Out of the top 100 cryptocurrencies by market capitalization, 92 increased in value from Q4 2017 to Q1 2018.
The total cryptocurrency market capitalization has increased by more than $100 billion over the same time.
We took a look at the top 10 best performing cryptocurrencies for Q1 2018, focusing on their growth and what makes them strong.
The two biggest companies were those who have avoided significant regulatory scrutiny – Binance and Huobi. These exchanges are not open to U.S. customers and do not appear to be giving their customers access to IOU tokens on their platform.
They are also moving into new markets with Binance setting up a bank in Malta and Huobi opening offices in Korea, Japan and Brazil this quarter.
Ethereum remains the second biggest cryptocurrency by market cap, but is facing competition from EOS which is currently ranked 5th (and has been as high as 4th).
EOS is attracting attention because it appears to be building an operating system for decentralized applications that is faster, cheaper and more scalable than Ethereum.
Ethereum’s founder Vitalik Buterin has launched another token which could be used to pay for gas on the Ethereum network – but will only do so once it has been proven that it would improve
Between January and March 2018, the total crypto market cap grew from $588.8 billion to $419 billion. Even though this time wasn’t as good as the previous quarter, there were still a lot of companies that performed very well in Q1 2018.
So, here is our list of the top 10 best performing companies that are listed on CMC:
1. SALT (SALT)
2. Vertcoin (VTC)
3. RaiBlocks (XRB)
4. ChainLink (LINK)
5. EOS (EOS)
6. Tronix (TRX)
7. Bitcoin Private (BTCP)
8. Loopring (LRC)
9. NEM (XEM)
10. Binance Coin (BNB)
The total crypto market cap has been rising steadily since the lows of mid-December and is now sitting at around $320B. The top 10 cryptocurrencies by market capitalization are all in the green today, with IOTA (MIOTA) being the most notable riser, adding more than 10% over the last 24 hours.
In this article, we will cover the best performing companies from Q1 2018 and their unique value proposition.
While the first quarter of 2018 has been a rough one for the cryptocurrency industry, some companies have managed to outperform their peers and even experience growth during this period. This list highlights the best performing crypto companies in Q1 2018.
The U.S.-based cryptocurrency exchange has expanded its operations to Japan, and has seen massive user adoption as a result. Despite being banned from operating in Hawaii, they have continued to grow at an impressive pace. In March, Coinbase acquired Paradex, which is a relayer platform that will allow users to trade hundreds of ERC-20 tokens directly from their wallets.
Binance has been posting some impressive numbers since it was founded in 2017. The crypto exchange currently holds the title for largest bitcoin and altcoin exchange by volume, having traded more than $5 billion worth of bitcoin in under 24 hours earlier this year. Binance also launched its own blockchain last month with plans to launch its own cryptocurrency (BNB) on the new blockchain later this year.
Circle is another American-based company that has experienced strong growth in Q1 2018 following several key partnerships and acquisitions during the quarter. The company recently partnered with Bitmain Technologies Ltd., which is the world
When it comes to the crypto market cap, all eyes are on Bitcoin. The first-ever cryptocurrency is still by far the most popular, with half of the market cap of all digital assets, despite falling from 90% a year ago.
However, there are plenty of other altcoins that have seen gains in the first quarter of 2018. While the total market cap has dropped, it remains higher than the start of the year.
The top 10 best performing cryptocurrencies in Q1 2018 were:
Bitcoin Cash (+129%)
crypto companies of the year.
Bitcoin, the first cryptocurrency ever created has indeed become the most widely used digital currency on earth. Ever since the existence of Bitcoin in 2009, it has witnessed unprecedented growth across the world. The reason for its worldwide acceptance is no other than its ability to changed the way transactions are conducted in many electronic platforms. Conventionally, electronic card transactions take approximately three business days to get confirmation. On the other hand, Bitcoin transactions take few minutes to be confirmed on the blockchain.
Aside from being obtained by mining, Bitcoin can be exchanged for other currencies, products, and services. As of February 2015, over 100,000 merchants and vendors accepted bitcoin as payment. According to research produced by Cambridge University in 2017, there are 2.9 to 5.8 million unique users actively using a cryptocurrency wallet, most of them using bitcoin.
The top 10 crypto companies in Q1 2018
A total of $6.3 billion was raised by ICOs in the first quarter of 2018, according to a report by CoinSchedule. This is a drop from Q4 2017, which raised $6.5 billion through 125 projects, but it is much more than the average of the three previous quarters, which were roughly $1 billion each.
The number of ICOs also decreased, with only 271 completed in Q1 2018 compared to the 479 who launched the previous quarter. This is likely due to the cryptocurrency correction that began in January, which continued for most of February and March. However, this may not be entirely bad news for investors as it means ICOs are more selective about how they raise funds.
As well as raising less money than they did at the end of last year, many ICOs have also lost money since going live on exchanges and have struggled to perform as well as their competitors.
Despite this cryptocurrency slump, there were still some notable crypto companies founded or performing well in Q1 of 2018. Here are 10 examples: