Stellar News Today – Headlines for November 29

  • Stellar and Ripple lead the list of the worst performing digital assets for the year
  • Rest of the crypto market see slight signs of recovery over the year

Stellar News Today – It is that time of the year when the performance of digital currencies is analyzed. This time there are no surprises on the list as assets like XRP and Stellar lead the way. According to the report, altcoins like XRP, Tron, Stellar, and Cardano are among the worst-performing cryptos for the year (year-to-date). This happened in a year when the entire market including the leader, Bitcoin made up for what was lost during the extended bear season.

Stellar (XLM) Price Today – XLM / USD

NamePrice
bitcoin
Bitcoin
$7,169.20-0.56%
stellar
Stellar
$0.0530.157%

In most cases, altcoins are down by 99% from their ATH positions. A fund that comprises of BTC and others is still down by 81% from a January 2018 initial investment. Deflation has almost decimated the altcoin market. It took the price of BTC from $20,000 to $3,100 before it rebounded to $14,000 this year in what was described as a parabolic rally.

Even though Bitcoin made up lost ground this year, it didn’t manage to set a new ATH. The coin is now trading at half of the price it was at its peak point this year. Despite this, BTC tops the list of the best performing tokens for this year after posting a 92% return on investment.

Rest of Market Shows Meager Price Improvements          

The list of the worst-performing assets comprises of altcoins that were hyped and tagged as the next big thing, ready to take the crypto space by storm. Those promises have turned out to be broken dreams as many of the tokens from the bull-run are down by 80% from their ATH with an awful 2019. Litecoin, Bitcoin Cash, Monero, and Ethereum, posted small gains. But they failed to come close to their all-time high positions.

Ether, the second largest crypto by market cap, which was among hyped coins, only recovered 7% through the year. The number three cryptocurrency Ripple is among the market’s worst-performing crypto. The list shows that the number one worst performing altcoin is Stellar.

Stellar didn’t perform impressively as it dropped another 50% of its value throughout this year. The coin even burnt half of its supply yet it failed to revive interest in the crypto space. XRP is number two having struggled all year despite mass adoption and partnerships. This means XRP has set a new low this year by falling by as much as 39% through the year.

 

Princess Ogono is a writer, lawyer and fitness enthusiast. She believes cryptocurrencies are the future. When she's not writing, she spends time with her adorable cat, Ginger and works out often.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.