Unlike in 2018, when cryptocurrencies showed a fall several times, especially in autumn and winter, in 2019 they significantly increased in price overtaking the traditional tools for investment in the interest of investors.
While Dow Jones, S & P and Nasdaq sharеs rose over the past 5 months from the beginning of the year by 10%, 13% and 15% respectively, while oil was a little bit more than 29%, some cryptocurrencies rose 450% during the same time.
In 2018, cryptocurrency enthusiasts were upset that they could buy cheaper cryptocurrency after it dropped significantly in price in September and lasted so virtually unchanged until the end of the year. It was a year of calm and low income from investments in cryptographic instruments.
However, already at the beginning of this year, the business of cryptoinvestors went up, thanks to the steady growth of coins all the first 5 months. Traditional investments such figures only dream of. Precious metals, unlike stocks and oil, in general, almost did not budge.
By the end of May, the market capitalization of all cryptocurrencies was about $ 250 billion. Of the more than 2,000 digital currencies, BNB is the leader in terms of growth for 5 months, which has shown 450% since the beginning of the year, followed by Litecoin with almost 266%, followed by Tezos (XTZ) – 260%, BCH increased by 186%; EOS closes the top five with a little over 168% growth since the the year starts.
Overall, the crypto assets in 2019 economy is growing at 118% with 500% daily trading. In May, the daily trading volume of cryptocurrency reached 100 billion dollars, without crossing the lower threshold of 40 billion dollars a day.
This means that compared to the first year there is a huge trade, that the volume increased by as much as 558%. BTC started the year with $ 3,746, and today’s prices reached $ 8,724 per coin, while continuing to hold the price above $ 8500 per coin. BTC as the first and main cryptocurrency continues to be an indicator of changes in the cryptocurrency market.
By today’s estimates, the crypto assets in 2019 is 273 billion dollars, such indicators have left far behind traditional investment instruments. Among all digital currencies, BTC ranks sixth, showing an increase of 132%. To date, it has reached a value of more than 8700 dollars
After pessimism in the second half of 2018 with respect to the digital currency market, the beginning of this year generated a new wave of enthusiasm and returned optimism among investors.
Despite the high volatility of cryptocurrencies, they continue to excite increased interest from investors. Probably this is not the last such fluctuation with the movement first to the bottom, and then steady and powerful growth of several hundred percent over several months. The cryptocurrency market continues to evolve.