THELOGICALINDIAN - Bitcoin is alone the 12th bestperforming cryptocurrency of January 2024 with Counterparty BitCrystals and MaidSafeCoin authoritative a abruptness top three movers
When one thinks of cryptocurrencies or blockchain, one usually thinks of Bitcoin. It’s the oldest, best acclimated and best defended blockchain out there. However, abounding abort to apprehend that there are absolutely hundreds, if not thousands, of cryptocurrencies out there – and some of these are accepting too much traction on the bazaar to ignore.
Bithub.pl has composed a list of the 20 best assuming cryptocurrencies for January 2016, yet Bitcoin came in alone at cardinal 12.
Weeding out rogue appearances, the list left out some of the abate bazaar cap coins, which may accept risen considerably on attenuate volumes. Bithub.pl did about give honorable mentions to Pascal Coin (PASC), which grew by 10,765.08%, Byteball (GBYTE) — that’s up 244.64%, — and Golem (GNT) with a 192.09% increase.
The account is assorted and credibility to no one specific trend aural the space. There are privacy-centric bill such as Dash and Monero, Smart Contract platforms like Ethereum and Lisk, and alike in-game assets like BitCrystals.
Looking at the top three cryptos on the list, we can see a assorted set of bill that serve assorted purposes. The first, CounterParty (XCP) is an asset-issuing belvedere that embeds abstracts into approved Bitcoin transactions. Using CounterParty, anyone can affair assets or tokens that abide aural the Bitcoin blockchain. One of these tokens issued on the CounterParty belvedere is, in fact, the second on the list, BitCrystals.
BitCrystals (BCY) is an in-game asset that acts as the bill in EverdreamSoft’s free-to-play adaptable bold Spells of Genesis, a trading card/arcade-style bold that leverages blockchain technology both in its in-game abridgement and the game’s storyline.
The third-highest mover is MaidSafeCoin (MAID), the asset that fuels the MaidSafe network, area users can actualize and host websites, abundance clandestine abstracts and allotment accessible data through a decentralized mesh network of computers.
January was a agitated ages for Bitcoin. Despite massive volatility and game-changing developments in the industry, Bitcoin has managed to end on a absolute note, the amount alike continuing to grow into February, currently sitting at about $1,030.
Looking at charts showing how Bitcoin started the ages at $963 and ended at $970, it is accessible to balloon that Bitcoin has alone to as low as $760, afterward exchange inspections agitated out by the People’s Bank of China, alone to bounce back afterwards those complex alien basic measures.
As we accept appear to expect, authorization currencies haven’t done about as able-bodied as cryptocurrencies. Their inflationary nature accumulated with the actuality that they are calmly afflicted by geopolitical developments has fabricated some big losers this month.
Following the commencement of President Donald Trump, and the assorted behavior appear and activated by his administration, the USD dropped 2.6% in January, the better account bead of the bill back March aftermost year.
Do these altcoins have a standalone approaching or are they heavily abased on Bitcoin to accession all ships? Let us apperceive in the comments below!
Images address of CryptoCompare, Bithub.pl, Shutterstock, Bitwala
