Top Cryptocurrencies in March 2018
March and the time of holiday rest is over, but how much has happened this month. The situation on the global market also has not been pampered - the prices of most crypts with Bitcoin are falling more and more. So how did cryptocurrencies cope in March?
Verge did the best, but that does not mean that the result can be satisfying. The winner can therefore "boast" the result of -26%. The second place went to EOS with a decrease of -28%, while the third place went to TRON with a result of -30%. Bitcoin was ranked just behind the podium with a result of -35%.
Although Bitcoin has not deepened its minimum since the last ATH, however, the next holes establish the market capitalization, regardless of whether we count Bitcoin or examine the same altcoins. On the first of April, the second hole was established after the ATH crack at the level of about $ 6,400, after which the reflection took place. However, is it only a momentary rebound or the introduction to major increases will turn out to be a retrospective. The market capitalization of the entire market is "only" $ 275 billion, while during the previous minimum on Bitcoin ($ 6,000 Bitfinex) was $ 340 billion.
A special escape can be seen on the altcoins. The recorders lost nearly 90% from the last summit, for example NEM or Cardano. While capital generally escapes from the market, people evacuating from altcoins do not always choose FIAT money, but sometimes Bitcoin. This may be one of the reasons for the rather dramatic situation of most projects. It is worth noting, however, that these are still very high levels compared to the beginnings of the bubble a year ago. For comparison, DASH currently costs around $ 300, and a year ago only $ 50, but it's nothing compared to NEO: $ 0.19 at the beginning of April 2017 and over $ 50 today. Although the declines were big, it is still "what to fall from"
Important events in April:
-G20 positively on cryptocurrencies
-The trustee sells Bitcoins by Mt.Gox
-European Commission: The extraction of cryptocurrencies is legal
-Binance moves to Malta
-The first product based on the Lightning Network
-Google and Twitter against cryptocurrencies (block ads fake crypto)
-Poloniex taken over by Circle
Source: Bithub.pl