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2019: The 6 best altcoins performers in the top 50

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Although the Bitcoin (BTC) price is still struggling to recover from a catastrophic 2018, a number of altcoins have seen some impressive gains this year, and some speculators are even predicting alt season. So with that said, let’s take a look at 2019’s top altcoin performers in the top 50…

 

6. VeChain (VET)

Image from Gyazo

Current price: $0.005283

Jan 1, 2019 price: $0.003980

VET is the 23rd-largest crypto by total market cap, which currently stands at $293 million. It has seen gains of 33% for 2019 so far.

VET is now at its highest price level since the end of November. The most recent price spike, of around 17%, was on March 12. This corresponded with a peak trading volume of around $31.4 million.

The supply-chain focused crypto was launched back in 2015. Back in January, VeChain announced major partnerships with relevant companies including healthcare company Milly. VET has also been supported by leading storage solution Trust Wallet since February 28.

 

5. EOS

Image from Gyazo

Current price: $3.78

Jan 1, 2019 price: $2.57

EOS is the 5th-largest crypto by total market cap, which is currently $3.4 billion. Since the start of the year, its price is up 47%.

The price has stabilized recently, but February saw some particularly big gains. After dipping throughout January, the price jumped by $1.23 over the course of the month. February 18 saw an increase of 22%, followed by another spike of around 15 percent on February 21 in the wake of news about a partnership with online forum platform Tapatalk.

 

4. Maker (MKR)

Image from Gyazo

Current price: $705.24

Jan 1, 2019 price: $447.80

Ethereum-based token MKR is part of the DAI stablecoin eco-system. It is currently the 16th-largest crypto by total market cap ($705.8 million). 2019 so far has seen it increase in price by 57%.

February was a huge month for MKR, with the token peaking at $765.78, over double the price it was at the start of the month.

The success of MKR this year is primarily linked to that of DAI. MKR tokens are destroyed or created in order to maintain the stablecoin’s dollar peg, and they are also used to pay transaction fees on the network. Trade volume for DAI has surged throughout the year, peaking at $114.8 million back on February 28. 2 percent of all ETH tokens are currently being used as collateral for DAI loans.

 

3. Ontology (ONT)

Image from Gyazo

Current price: $1.10

Jan 1, 2019 price: $0.59

ONT is the 18th-largest crypto by total market cap, which currently stands at $545.37 million. It has seen a 86 percent increase since the start of 2018.

Big fundamentals that could explain ONT’s price growth recently include a major distribution deal with MovieBloc, which corresponded with a 14% 24h increase, as well as a listing on the Bittrex exchange. Another major event was the release of its development platform on Google Cloud, which contributed to a 25 percent price increase for the 24h period.

 

2. Litecoin (LTC)

Image from Gyazo

Current price: $59.48

Jan 1, 2019 price: $30.46

Litecoin (LTC) is currently placed 4th by total market cap, which stands at $3.63 billion. It has seen gains of 95% in the year so far.

A partnership with the UFC is one of the biggest fundamentals for LTC in 2019. It has also seen the implementation of MimbleWimble, a blockchain based privacy protocol with a focus on scalability along with support from the Spend mobile app. There is a mining reward halving coming up in August, which could also be playing a part in some of the price action.

1. Binance Coin (BNB)

Image from Gyazo

Current price: $15.45

Jan 1, 2019 price: $6.19

Binance Coin (BNB) has been by far the biggest success story of the year so far, with gains of 150%. It is currently placed seventh by total market cap ($2.18 billion), leapfrogging both Tron (TRX) and Tether (USDT) in 2019.

 

The upcoming launch of Binance Chain and Binance’s DEX are significant factors contributing to the growth of the exchange’s native token. Even more significant is Binance Launchpad, a token sale platform that lets users trade BNB for newly-created tokens in new crypto projects, and prioritizes projects that integrate BNB into their eco-system. Binance has also had its scheduled quarterly coin burn, where it buys back BNB tokens in order to permanently remove them from circulation.

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Binance DEX will not have access to your coins, unless you disobey rules

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Twitter user @ImShillGates has brought to the attention the fine print on the upcoming Binance Decentralized Exchange (DEX) which states that your funds can in fact be taken from you by Binance.

