Bitcoin is now 15% higher than a year ago for the first time in many months. Meaning anyone who has held for a year has made more than the 8% average expected from the stock market.
Moreover, bitcoin is the only top crypto that is now in profit for yearly holders. Eth is still 50% lower than a year ago.
XRP has done twice better than eth, while LTC has beaten both. Even eos has done better than eth, as has TRX just about. BCH is the worst performer.
Over a six months timeline, the picture is quite different. There’s a lot of green here. Only Stellar’s XLM is down.
Anyone who bought any of the top cryptos in the past six months should be very happy as Bitcoin has more than doubled. Eth has doubled and a half. XRP has done pretty badly by comparison. While litecoin has tripled.
Why has litecoin tripled? Well, it takes the same approach as bitcoin in regards to scaling with segwit and all the rest. So when fees get high in btc, maxis use litecoin.
The real answer is probably because it was its turn to make some gains, in part because litecoin had a halvening.
While for the past three months BCH was the biggest winner, ignoring BNB as that’s more of a token rather than a crypto.
Eth is again being beaten by everyone, except XRP. The coin had pretty high inflation until recently, with it coming in line only this March. Down from 7% to circa 4%, same as BTC/BCH.
So then when we look at the monthly, eth finally has its day, just about. Not by much.
Even USDT is up in the past month. Some reds, but a lot more green with the top cryptos gaining more than 50%.
Overall, it looks like the big theme here is that bitcoin is leading both up and down.
Usually when bitcoin goes up, other cryptos go up more and vice versa. This time it looks like bitcoin has gone up the most on the yearly.
It is still 50% down from all time high, but it is less down than any other, with bitcoin continuing to dominate in price action.