The crypto market has been starting to pick up since the brutality witnessed in 2018. Ever since it was noted that the crypto winter was behind us, the giant crypto, Bitcoin [BTC] has been continuously on the rise, with some minor stumbles in between.
A previous post explaining on ChainLink, Binance Coin and Litecoin’s massive gains attained among others was reported by Bitcoin Exchange Guide [BEG]. This time, more emphasis will be placed on native tokens belonging to their respective crypto exchanges, and believe it or not, most of them have exceeded BTC’s performance this year.
As reported by news outlet, Long Hash, Binance Coin [BNB], KuCoin Shares [KCS] and Huobi Token [HT] have since made gains of 379, 142 and 292 percent respectively. This being said, the question now becomes, ‘what factors have contributed to attaining said gains?’
One of the conveyed factors includes rewards (either in the form of discounted or dividend-based transaction fees) trusts the news outlet. As for the similarities between BNB and HT, they supposedly rest in the exchange’s native token burnings and opportunities to traders that introduce them to possible token offerings.
This is surely to leave many wondering which tokens are going to be the stars of 2019. While one’s immediate thought might be BTC, it seems like there are many altcoins outshining the giant on the sidelines without being noticed! What are your overall thoughts for year-end 2019? Which token(s) will have been profitable by then? Let us know in the comments below.
[Author Alert] The author’s opinions above are solely based on their own self-conducted research. Assume any and all authors are using, holding, trading and/or buying cryptoassets mentioned as a portion of his or her financial portfolio. Use information at your own risk, do you own research, never invest more than you are willing to lose.
This article is Originally posted on CoinCentral.com
Author: Nirmala Velupillai