Bitcoin Is Up 32%+ in the Last 30 Days, but 127 Out of 165 Cryptocurrencies Are Down
Bitcoin, for the most part, has enjoyed a recent upswing in its price. As a result, the currency is up significantly over the last 30 days. At the time of our snapshot on May 17, 2019, Bitcoin’s price in USD increased more than 32% in one month.
This time last week, Bitcoin was up around 19% over the same period of time, according to information sourced from Messari.io. Despite Bitcoin’s recent positive performance, especially during the last week, the asset is somewhat of an outlier. Only 21 out of 166 digital assets are up 10% or more in the last 30 days.
Ethereum boasted the strongest 30-day ROI of any top ten cryptocurrency
As our chart shows, 20 cryptocurrencies landed in the same category as Bitcoin at the time of our snapshot. This category is defined by currencies that experienced a price increase of 10% or more during the last 30 days.
Of these assets, Ethereum stands out for a couple of key reasons. It is currently the second-largest cryptocurrency by market cap, and experienced the highest ROI of any top ten digital asset during this time period. Ether’s price in USD increased nearly 41% in 30 days.
Of the current top ten cryptocurrencies by market cap, Bitcoin is the only asset anywhere near Ether’s ROI. In the last 30 days, XRP increased by 13%, Bitcoin Cash increased by 16%, Litecoin increased by 8%, EOS increased by 8%, Binance Coin increased by 19%, Stellar increased by 1%, Cardano fell 9%, and TRON fell 7% against the U.S. dollar.
28 assets fell less than 10% in the last 30 days. Ninety-nine fell 10% or more
Despite the recent victories of Bitcoin, Ethereum, and a few other cryptocurrencies, the majority of digital assets are not faring as well. While this is to be expected in a landscape filled with a seemingly endless supply of projects, even some readily recognizable coins have performed poorly when it comes to their 30-day ROI.
For example, Nano, NEO, OmiseGO, Maker, Dogecoin, ICON, Lisk, and Bytecoin all experienced a price decrease between 0.3 and 9.9% in the last 30 days. On our chart, the 28 assets that landed in this category are marked in blue.
99 assets, on the other hand, were down 10% or more during this same period of time. These entries are marked in yellow on the chart.
Some immediately recognizable assets that fell under this category include 0x (-11%), Golem (-11%), Loom (-12%), Waltonchain (-13%), DigiByte (-14%), Bitcoin Diamond (-15%), Enjin Coin (-22%), Steem (-22%), Loopring (-25%), Request Network (-27%), Polymath (-27%), and several others.