Seven cryptocurrencies performed way better than Bitcoin during January’s market volatility.
HOT, the native token of Holochain project, surprised the cryptocurrency community with a 178% price surge. Augur’s REP followed by posting a 51.50% monthly gain. Chainlink’s LINK came third after rising 39%, while Numeraire’s NMR became the fourth most profitable crypto asset after ballooning 35%. Tron’s TRX, Loopring’s LRC, and OAX’s token of the same name swelled between the range of 31-33% in the same time.
BITCOIN FELL CLOSE TO 10% DURING JANUARY 2019 | SOURCE: TRADINGVIEW.COM
In contrast, Bitcoin had lost close to 10% of its value by January’s close. However, the digital currency still fared better than a majority of top ten cryptocurrencies. Ethereum’s Ether, for instance, fell 27.59% in a month. Bitcoin Cash, an anti-Bitcoin crypto project, also failed to compensate its post-fork losses; it dropped up to 30% in January.
Other than Tron, only Litecoin managed to post profits – a humble 1.87% – among the top ten coins.
#1 HOT Better than Hottest Cryptocurrencies?
A $100 investment in the HOT token would have returned $1,780. Could it get any better?
HOT PRICE CHART | SOURCE: BINANCE, TRADINGVIEW.COM
Holochain, the backer of the HOT token, started rising against the general cryptocurrency market trend from the very beginning of 2019. At that time, Weiss Cryptocurrency Ratings, a US-based independent asset rating agency, named HOT among the cryptocurrencies with the most positive outlook. On the day of the mention, Holochain confirmed that their trade volume rose by 381%, mostly against Bitcoin and Ethereum as quoted assets.
Weiss also mentioned Holochain alongside EOS and Cardano for their potential to create internet 3.0.