In a recent tweet by @ImShillGates, the users posts an image with the fine print of the Binance DEX. The terms clearly state that “your wallet is not accessible by Binance, and Binance will not keep your Keystore files, passwords, mnemonic phrases and/or private keys”

However, on the same page the terms and conditions go on to explain what prohibit uses are not allowed on the DEX, followed by a conclusion paragraph stating that Binance has the right to “confiscation of any digital tokens obtained in any prohibited use”. The paragraph also states that “Binance may, at its sole and absolute discretion, seize and hand over your property to law enforcement or other authorities where circumstances warrant”.

The main concern for users of Binance DEX will be surrounding how decentralized the new exchange really is. While the wording appears to be targeting users who attempt to defraud or scam other users or sell stolen tokens, the potential to start seizing funds for other reasons remains a possibility based on the discretion of Binance. While the Binance DEX maybe an attempt to be decentralized, perhaps the DEX is not really decentralized at all.

Source:chepicap

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XRP Price Needs a Small Miracle to Stay Above $0.3

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As the Bitcoin price continues its slightly unexpected negative trend, the alternative markets are scrambling to make up lost ground. That is much easier said than done, as none of the top markets is able to contain the losses right now. The XRP price is going down a very slippery slope, as a drop below $0.3 seems very plausible all of a sudden.

XRP Price Starts to go Downhill Fast

In the volatile world of cryptocurrencies, tokens, and digital assets, there are always specific market trends which might not make too much sense. Even though Bitcoin is currently down by a few percent, the alternative markets easily lose 5% or more. Even XRP is facing tremendous pressure right now, which is not necessarily something people had expected.

To be more specific, the XRP price has lost 6.86% as it now sits barely above $0.3. This is very different from the $0.325 level which was still in place until a few hours ago. Combined with the extra 4.52% loss in XRP/BTC, it quickly becomes evident things are not looking good. At this rate, XRP will easily drop below 5,000 Satoshi in the near future, which isn’t necessarily a promising development.

As the price woes continue to keep a lot of people engaged, the Twitterverse is looking at things from a different angle. Dsavino would love to see XRP supported by ErisX, although the company has not indicated such plans at this time. This unified platform for spot and CFTC-regulated futures products is worth keeping an eye on, even if it doesn’t support Ripple’s native asset.

There is another interesting observation brought to the masses by Mr. B XRP. He would like to remind people how RippleNet has been evolving as of late and how popular this technology has become in Japan lately. It is certainly a global expansion, although there is always more work to be done to improve upon the existing infrastructure.

It will be interesting to see where XRP’s price will end up at in a few hours from now. A dip below $0.3 is not dramatic by any means, although it will undoubtedly trigger some mild panic. The XRP/BTC ratio, on the other hand, continues to take potshots every single day, regardless of the overall industry trend.

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Bitcoin’s [BTC] security is 100 times more than that of Bitcoin Cash’s [BCH], says Litecoin creator

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Charlie Lee, Creator of Litecoin [LTC] and Managing Director of Litecoin Foundation, spoke about projects that allocate mining rewards to developers, in an interview with Laura Shin for Unchained Podcast. He also opined about whether Litecoin’s vision still remained the same or not.

On projects that allocate a percentage of the block reward to developers, Lee stated that it was “okay” as long as the project developers were transparent on this subject, adding that in some cases, this was “needed”. He further stated that it was hard to find developers for Litecoin since, there were not enough funds to pay these developers.

[…] we work on raising money and using money to pay for developers but unlike ICOs or other projects we just don’t have millions sitting from selling our ICO tokens to fund these developers. So, yeah I think projects that do that it’s kind of needed […]”

However, Lee stated that for cryptocurrencies such as Bitcoin and Litecoin that really want to become decentralized money, there cannot be any centralized actions like using mining rewards to pay developers.

This was followed by Lee speaking about Litecoin’s vision and the coin’s use case. On this, Lee stated that the current vision was still “very similar” to the old one, seeing Litecoin as a complement to Bitcoin. He added that Litecoin’s raison d’être was not to replace Bitcoin, unlike some other coins that claim to be the better version of Bitcoin.

“[…] I think it’s trade-off. So, a lot of people don’t talk about the trade-offs people talk about how they have fees are cheaper […] people in support of Bitcoin Cash constantly talk about how Bitcoin Cash transaction fees are like a hundredth of that of Bitcoin but, you get what you pay for right […]”

He further added that Bitcoin’s “security was more than hundred times” that of Bitcoin Cash, irrespective of the hash rate being more or not. Lee remarked that one cannot “attack Bitcoin,” whereas Bitcoin Cash could be “eas[ily] be attacked,” adding that this factor was very important and also the reason for cheaper fees.

 

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