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Top Cryptocurrencies by Price Growth in 2019 – COIN360
SUMMARY
May 24  |  15 min read

Coins You Should Keep an Eye Out for in 2019

The COIN360 Editorial Team

During the past few weeks, a bullish sentiment surrounding Bitcoin and cryptocurrencies has returned after an approximately year and a half crash. This sentiment has also extended to other altcoins, many of which have already reached their highest prices of the year, and are soaring to new heights week after week. Some coins, however, have outperformed their peers in terms of growth due to recent developments, which has created a renewed or newfound interest in them. These are five coins that are among the top 120 cryptocurrencies by market cap that you should keep an eye out for.

This article is not to be taken as financial advice, and we are not promoting any of the tokens mentioned herein. Be aware that price fluctuations and spikes may happen due to malicious activity, and investing is always potentially dangerous.

Binance Coin (BNB) — +409.2%

Binance Coin: Price, Market Cap, News, Chart of BNB on COIN360

Price: $31.52.
Trade volume (24h): $536,619,660.
Circulating supply: 141,175,490 BNB.
Market cap: $4,449,249,550.
All-time high: $33.53 (May 24, 2019).
Growth since Jan. 1, 2019: 409.2%.
ROI: 27,308.7%.

Project Overview

The BNB coin is the native coin of the Binance exchange ecosystem and it runs on the Binance chain. Part of BNB’s popularity comes from its wide array of functions and features, such as the 25% trading fee discount for users of the platform, which is its main use case (however, its whitepaper indicates that the discount will drop down to 12.5% in July 2019). At press time, Binance stands as the second crypto exchange in terms of adjusted volume (24h) at $2,173,940,114, but its role as one of the most renowned exchanges in crypto makes BNB a relevant asset since it is used by millions of traders every day. This puts the BNB coin at number 7 in terms of market cap.

Binance traders can also convert their dust into BNB tokens. Dust refers to the amounts of crypto that are leftover from trades and that are typically smaller than transfer fees, which leads to them being often ignored. Any balance with a valuation that is below 0.001 BTC can be transferred into BNB, which will show up in your account balance.

News and Major Developments

This year has seen multiple big developments for the exchange. In March 2019, Binance announced a partnership with U.S. based company CoinFlip, a Bitcoin ATM operator, to make the coin available for purchase at over 150 ATMs. On Apr. 15, Binance reported its 7th BNB burn, which saw 829,888 BNB tokens burned. The coin burn events are scheduled to take place every quarter until 100M BNB have been destroyed (50% of the 200M BNB tokens that were issued at first). The Binance DEX was launched on Apr. 23, following a two-month testnet period.

Earlier in the year, Binance re-launched their Binance Launchpad token sale platform. At press time, four Launchpad sales have taken place this year (BitTorrent, Fetch, Celer, and Matic), and all of them have featured BNB as the sole token that could be used for the sales (with the exception of BitTorrent, which also had a TRX session). Up until now, all token sales have been highly successful, usually ending within seconds when Launchpad operated under a first come, first serve basis. The last Launchpad sale operated under a lottery structure, which was announced on Mar. 24. Currently, a new Launchpad lottery sale for Harmony is in its preparation period, with the lottery ticket claim stage to take place on May 27.

Up until recently, BNB’s all-time high had occurred over a year ago at $24.91 on January 12, 2018, 6 months after its release. However, recent developments, coupled with the current climate of crypto, and the popularity of Binance, led the token to reach $33.53 on May 24, 2019, reaching a new all-time high.

Controversies

A big portion of BNB’s growth took place back in February unlike most cryptocurrencies, which experienced the hardships of the bear market going on at the moment, and it showed in BNB’s ranking as well, going from number 31 at the beginning of the year to its current ranking at number 7. Amidst BNB’s rise, some people took to Twitter to express their complaints regarding the coin, with one particular Twitter account dedicated entirely to trashing BNB and the Binance exchange.

Binance Coin (BNB) is implied in fraud

Binance has often been criticized for being too centralized.

