Fourteen Top Cryptocurrencies Are Up Over 40% in the Last MonthBy Jack Filiba
The cryptocurrency industry has been through a lot since the temporary high that digital assets like Bitcoin and Ethereum experienced in late 2017. As a result of these currencies plummeting from their all-time highs, many investors say the industry is in a bear market.
In spite of this, February of this year was a bright spot for many digital assets. While leading cryptocurrencies have not reclaimed their December 2017 prices, many have shown exponential growth in the short term. Over the last month, 14 different digital assets increased in value by as much as 40% or more.
Many cryptocurrencies enjoyed short-term gains over the past month
According to the Messari.io’s digital asset tracker, over a dozen digital assets increased by at least 40% over the last 30 days. In order to interpret this information, we specifically considered the assets that Messari lists as being in the top 100 by market cap.
The biggest winners this past month were EOS, Litecoin (LTC), Binance Coin (BNB), Ontology (ONT), Maker (MKR), Ravencoin (RVN), Basic Attention Token (BAT), Icon (ICX), Theta Token (THETA), QASH (QASH), Storj (STORJ), Nexo (NEXO), Enjin Coin (ENJ), and Loom Network (LOOM).
Of these, the currency with the largest market cap is EOS. It currently ranks fourth according to both Messari and CoinMarketCap’s rankings. As of March 4 at 9 am UTC, EOS’ 30-day change is +41.37%.
Overall, Messari says that EOS is up 112% from its all-time low around 3 months ago, and down 86% from its all-time high 10 months ago.
The digital asset that gained the most in the past month was Enjin Coin (ENJ), which increased over 175%. The asset is down 84% from its all-time high around a year ago. In contrast, it is up 257% from its lowest price.
At least 30 of 100 top cryptocurrencies are up over 15%
While 14 different digital assets experienced significant price increases relative to the US dollar in the past month, they were not the month’s only winners. Many other cryptocurrencies experienced smaller, yet still impactful, short-term price increases.
In fact, at least 16 of the top 100 cryptocurrencies that Messari ranks by market cap increased between 15 to 40% in the last 30 days.
Of these, the cryptocurrency with the largest market cap is Ethereum (ETH), which currently ranks second by this metric. The asset is down 91% since its all-time high over a year ago, but its price increased around 18% in the past month. Overall, ETH increased 55% since its lowest value around 3 months ago.