Crypto Market Sees A Good Start to 2020, Here Are Some Top Performing Cryptocurrencies

20. Jan 2020 Posted by Akolkar B on News

Well, it’s just 20 days since the start of this year 2020, and it might be too early to comment anything at this point, but one thing is for sure, the crypto market has kickstarted this new year with a shot of optimism.

Bitcoin and many other cryptocurrencies have kicked-off 2020 on a positive note while keeping investors’ hopes alive and indicating some better show ahead.

The overall cryptocurrency market cap has surged over 20% in the last 20 days moving from $191 billion to now above $237 billion.

Bitcoin, which ended its 2019 run with nearly 100% returns, has shown good momentum in 2020 as well. So far, the BTC price has surged by 20% since January 1st. At press time, Bitcoin is trading at around $8600 with a market cap of $155 billion.

Needless, to say Bitcoin still dominates the crypto market movements by a huge margin in comparison to other cryptocurrencies. At present, Bitcoin alone contributes nearly 67% to the overall cryptocurrency market cap.

The world's second-largest cryptocurrency and Bitcoin immediate competitor Ethereum is also on a good start this year. The Ethereum price has climbed over 25% since the start of this year. At press time, Ethereum is trading at $65 with a market cap of $17 billion.

Bitcoin’s first derivative Bitcoin Cash has climbed its way up to the fourth rank giving over 60% returns in the first 20 days of 2020. The price of Bitcoin Cash (BCH) surged all the way from $200 to over $325 at press time.

Bitcoin Cash derivative - Bitcoin SV or Bitcoin Satoshi Version (BSV) - has shown a wild move northwards. From under $100, Bitcoin SV exploded all the way above $400, a whopping 300% jump just in a few days.

This price surge was a result of Craig Wright’s claims of getting access to over 16,000 BTC addresses. BSV has retraced back from its 2020 high of $420 and it currently trading around $270. This is still a whopping 170% return from January 1 levels.

Dash (DASH) has shown a similar movement just like Bitcoin SV. Starting 2020 at $40 levels, DASH moved all the way above $130 in a flash price surge. At press time, DASH is trading around $100 levels.

Similarly, there are other cryptocurrencies like the privacy coin Cash which have started 2020 on a very optimistic note. We hope that this optimism continues ahead and the market attains new highs moving ahead this year.