Top Performing Cryptocurrencies This Year

The year 2018 is proving to be one of the worst years for cryptocurrencies in general, with the total market value of cryptocurrencies falling from $834 billion as at January 2018 to an all-time low of $273 billion as at February. Just in the month of January, Bitcoin lost over 25% and recently there has been certain regulatory scrutiny that the network has faced. During the week of March 26th, 2018, the general cryptocurrency market had a rough as Bitcoin and major altcoins experienced a drastic fall in price. Although the year has been bad, we cannot outrightly say that certain cryptocurrencies have not impressed.

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This article will discuss the top performing cryptocurrency platforms for the first quarter of the year 2018. These cryptos include :

Vechain
At the beginning of the year 2018, this crypto was valued at $2.2000 but it shocked all crypto enthusiasts' as the price of the crypto soared to an all-time high of $9.7900 as at January 22nd 2018. Although, this crypto has experienced a fall in price the fall was also a milestone for the crypto platform as it was valued at $6.4320. This is a 160% increase from what it was valued previously and this milestone makes it the most performing cryptocurrency platform for the year 2018. With a total market capitalization of $3 billion, this crypto happens to be the 16th largest crypto in the world.

The increasing value of this token is as a result of its importance to the supply chain industry as it provides them with an advanced blockchain technology that enhances the overall supply chain process. Also, this platform is being used by dozens of Chinese based companies that are into the supply and shipping of goods across countries.

NEO
As at January 1st, 2018, NEO tokens were valued at $75.02 and in less than 14 days the price of the token soared to a whopping $193.20. Although, like other cryptocurrencies, the value of NEO has dropped it still happens to be one of the best cryptocurrency gainers for the first quarter of the year. Presently NEO is valued at $125 which is a 64% increase from its value at the beginning of the year. With a market capital value of $8.3 billion, the crypto is ranked the 8th largest in the world.

This cryptocurrency experienced this impressive feat because it was dubbed the Chinese Ethereum and like Ethereum it offers users the opportunity to develop and launch decentralized applications on it network.

Lisk
As at January 1st 2018, this crypto was trading at $22.02 and currently it is trading at $25 which is a 20% increase from its previous price. With a market capital value of $2.6 billion, the crypto is ranked the 17th largest in the world. This platform provides individuals with decentralized applications which can be used to solve certain problems.

The first quarter of 2018 has gone and more cryptocurrencies are still struggling to gain at least 1% of what they were trading last year.