This year was a continuation of the last year’s trend, the bearish market for most of the cryptocurrencies. All altcoins end the year with lower prices than at the start of this year, with the exception of a small minority that survived this year as we are about to see in the latest altcoin news today.
While the market capitalization of all the cryptocurrencies is at this 55% up this year, it is the merit of Bitcoin (BTC) in the bigger part. The absolute lord of cryptocurrencies has gathered 95% in 2019, at the same time cannot be noted about the other cryptocurrencies. Altcoins have had another annus horribilis and the bigger part of them have suffered loses in 2019.
The second-biggest cryptocurrency on the globe this year suffered a meaningful fall. After a growth above 350%, Ethereum has crashed back to the levels of January at about $130. This knocked the coin down to 90% from its height and stuffed it deep under the crypto bearish market.
If the saga of Ethereum (ETH) is bad then Ripple’s is even worse. XRP has fallen 45% this year, putting the transfer of the coin in the cross-border sector at its lowest levels in over two years. The prices at this moment are in the place they were before the bubble of 2017 that left XRP with a scar of 95% fall from the all-time high.
Bitcoin Cash (BCH) price has grown a bit in January but in the rest of the year, the price movement was pretty much neutral for the BTC fork. A pump to $500 has stroked back to $200 and there was no movement from independent and free-market actors in this years’ experience for the fourth biggest cryptocurrencies.
Litecoin (LTC) experienced a tremendous halving trend of about 400%, growing to $145 and after that falling back to the winter levels of about $40. It is very unlikely Litecoin (LTC) to do anything significant without its bigger brother in 2020. If another massive alt-surge does not happen the bigger part of the altcoins end their year on the downside and will continue their bad behavior in 2020 as interest, liquidity, and volume fades. Only the fittest will survive.
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