Bitcoin has forever been the undisputed king of the decentralized digital economy. Granted, the rest of the pack lags far behind both in terms of popularity and market cap, but that certainly doesn’t justify the ridicule altcoins are often subject to.
That is not to suggest that there aren’t worthless and deceptive altcoins out there — but at the same time, it is perhaps for the greater good of the asset class to give credit where it is due.
A closer look at their performance, starting from the more established altcoins such as XRP and ETH, all the way down to the outright obscure ones like TitCoin or PutinCoin, it is obvious that a sizeable number of them are doing extremely well.
Altcoins That Gave Massive ROI in 2019
Unbeknownst to many casual traders, there are several altcoins that have been consistent performers through most of 2019. On that count, it is perhaps safe to assume that their growth is not just a fluke or the obvious byproduct of market manipulation.
Take, for example, the case of Chainlink (LINK). It started the year at just about $0.29 per unit but climbed all the way up to almost $3.90 by the end of H1 2019. Sure, it has plummeted since, but only compared to its all-time-high.
Traders who got themselves a LINK stash at the start of 2019 and sold it off on June 30 made about 13,500% gain on their investment. Currently around $2.70 per unit, even now LINK is up over 900% compared to where it started the year.
LINK is not the only altcoin to have delivered double-digit ROI in 2019. Love it or hate it, Binance Coin (BNB) has been another top-performer through most of the year, despite its spectacular fall from its all-time high (ATH) of $43 earlier this June. As of press time, BNB is trading at just over $17, up nearly 300% compared to its valuation on Jan 1, 2019.
Ravencoin (RVN) is another such example, having started the year at about $.013 and then going all the way up to $0.074 in early June. Currently, it is hovering around the $0.04 level.
Other examples of similar lesser-known, but high-performing altcoins in 2019 include Constellation (max gain over 650%) and Republic Protocol (670%+).
Note that BeInCrypto is not associated with any of the aforementioned cryptocurrencies in any capacity and the info herein shouldn’t be taken as investment advice. Use your own discretion to evaluate if they fit your investment portfolio and risk allowance.
With that said, the broader point remains that there are still many altcoins out there that have been performing consistently well and might end up being worthwhile investments for the strategic investor.