 11 months later Ethereum shed 94% of its value, touching a new yearly low of under $84 on December 15th. It has since increased to about $130, at time of publishing.
Overall, data from CoinMarketCap shows Bitcoin outperformed 40 cryptos in the top 50.
Bitcoin Outperformed 40 of the Top 50 Cryptos in 2018
- Basic Attention Token
- Ethereum Classic
- Bitcoin Gold
- Bitcoin Cash
- Bitcoin Diamond
10 Cryptos That Outperformed Bitcoin in 2018 (including stablecoins)
- Bitcoin SV
- Binance Coin
- Gemini Dollar (Stablecoin)
- Paxos (Stablecoin)
- Tether (Stablecoin)
- USD Coin (Stablecoin)
- TrueUSD (Stablecoin)