The cryptocurrency market has been on a roll in the past month as altcoins showed signs to start an all-season as every top crypto gained handsomely over the last seven days. According to data on Coingecko data, a number of altcoins outperformed Bitcoin in this period, as bulls look forward to a sustained uptrend heading into Bitcoin halving period. As January comes to an end, closing out the first month of 2020, we look back at the best performing cryptocurrencies<\/p>\n
As liquidity is a key metric to look at when trading cryptocurrencies we narrowed the list to include only the top 30 coins in liquidity. The five best-performing coins in the past week include Ethereum Classic (ETC), Bitcoin SV (BSV), Dash (DASH), ZCash (ZEC) and Litecoin (LTC), which saw a 20% gain in the past 48 hours.<\/p>\n
Across the top 10 coins by market cap, Litecoin (LTC) is the best performer in the past 48 hours as the seventh largest coin touched key resistance at $70 after a sharp 20% increase in price in a day. The price of LTC has since dipped slightly to $67.00 USD, as at time of writing, easing the bulls pressure as near term indicators indicate a reversal before buying continues.<\/p>\n
The sharp spike in LTCs price in the past 24 hours has seen the Bitcoin-lite token record a 62.5% soar in the past month.<\/p>\n
The 25th largest coin in market capitalization, ZCash (ZEC), a privacy enabled cryptocurrency, enters the list in the fourth position after a 132% spike in price in the past month. The price of ZEC stands at $63.54, representing a 6.7% drop in the past 24 hours, as the community voted to distribute 20% of the mining reward on to an infrastructure development fund.<\/p>\n
The privacy coin is ending its two-year downturn similar to many altcoins and a spike to $80 USD resistance area is looking very much alive.<\/p>\n
What was once considered a dead fork of Ethereum is alive and kicking once again after a successful month of January 2020. The month started off with a successful Agartha hard fork on the blockchain boosting the original Ethereum by 145% in the past month.<\/p>\n
ETC currently trades at $10.99 USD, representing 8% decrease over the past 24 hours. The cryptos hashrate recently hit an all-time as the coin hit $12 USD.<\/p>\n
In second place enters Digital Cash, aka Dash, which has broken the charts in the past fortnight as the price spike over 180% in the past month. Over the past month Dash has witnessed increased adoption rates in South America and Latin America; Mexico ATMs have accepted Dash withdrawals in over 11,000 locations across the country. The demand for Dash is set to boost further as the privacy-enabled crypto continues to show positive reviews in economically straining countries.<\/p>\n
As at time of writing, Dash trades at $115.35 USD, representing a slight 6.2% drop in the last 24 hours.<\/p>\n
The most Impressive altcoin in January 2020 has to be Bitcoin SV (BSV), which hit an all-time high of $438 USD around 17 days ago. The Bitcoin hard fork is currently trading at 271 USD across the major exchanges, representing a 181% spike in the past month.<\/p>\n
The spike in Bitcoin SV price was heavily linked to Craig Wrights Tulip III paper which was expected to provide proof that he is Satoshi, creator of Bitcoin.<\/p>\n
With the number of altcoins registering triple-digit gains at a high, an altcoin season looks very possible by the end of 2020.<\/p>\n
Summary<\/p>\n
Article Name<\/p>\n
Top 5 Performing Cryptocurrency In Jan 2020: Ethereum Classic (ETC), Litecoin (LTC), Bitcoin SV (BSV), And More<\/p>\n
Description<\/p>\n
As January comes to an end, closing out the first month of 2020, we look back at the best performing cryptocurrencies<\/p>\n
Author<\/p>\n
Lujan Odera<\/p>\n
Publisher Name<\/p>\n
Coingape<\/p>\n
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