When month-to-month market efficiency, 2018 was the bloodiest yr within the historical past of the cryptocurrency markets. Of the seven largest cryptocurrencies by market cap, solely three have been in a position to produce greater than two inexperienced month-to-month candles throughout 2018.
Additionally Learn: Bitblock Publishes Alternative Valuation Model That Suggests BTC Is Underpriced
BTC and ETH Produce Most Purple Month-to-month Candles in Calendar 12 months Ever
In 2018, bitcoin core (BTC) noticed probably the most purple month-to-month candles in its historical past, posting three inexperienced and 9 purple month-to-month candles all year long. BTC gained 2% through the month of February, 33% April, and 21% July. The worth of BTC fell by roughly 73% throughout 2018, opening the yr buying and selling for $13,900 and shutting 2018 at roughly $3,700.
Primarily based on month-to-month efficiency, the second most-bloody yr in BTC’s historical past was 2014, throughout which BTC posted 4 inexperienced and eight purple month-to-month candles. In 2014, BTC fell by 56% from $730 to $320.
ETH additionally posted its poorest annual efficiency throughout 2018 with three inexperienced and 9 purple month-to-month candles. The worth of ETH gained 53% in January, practically 75% in April, and 19% in December of final yr. General, ETH shed practically 82% of its worth throughout 2018, falling from roughly $735 to begin 2019 buying and selling for $135.
XLM Posts Strongest Month-to-month Efficiency of Prime Markets
Stellar (XLM) was the strongest performing cryptocurrency of 2018 when counting inexperienced candles, posting 4 inexperienced and eight purple candles throughout final yr. XLM began 2018 with a acquire of 53% in January, earlier than gaining 103% in April, 44% throughout July, and 17% in September.
Regardless of performing higher than many different crypto belongings throughout 2018, XLM posted its worst performing yr on file. XLM misplaced 67% throughout final yr, opening 2018 at $0.35 and shutting the yr under $0.12.
BCH, XRP, EOS, and LTC Publish Simply Two Inexperienced Month-to-month Candles Throughout 2018
BCH posted inexperienced months throughout April and July of 2018, throughout which it gained 97% and fewer than 4% respectively. General, BCH shed roughly 94% of its worth final yr, buying and selling for practically $2,400 firstly of January and shutting the yr at roughly $150.
XRP’s sole inexperienced months for the yr have been April and September, which noticed month-to-month good points of 66% and 74%. XRP posted an annual lack of 82%, falling from practically $1.97 to finish 2018 buying and selling for $0.36.
EOS noticed bullish motion throughout January and April of final yr, throughout which the market posted good points of 59% and 195% respectively. EOS dropped by 78% throughout 2018, sliding from $12.17 to shut the yr at $2.62.
LTC Produces Second-Most Bearish 12 months on File
Throughout 2018, LTC posted modest month-to-month worth good points in February and April, with LTC rising by 23% and 28%. General, LTC fell by 86% final yr.
Regardless of the heavy losses, 2018 comprised LTC’s second most-bearish yr on file. Throughout 2014, LTC fell 88% from roughly $23.80 to $2.75, and solely posted a single inexperienced month-to-month candle.
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