Tech News, Magazine & Review WordPress Theme 2017
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • CRYPTO LIVEWIRE
    • Latest
    • Press Releases
    • Sponsored Posts
    • Submit Your Content
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EXPLORE
    • eToro
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • CRYPTO LIVEWIRE
    • Latest
    • Press Releases
    • Sponsored Posts
    • Submit Your Content
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EXPLORE
    • eToro
No Result
View All Result
The Daily Hodl
No Result
View All Result

Bloomberg Lists Top Cryptocurrencies of 2019: Bitcoin Comes in Second, With XRP And Stellar Lagging Behind

by Daily Hodl Staff
December 9, 2019
in Bitcoin
‏‏‎ ‏‏‎ ‏‏‎ ‏‏‎

‎‎‎ ‏‏‎

ADVERTISEMENT

Bitcoin had a big 2019, with a 101% jump in price from $3,742 to $7,537 at time of publishing, according to CoinMarketCap.

But despite its blockbuster performance, Bitcoin is not the number one crypto asset of the year, in terms of performance.

That honor goes to Binance Coin (BNB), which surged from $6.16 at the start of the year to its current price of $15.69 – a 154% increase.

Out of the top 10 coins by market cap, only two are ending the year in the red: XRP and Stellar Lumens.

XRP began the year at $0.3557 and is currently at $0.2294, a loss of 35%. Stellar Lumens began the year at 0.1123 and is currently at .0554, a loss of 50%.

ADVERTISEMENT

Bloomberg just released a visualization showing how the top 10 coins by market cap have performed year-to-date, with Litecoin and Bitcoin Cash also having standout years.

Source: Bloomberg

Binance Coin surged early this year thanks to the early success of the company’s initial exchange offerings.

The coin can be used for discounted trading fees on Binance.com and is routinely burned.

Here’s a look at how the coin burn works, according to the company’s whitepaper:

“Every quarter, we will use 20% of our profits to buy back BNB and destroy them, until we buy 50% of all the BNB (100MM) back. All buy-back transactions will be announced on the blockchain. We eventually will destroy 100MM BNB, leaving 100MM BNB remaining.”

Binance initially created 200 million BNB and promised no more coins would ever be generated. The structure is designed to help make the coin an attractive investment due to its inherently deflationary nature.

In addition to rolling out a number of trading platforms around the world that offer fiat-to-crypto on-ramps, the company is pushing for real-world adoption of BNB. It has invested $2.5 million in the Australian startup TravelbyBit to integrate crypto as a payment method for travelers making purchases at international airports.

Binance also recently acquired DappReview, a company that tracks the performance of blockchain-based decentralized applications.

ADVERTISEMENT
Follow us on Facebook            Join us on Telegram            Follow us on Twitter


Check Latest News Headlines


ADVERTISEMENT


Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Submit a Press Release

Crypto Livewire – Press Releases

  • Student Coin Found New Ways to Use Crypto
    February 24, 2021
  • Everest Receives Crypto Custodian Approval
    February 23, 2021
  • Here’s How Traders Are Staking Crypto Assets Without the Hassle
    February 18, 2021
  • 99Bitcoins Takes Over the Dead Coins Project to Become the Cryptocurrency Undertaker
    February 17, 2021
  • Coinsbee Makes Spending Bitcoin Easy
    February 17, 2021
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$51,445.00
$51,445.00
3.8%
Ethereum
$1,649.19
$1,649.19
0.11%
Binance Coin
$258.17
$258.17
0.07%
Polkadot
$34.56
$34.56
1.52%
Cardano
$1.07
$1.07
3.77%
XRP
$0.473794
$0.473794
0.22%
ADVERTISEMENT

Spotlight

  • SEC’s Case Against Ripple and XRP Is Dead Wrong Legally and Factually, Says Former Chair Mary Jo White
    February 20, 2021
  • Blockstream CEO Says Institutional Investors Buying the Dip After Square’s $170,000,000 Bitcoin Purchase
    February 24, 2021
  • IMF Says Central Bank Currency Will Face Pressures in the Digital Age
    February 21, 2021
  • Bitcoin Is the Only Life Raft To Escape Poverty Trap, Says Macro Guru Raoul Pal
    February 19, 2021

DON’T MISS A BEAT

Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options

By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.

Check your inbox for confirmation email.

Cryptocurrency news and analysis, covering Bitcoin, Ethereum, Ripple, XRP, altcoins and blockchain technology

Categories

Bitcoin • Ethereum • Trading •
Ripple and XRP • Altcoins •
Blockchain • Regulators •
Scams • Crypto101 • HodlX • Explore • Futuremash •
Crypto Livewire

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT

JOIN US ON TELEGRAM

JOIN US ON TWITTER

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2021 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • CRYPTO LIVEWIRE
    • Latest
    • Press Releases
    • Sponsored Posts
    • Submit Your Content
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EXPLORE
    • eToro

© 2020 The Daily Hodl

×
We use cookies to give you the best online experience possible. Continue browsing if you are happy with that, or see how to manage cookies.