- Tezos (XTZ) records about 200 percent gains this year
- Chainlink is the top-performing digital currency for 2019
Tezos News Today – Since the beginning of this year, the digital currency market has seen a considerable amount of financial volatility. For instance, in January, the valuation of the entire crypto market was around $130 billion. Nevertheless, that value surged to a whopping $373 billion in July this year. After that period, the total market cap experienced a heavy downtrend and plunged to under the $200 billion mark.
At press time, the valuation of the entire crypto market is $193 billion. However, a few digital currencies maintained a strong financial standing all through the year. They were able to amass considerable levels of gains and even outperformed Bitcoin (BTC), the world’s largest digital currency by market cap. Here are some of the top-performing cryptos for the year.
Tezos (XTZ) performance this year
Tezos (XTZ) is one of the top-performing digital currencies in the crypto market. Tezos is a decentralized computing platform that uses a formal verification protocol and a Proof of Stake consensus module for its internal governance-related matters. Tezos holders that stake their XTZ tokens are eligible to receive additional tokens as an incentive for verifying and creating blocks.
Regarding the financial performance of the coin, XTZ started the year around at the 47 cents mark. nevertheless, by the end of the first quarter of the year, the price of the digital currency surged to $1.06. The performance of Tezos (XTZ) continued to increase between April and June. The price of the digital currency surged to a high of $1.88 on May 19.
In the third quarter of the year, the price of the digital currency continued to hover around the $1 and $1.2 range. Nevertheless, since the beginning of this month, the digital currency has picked up momentum once again, and it is currently trading at $1.51. Tezos has also found its way to the top ten cryptos by market cap. XTZ is now the tenth-largest digital currency by market cap. Since the beginning of this year, the price of Tezos is up by about 200 percent.
Chainlink had a better year
Another great performer in the market is Chainlink. Chainlink is the best performing digital currency of this year. In a period of five months, the price of Chainlink has surged from 31 cents to 45 cents. Nevertheless, by the first week of July, the price of LINK surged to a high of $3.74. In all, the price of LINK against the USD is up by more than 500 percent since the beginning of this year. Whereas, the LINK/BTC pair is up by more than 300 percent since the beginning of this 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.
