- Bitcoin sets a new all-time high but isn’t among the best performer of 2020
- Smaller altcoins outshine the top 10 biggest cryptocurrencies
- Game Stars (GST) rose by an astronomic 69,000 percent in 12 months
This year has been a crazy one, to say the least, governments around the world are still reeling from the economic effects imposed by the Covid-19 pandemic. Despite the economic challenges, digital currency markets have climbed soared all year long.
Explosive Growth for Cryptos in 2020
In November, we saw Bitcoins rise to its 3 years long all-time high. The move gathered a lot of attention. Even bigger attention followed when the pioneer crypto broke through to set a new all-time high of $28,288.
Even though Bitcoin holds the position as the biggest and pioneer cryptocurrency, it is not the top-performing crypto of the year. Many other digital assets out-performed not only Bitcoin but the cryptos that make up the list of the 10 biggest cryptocurrencies. Here are the unsung heroes of the year 2020.
1. Game Stars (GST)
Game Stars leads the way for the best performing crypto in 2020. Game Stars is an Ethereum-based multifunctional blockchain-based gaming platform, where players can raise funds for their professional development.
Over the last 12 months, the altcoin has risen by 69,000 percent against the US dollar. Its rise can be linked to the problem it solves for gamers.
Zap is another top performing crypto, rising by over 6,500 percent in the last 12 months. Zap combines the Ethereum ecosystem and the Web 3.0 paradigm to enable developers to construct Dapps.
Zap is building a global, decentralized data marketplace and populating it with unique incentivization tools, empowering anyone to begin monetizing their data. Zap currently trades at $0.1 compared to the $0.001676 it traded in January.
On the Flip Side
- Although the leading cryptocurrencies have not risen metaphorically in 2020, they have recorded substantial growth.
- Chainlink (LINK) is up by over 600 percent. The 7th largest crypto now trades at $11.5 per unit.
- Cardano (ADA) has jumped by over 550 percent. At the start of the year, ADA exchanged hands at $0.03 per unit. Now the coin trades at $0.18
- Conversely, some cryptos have performed poorly in 2020, losing over 90 percent in the last 12 months. Among those include ALEPH (99 percent) and Covesting, COV (97 percent)
3. Auctus (AUC)
Auctus is a decentralized options protocol that allows users to mint call, put, and trade options in a trustless and decentralized manner without having to rely on any third party.
In the last 12 months, AUC has risen over 5,800 percent. In January, the AUC traded at $0.00192 but now, it trades at $0.131.
4. Aave (AAVE)
AAVE’s plus 5,200 percent rise in the last 12 months makes it the fourth top-performer. Aave now has a market cap of $925 million which makes it the 33rd largest crypto. Aave is a decentralized money lending platform where users borrow cryptocurrency across 20 different assets as collateral.
5. StarChain (STC)
StarChain is a matrix-based product that enables mutual visits and sharing of creative and intellectual content. StarChain has risen by over 300 percent in the last 30 days, and by 3,700 percent since the start of January.
A Year of Growth for Cryptos
Although Bitcoin doesn’t top the charts for the top performers, it leads the way in market capitalization. Bitcoin’s market cap has grown by over 170 percent since the start of 2020. Bitcoin now has a market capitalization of over $500 billion.
Similarly, Ethereum records a whopping 570 percent increase in its market cap from $14.3 million to over $83 million. This means that the price of cryptos did not just rise in 2020, but that the value and use rose alongside.