The recent return of the bulls to the cryptocurrency market has given a welcome boost to the value of top coins like Bitcoin (BTC), Ethereum (ETH) and XRP. All three assets have enjoyed impressive gains of around 20 percent, but there are three other top ten coins that are doing much better this year.
Binance Coin (BNB)
BNB, the native token of cryptocurrency exchange giant Binance, has had a particularly incredible year – almost quadrupling in value since early January. The coin started the year at a low of $5.33 and has done nothing but grow since, reaching a yearly high of $19.95 yesterday. In early March, the coin took over the 8th position on CoinMarketCap from cross-border remittance platform Stellar when it added $240 million in value overnight.
Popular ‘crypto-twitter’ influencer The Don (@DonnyCrypto) has recently reasserted his believe that Binance Coin is “the Amazon of crypto” and could increase in value by a further 100 times.
Bitcoin Cash (BCH)
Despite being mired in controversy for the best part of last year, Bitcoin Cash appears to have emerged from the hard fork war victorious. A disagreement amongst BCH developers which led to the chain being split last November has had devastating effects on the cryptocurrency market. However, after reaching a depressing low of $107.42 in late January, Bitcoin Cash has come back stronger than ever, catapulting towards the $300 mark yesterday.
The growth could be attributed to the strong adoption of Bitcoin Cash in Japanese retail stores. Due it having significantly lower fees and transaction times than Bitcoin, it is often touted as a better means of making smaller payments.
Since yesterday’s rally, BCH has corrected slightly and is currently trading at around $260.
ADA’s year didn’t start off great, with the asset losing value in late January and eventually dropping to a low of $0.036 in early February. Since then, however, continued developments from the Cardano Foundation have helped accelerate the coins growth throughout March.
An important Mainnet upgrade coupled with Ledger Nano wallet integration and yesterday’s epic rally has helped push the coin to a high of $0.092 yesterday. The peak is almost triple its yearly low and the highest value that ADA has held since September last year.