2019-4-20 18:00 |
The collective cryptocurrency market has seen a massive upswing since the beginning of the year, with the market weathering the infamous crypto-winter. Several coins have defied the bears, breaking multiple resistance levels to reach notable highs.
Among them, the stand-out is clearly Binance Coin [BNB] which has broken through the top-10, amassed a gain of over 300 percent since the beginning of the year, and seen its adoption via its parent exchange reach new heights. Binance’s DEX has now pushed the coin above it All-Time-High [ATH], being the first coin to do so, but among triple-digit gainers it BNB is not alone.
Several bullish mavericks are tucked in BNB’s shadow, showing surges in their own prices and taking leaps while their competitors and the overarching market only inches forward. Given below are four coins that have seen notable upswings in the past three months, with a price pump in the magnitude of the extremely bullish Binance Coin.
BNB’s mammoth rise has left a slew of coins, that have enjoyed triple digits gains this year, in its shadow. These coins have seen consistent growth, little market correction allowing its price to consolidate following each cycle of an upswing. Litecoin’s rise has been well-documented and hence is excluded from this list.
Basic Attention Token [BAT]
Source: Trading View
BAT has risen from $0.12 at the beginning of the year to $0.39 today, a whopping 225 percent rise pushing it up 12 spots on the coin ladder. Barring a mid-April correction, the coin has seen a consistent growth wave with the peak of same continuing to shift itself higher and higher as the price continues to surge. In the past seven days, the coin has seen a 31 percent pump.
A recent Glassnode report further indicates that the coin’s pump will further increase owing to the accumulation of BAT whales in the past five months. The report quantified the BAT at $10 million, over 5.8 percent of the total market cap of the cryptocurrency.
Brave Browser has also been instrumental in BAT’s rise in the calendar year. The browser’s integration with Vimeo, The Guardian, the Washington Post, among a total of over 14,500 websites allowing users to ear BAT while viewing these addresses added to its adoption. The TAP network addition, which resulted in the token reaching over 250,000 brand partners also increased its adoption.
Crypto.com Chain [CRO]
Source: CoinMarketCap
Crypto.com chain[CRO] the native token of Crypto.com a payment and virtual currency platform has seen a massive rise from $0.02 at the beginning of the year to $0.085 at press time a massive 325 percent incline. The coin has seen two significant peaks since January, the first was in mid-March when the coin climbed to $0.11 and the next on April 12, which saw the coin touch $0.097. In January, the coin was outside the top-100, taking the 111th spot with $31.38 million capitalization, and now it takes the 24th spot with $433.8 million market cap.
In the aforementioned mid-March cycle, the coin jumped by 250 percent in a seven-day period, following its integration with the South Korean exchange, Upbit. The trading pair of CRO/BTC took more than two-thirds of the entire CRO trade volume. Additionally, Crypto.com donated 28,888 BNB to Binance’s Blockchain Charity Foundation, which saw the coin make a daily gain of 28 percent. Kris Marszalek, the CEO of the Crypto.com opined that this rise could be due to CZ’s 300,000 followers, at the time.
Ravencoin [RVN]
Source: Trading View
Ravencoin has seen massive growth in 2019, but unlike Binance Coin, the surge has been fairly uneven, with several spikes and dips, with no consistent movement. Priced at $0.012 at the beginning of the year, the coin managed to surge by over 458 percent in the past three months to reach $0.067. Ravencoin’s peak was recorded in the first week of the current month, when the price climbed to $0.073. After trading around the $0.052 mark for the better part of the week, the coin jumped to $0.068 in the past 24 hours. Since the beginning of the year, RVN has managed to jump 58 spots to reach the 36th spot on the coin ladder.
A slew of announcements affirmations has seen the coin’s price up by triple digits. In early March, the coin was added to Vertbase, the dollar-centric crypto-exchange with a USD to RVN pair. Bittrex, another exchange, added the coin in the same period, with no fees being paid for the integration.
Changpeng Zhao, Binance’s CEO, affirmed the project, commending them to “keep building”, which saw the coin rise by 25 percent within a 24-hour period as the community expected an integration. Furthermore, the CEO of Overstock, Patrick Byrne backed the RVN project stating that his wealth and that of his company was invested in the Ravencoin Blockchain project.
Enjin Coin [ENJ]
Source: Trading View
The gaming-centric virtual currency saw a massive 440.45 percent upswing in its price since the beginning of the year. Priced at under $0.038 in January, the coin rose to its yearly high of $0.245 in early March, before falling victim to market correction for the remainder of the month. Bitcoin’s bullish wave has re-awakened the ENJ bulls and in the past week, the coin has risen by over 31 percent.
Samsung’s partnership with the Enjin for their flagship device the Galaxy S10 emerged in late-February buoyed the coin’s price by nearly 70 percent in a single day. Continued pictures and statements referencing this partnership saw the coin surge in different periods, with the biggest rise coming in the first week of March.
The post Binance Coin [BNB] isn’t the only coin to record a surge of over 300 percent in 2019 appeared first on AMBCrypto.
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