Bitcoin has seen the biggest price increase in the first quarter of 2019 since the last quarter of 2017. The price increased 10.91 percent, closing at $4096 on March 31st. But bitcoin is not the best performer on the market, as there are over one hundred coins and tokens that performed better. Litecoin has seen an increase of one hundred percent.
We’ve seen several project with lots of momentum in the past few months. Enjin (ENJ) and Basic Attention Token (BAT) both tripled in price when the news hit that these tokens were included in the Samsung Galaxy S10.
In March projects like Cardano (ADA), Dash (DASH), Tezos (XTZ), Stellar (XLM) and even NEO saw an value increase of 60 to 100 percent. Also privacy oriented projects like Zcash (ZEC) saw an 50 percent value increase in March, and Ravencoin (RVN) even noted a 500% increase.
Not all projects have seen major gains in the first quarter though. Ripple (XRP) dropped five cents in value to $0.31, while ethereum (ETH) saw only an 8 dollar increase to $143.69. Ethereum Classic (ETC) also failed to make an impact as it dropped approximately 40 cents in value to $4.84.
Yet, these increases are not incidents. There has been a steady growth in terms of value and volume in March. At the same time more companies are moving into blockchain technology and cryptocurrencies. Now, on April 2nd, bitcoin has made a 13% jump in value.
There’s no doubt that the top ten coins from the 2017 bull run will make – at least partly – place for new contenders. Ravencoin, Basic Attention Token and Onthology are just a few of the potential projects to enter the top ten. It’s important to keep reading about adoption. Which project is being used for what, and how important is the corresponding coin or token within the product. Cryptocurrency as a payment option is coming, but true adoption is hiding in the utility of cryptocurrencies and tokens.
Also published on Medium.