Since the beginning of this last half of the year, many analysts have predicted big rises and possible lows by the end of the year. Those who bet on the devaluation got it right, but that devaluation despite reaching the entire cryptocurrency market did not affect all cryptocurrencies. There were cryptocurrencies that provided big profits for investors. Read below which cryptocurrencies were successes and also the failures of last semester.
Centrality (CENNZ): 824.48%
You may not remember Centrality, but he was well known at the time of his ICO when he was able to raise another $ 100 million in just six minutes in January 2018. Centrality is a New Zealand-based startup that was created with in order to build a dApp market where blockchain projects can communicate and help each other.
Well it’s been almost two years and the platform hasn’t been launched yet. But the platform is not idle, in October, Centrality launched a betting and referral program, which caused a quick interest in the platform. It’s hard to say how genuine these trading volumes are, the platform doesn’t have a platform product yet and it could affect the future of CENNZ cryptocurrency that could fall back.
Synthetix (SNX): 158.5%
The Synthetix platform is a blockchain solution that allows you to trade cryptocurrencies, commodities, indices etc. through the so-called “synthetic assets”. On October 16, an SNX investor discovered a particular wallet address receiving too many SNX tokens.
Surprisingly, the portfolio belonged to Andreessen Horowitz venture company. There has not yet been an official confirmation from the company. SNX appreciated by over 1700% in 2019, but the platform – although operational – is nowhere near the end.
VeChain Thor (VET): 79.8%
VET gained strong appreciation following the announcement that its CEO, Sunny Lu, will be the keynote speaker at CoinMarketCap’s first global conference to be held in Singapore. This certainly secured a lot of international exposure for cryptocurrency to those who didn’t know about cryptocurrency projects. VeChain is a cryptocurrency that has its own blockchain designed to manage supply chains and already has Walmart and BMW among its partners.
Cosmos (ATOM): 75.9%
Cosmos is a company that is building a blockchain interoperability protocol called IBC. ATOM, the company’s token has recently been added for free to the list of available cryptocurrencies for binance US transactions. Another recent appreciation was in September, when Global Binance was considering adding cryptocurrency among many others. It is important to highlight that for the Cosmos project I can continue its growth it needs new updates for the project.
Ox (ZRX): 62%
The decentralized exchange protocol Ox has released two major updates this past semester, which positively affected the price of cryptocurrency.
One such update was the release of OpenZKP, an open source protocol that allows contracting parties to verify data without revealing it.
The second major upgrade of the platform was the integration with the Augur platform, the partnership apparently will allow a connection from the standard cryptocurrency market to the forecast markets. This connection looks promising and may be a major factor in increasing market confidence in ZRX cryptocurrency.
It is worth noting that the rise and fall of the Bitcoin price is not as bad for the first cryptocurrency as it has been for the other altcoins, holdar altcoins is much more damaging than holdco Bitcoin. The recent devaluation of the first cryptocurrency has been due to increasing selling pressure from large individual cryptocurrency sales, such as the mining company that sold $ 17 million in BTC on November 20 and Plustoken’s massive sale of Bitcoins. Among the main fundamental reasons for falling prices for the first cryptocurrency is China’s anti-cryptocurrency battle.
There was a strong appreciation in late October, when Bitcoin rebounded and rose more than $ 2000 in just a few hours following Xi Jinping’s pro-blockchain statements. However, hopes were dashed when the Chinese president again attacked the cryptocurrencies on November 19.
Bitcoin Gold (BTG): -43.87%
After a few times in September it was a better investment than BTC, BTG took a strong dive and devalued sharply.
Bitcoin’s ASIC mining-resistant hard fork once occupied the top 5 of cryptocurrencies, but is now in 45th place. According to the cryptocurrency developers, this is because Bitcoin Gold has never paid any exchanges for listings or for paying media portals for coverage.
Ethereum Classic (ETC): -38.4%
The first half of 2019 was good for ETC cryptocurrency, but for the last 5 months it was bad for cryptocurrency. In a fundamental analysis, cryptocurrency showed nothing new, the developer team left the project in December 2018 and this drastically affected new updates and news for cryptocurrency. On the other hand, if Ethereum developers actually implement the ProgPOW anti-ASIC consensus algorithm, ASIC miners could switch to Ethereum Classic.
Zcash (ZEC): -38.23%
Zcash cryptocurrency managed to remain uptrend for 10 days longer than Bitcoin in late June, but in the end the devaluation that plagued cryptocurrency was worse than that suffered by Bitcoin, generally privacy-oriented cryptocurrency. has devalued more than 66% in the last 12 months. The situation worsened in August, when ZEC was excluded by Coinbase UK. Zcash allows users to “hide the details of their operations, which is not well regarded by regulators.