After a striking recovery since the beginning of 2019, the cryptocurrency market as a whole is up significantly since the start of the year, with most major cryptocurrencies in double-digit gains. However, other assets like IOTA (MIOTA,) Ripple (XRP), and TRON (TRX) aren’t performing as well.
Throughout this period, Bitcoin has largely led the way, climbing from $3,746 at the beginning of the year, up to its present value of over $10,300—an impressive 180 percent growth. Likewise, other major digital assets like Ethereum, Litecoin and Bitcoin Cash have also posted impressive gains, up between 40 and 120 percent this year.
However, it hasn’t all been smooth sailing in the cryptocurrency space, as some major digital assets have taken a beating in 2019. According to new data recorded by cryptocurrency analytics firm Messari, Stellar (XLM), IOTA (MIOTA), XRP and TRON (TRX) have all witnessed significant losses since the year began.
Leading the pack in the way of losses is Stellar (XLM), a digital currency aimed to help facilitate the transfer of value across borders. As it stands, XLM is down a soul-shattering 37.64 percent in the last year, while rival cryptocurrency XRP is down 23.5 percent over the same period. Beyond this, IOTA and TRON are down 22.96 percent and 6.05 percent respectively as of this writing.
When looking at the change in the last three months, things look even worse. In the same period where Bitcoin gained 18.6 percent, these four cryptocurrencies are all down at least 37 percent. Across this time scale, XLM is performing the worst, down 49.6 percent after crashing from $0.07 in August 2019.
Overall, all four assets are down regarding their 30-day, 90-day, and year-to-date prices as of this writing. TRX, XRP, and XLM are also down when it comes to their 7-day change, though IOTA is up almost 7 percent.
Do you think that any of these four cryptocurrencies can turn it around before 2019 ends? If so, which, and why? Let us know your thoughts in the comments below!
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Daniel Phillips
After obtaining a Masters degree in Regenerative Medicine, Daniel pivoted to the frontier field of blockchain technology, where he began to absorb anything and everything he could on the subject. Daniel has been bullish on Bitcoin since before it was cool, and continues to be so despite any evidence to the contrary. Nowadays, Daniel works in the blockchain space full time, as both a copywriter and blockchain marketer.
After obtaining a Masters degree in Regenerative Medicine, Daniel pivoted to the frontier field of blockchain technology, where he began to absorb anything and everything he could on the subject. Daniel has been bullish on Bitcoin since before it was cool, and continues to be so despite any evidence to the contrary. Nowadays, Daniel works in the blockchain space full time, as both a copywriter and blockchain marketer.
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