Looking back on the 2019 altcoin market
December 2019 has come to an end. Like each month, our team analyses what happened to Bitcoin and the altcoin market. Unfortunately, the year did not end well at all. Although Bitcoin moved sideways (-1.84%), altcoins performed very poorly. In total 88% of all altcoins decreased in dollar value (-13.87% on average).
In the graph above we show you the average altcoin performance month by month over 2019. Especially the months between April and September have been ab-so-lu-te-ly savage.
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Noticeable gainers this month were $WAVES (+72.67%) , $TOMO (+66.38%), $ZEN (+61.71%), $ENJ (+36.39%), and $INS (+32.56%). Biggest losers were $FET (-36.37%), $CHZ (-36.71%), $MATIC (-50.53%), $DATA (-51.72%), and $HBAR (-57.76%).
Let’s hope that 2020 will be a better year for us, making an end to the longest bear market crypto has seen. Did you know that there is a way to get an additional 20% discount on your Binance fees? Check out our guide where we explain how to enable this on your account.
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