Twenty nineteen was a long and arduous year for the cryptocurrency industry with various events occurring in different parts of the space. One of the main occurrences over the past year was that the prices had failed to close at a high towards the end, prompting users to HODL and wait it out in 2020. Despite the bear market and its effect on the face value prices of many cryptocurrencies, their Return on Investment [ROI] has been significant.
Charlie Bilello, the Founder and CEO of Compound Capital Advisors recently pointed out that the assets with the biggest gains and holder benefits were some of the uncommon ones. The cryptocurrency that came out on top with the maximum returns was Chainlink at a whopping 506 percent positive dividend.
At press time, Chainlink was trading for $1.81 after a 0.15 percent after a 0.15 percent hike in the 24-hour spectrum. In 2019, the highest that Chainlink traded for was $4.12 after which the cryptocurrency never saw such zeniths again. The 18th ranked cryptocurrency was linked with several projects as the talisman mode of payment but that has yet to come to fruition.
Tezos was the asset that gave the second most returns in the last calendar year, with holders receiving a 192 percent increase on their initial investments. Tezos peaked at $1.77 in 2019, a figure that was almost beaten in December when the cryptocurrency traded for $1.69. This climb came on the back of a 27 percent price hike at a time when Bitcoin was trying to breach the $7500 barrier. Currently, the 11th ranked cryptocurrency which had surprisingly beaten the likes of Tron was trading for $1.3 after a 3.52 percent depreciation in value.
The Changpeng Zhao led Binance Coin was the last cryptocurrency on the podium after providing returns of 124 percent in 2019. The figures hardly came as a surprise to members of the cryptocurrency industry as the cryptocurrency had remained one of the best performers throughout the annual year. CZ even claimed that over 180 fiat currencies were ready to be launched in 2020 as the company debuted its Euro pairs on January 3. Binance users will be able to trade EU against Bitcoin, Ethereum, XRP and Binance Coin.
Bitcoin rounded up the top 4 of the list with a 92 percent return rate in 2019. The world’s largest cryptocurrency had recorded a high rate thanks to its stellar performance at the start of the year. Since Bitcoin had almost hit the $13,000 mark last year, the asset has struggled to get back up to its former glory. Bitcoin’s return rate was still enough to beat those of Litecoin, Bitcoin Cash and Bitcoin SV.
In the Cryptocurrency industry cryptocurrencies such as Tron, XRP and Stellar were the worst performers in the top 10 club, recording negative ROIs of 27 percent, 46 percent and 59 percent respectively.