Several cryptocurrencies have increased by over 40% in the past month
The current bear market we have found ourselves in seems to have a lifetime of participation. Ever since the ecstatic highs of late 2017, from November last year, it has been a period of lower lows and increasing angst at the potential length of this bear market.
Despite the negativity, there have still been excellent opportunities for traders to use the markets for financial gain.
While Bitcoin has been more or less ranging between $3400-$4000, various altcoins have had a considerable rise in value specifically the past month.
Messari.io’s digital asset tracker shows that around fourteen digital assets have increased by a minimum of 40% in the past month. For clarification, the assets that were tracked had to be in the top 100 according to market cap.
Among the biggest movers are Binance (BNB) and Litecoin (LTC). The price of Binance specifically is up a whopping 70% in February alone. BNB managed to hit $11.61 1st March, the highest price since August last year.
As well as these two coins, several other big winners were: Maker (MKR), Ontology (ONT), Basic Attention Token (BAT), Ravencoin (RVN), Theta Token (THETA), ICON (ICX), Nexo (NEXO), Enjin Coin (ENJIN), Storj (STORJ), QASH (QASH) and Loom Network (LOOM).
The official confirmation that the Samsung S10 models will have a cryptocurrency wallet and their subsequent presentation at the Mobile World Congress at Barcelona has led to several cryptocurrencies associated with the event to post massive gains.
EOS was the most significant project by market cap to post gains. It is up 112% from its all-time low in December and down 86% from its all-time high around ten months ago.
Enjin Coin (ENJIN) was by far the biggest moving currency. With Samsung choosing Enjin’s wallet to be the S10’s cryptocurrency wallet, the project increased by over 175%. It still however down 84% from its all-time high, but up 257% from its all-time low.
At least 16 of the top 100 projects increased between 15 to 40% in the past month. While it’s too early to tell if this means the crypto winter is over, there are at least promising signs that there could be light at the end of this very long tunnel.