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Every now and again, Bitcoinist has to admit that altcoins serve a purpose. Itâs nauseating watching sh*tcoin after sh*tcoin distract fleeting investors, but the data doesnât lie. Letâs look at the top five performing cryptocurrencies (not named Bitcoin) that are unleashing the bulls right now.
Start of Another Bitcoin/Crypto Bull-Run?
Weâve gotten pretty used to hearing about the rapid demise of most major cryptocurrencies. Bitcoin price 00 lost more than 80 percent of its value in 12 months. ETH tanked by over 90 percent. Crypto, in general, is in danger of sliding into oblivion.
Itâs been a long while since most people in this space woke up without flutters in their chestâif they even slept at all.
Sure, the recent breakout has caused more speculative eyes to turn to Bitcoin. Itâs more popular than SpaceX and Elon Musk as far as Google searches go, in fact. But, whether BTC has truly hit is bottom or not takes a steely-nerved analyst to call.
However, all the nervous HODLers watching Bitcoin activity may lead them to miss some extraordinary results. The numbers never lie. Checking out the percentage performances of these all-star altcoins against their prices this time last year might just make you feel a little bit bullish.
The $crypto bull run has already started.
Prices since last year:$RVN: +387%$ENJ: +382%$BNB: +303%$HOT: +188%$BAT: +173%$LTC: +157%$IOST: +122%$ONT: +111%$BCH: +87%$ADA: +82%$NANO: +81%$LINK: +72%$VET: +71%$ICX: +57%$BTC: +37%$NEO: +36%$TRX: +32%$ETH: +24%
â The Rhythm Trader (@Rhythmtrader) April 21, 2019
The Top 5 Altcoins Leading the Charge
1. Ravencoin (RVN)
Ravencoin may have had its ups and downs. But then again, which cryptocurrency hasnât? Granted, the constantly moving background on its website may make you feel somewhat seasick, but that doesnât take away from the fact that itâs building a substantial following.
And when it comes to price, there arenât many cryptocurrencies that can claim to be doing (way!) better than this time last year. RVN 00 is up by a staggering 387 percentâand they call this a bear market.
2. Enjin Coin (ENJ)
Popular with gamers, itâs not really surprising that ENJ 00 finds a place on this list. Like it or not, the catalyst for major blockchain adoption will likely come through the geeks with joysticks.
Enjin Coin has a solid history of outperforming Bitcoin. What can we say? The streamlined gaming experience is a more pressing need than an alternative financial system to most. Itâs recently announced support for Binance Chain is also undoubtedly helping its climbing valuation.
With ENJ allowing DApps to build blockchain games, and âcreate custom tokens and contracts from scratch,â this altcoin now finds itself up a massive 382 percent from this time last year.
3. Binance Coin (BNB)
Itâs hard to even start when it comes to BNB 00. Even the staunchest of Bitcoin maximalist holds some respect for this power exchange tokenâor, at least, the powerful creator behind it who, in his own words, âshills BNB from time to time.â
How I use Twitter
I seek and provide positive energyI block negativity/annoyanceI be myself, a normal guy, nothing fancyI interact with our supportive communityI retweet when you shill @binanceI shill #BNB once in a while
I thank my 300k followers. pic.twitter.com/V7iuTfRYkK
â CZ Binance (@cz_binance) March 16, 2019
On first glance, a token that incentivizes reduced fees and a few perks to its holders isnât all that exciting. But throw in the launch of the mighty DEX Binance Chain, major IEOs on the Binance Launchpad, and the social media presence of Changpeng Zhao and, well, itâs hardly surprising that Binance Coin is one of the major contenders in this new bull run.
BNB is now up 303 percent from this time last year. Nice work, @cz_binance, can you retweet this post?
4. Holo (HOT)
Holo (HOT) 00 seems just a little obnoxious at first. After all, another blockchain company claiming that the internet is broken is hardly a revelation.
Itâs so perfectly âdecentralizedâ that scaling isnât an issue and, in fact, the company claims its technology is so sophisticated that it doesnât consider itself an actual blockchain, but rather, a distributed cloud run by its users.
However, hats off to the persistent team whose supporters include Mozilla and Deloitte; itâs certainly finding its audience. HOT cryptocurrency, true to its name, is up by a whopping 188 percent since this time last year.
5. Basic Attention Token (BAT)
Is it the awesome name showing that the company understands the human attention span is now significantly shorter than that of a goldfish that made BAT soar some 173 percent in a year? Or is it a listing on Coinbase? Blockchain-based digital advertising is riveting in itself, but being exceptionally easy to get hold of canât hurt either.
Whatever your feelings about the above altcoins, the facts remain: if their winning streaks are anything to go by, âatlseasonâ is already here.
In fact, this kind of progress goes to show the real necessity of a bear market after all. It flushes out failing and uncompetitive projects, allowing companies with serious promise to rise above the rest.
Does the stellar performance of these altcoins suggest altseason is upon us? Share your thoughts below!
Images via Shutterstock
Disclaimer
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.