Binance’s voting system has also been under a microscope for one of its listing methods: users can vote to get one token on the exchange without it having to pay listing fees. On a reddit thread, some users complained that this method was bad for the crypto community as it pitted different communities against each other while making money out of the fees of the votes casted. Binance’s recent move to a lottery model was also met with criticism from traders of the exchange, since it follows a model that favors whales and big investors. Likewise, the decentralized nature of the new Binance DEX was also put into question. All in all, Binance as a whole has seen its fair share of controversies, which naturally has an impact on its native token. Despite the controversies, Binance is having a strong 2019, which has led BNB to new heights.

Tezos (XTZ) — +249.8%

Tezos: Price, Market Cap, News, Chart of XTZ on COIN360

Price: $1.62.
Trade volume (24h): $5,817,208.
Circulating supply: 659,633,840 XTZ.
Market cap: $1,076,269,866.
All-time high: $12.19 (Dec. 17, 2017).
Growth since Jan. 1, 2019: 249.8%.
ROI: 244.7%.

Project Overview

Ranked 16th in market capitalization is XTZ, the native token of the Tezos platform. Tezos, much like Ethereum, is a blockchain that can host dApps and smart contracts. One of its most important aspects, however, is that it is a delegated Proof of Stake (DPoS) network with a high priority on governance. In fact, its whitepaper describes Tezos as a “self-amending” crypto ledger because bakers (the people who take part of the process of signing and appending a block of transactions to the blockchain) can submit or vote for proposals for protocol upgrades, allowing for it to evolve and implement upgrades without the need of a hard fork (you can find a video explaining the self-amending process here).

News and Major Developments

Tezos held its ICO in July 2017. Its results were record-breaking at the time, amassing $232 million in the span of two weeks, an amount that no ICO had ever reached before. However, the multiple delays and lawsuits that followed tainted the successful offering (see “Controversies” below).

2019, on the other hand, has been quite successful for Tezos. In February, details about the first on-chain upgrade proposals (dubbed Athens) were revealed. Both proposals included an increase of the gas limit (a conservative gas limit was put in place at first to protect the chain, knowing that the limit could be increased later on through the amendment process) in order to make it easier to deploy smart contracts. The difference between the 2 proposals is that proposal A also included a reduction in the amount of XTZ that a baker must hold in order to be eligible to propose or endorse a block from 10,000 XTZ to 8,000 XTZ. Proposal A was selected and entered a 3-month voting process. At press time, the first Tezos blockchain amendment is in its final phase, promotion, which has already reached its quorum and supermajority prerequisites. Other important developments include Coinbase’s Custody offline storage solution, with Tezos being the only asset supported for staking, and a reported increase in activity from developers pertaining to tools, languages, and APIs, which also impacts the scope of potential users of the platform positively.

Controversies

Luckily, all controversies related to Tezos are not related to its current growth. That being said, they highly impacted Tezos, and left a bitter taste in many of its users' mouths. After the ICO ended, users experienced multiple delays, and in November of 2017, they were told that there were going to be no refunds. As it turns out, the constant delays were related to a war for control that was brewing between founders Arthur and Kathleen Breitman in one corner and Johann Gevers, president of the Tezos Foundation (the foundation that was established to handle the ICO) on the other. For a detailed account of the lawsuits that led to the multiple delays, read here.

Then, in June 2018, almost a full year after the ICO, Tezos implemented KYC/AML checks for all contributors of the ICO, which generated more backlash from the community. Shortly after, however, the launch of the betanet was announced on Jun. 30, 2018. Then, after its rocky beginnings and multiple delays, the Tezos mainnet was finally launched in September. The delayed release of the mainnet and the controversies affected the price of the XTZ coin, which would further explain why the price of XTZ has been soaring of 2019 now that the mainnet has finally launched. Still, the current price of XTZ is still far from its all-time high of $12.19, which occurred during a price spike in December 2017.

Ravencoin (RVN) — +307.2%

Ravencoin: Price, News, Market Cap on COIN360

Price: $0.052465.
Trade volume (24h): $19,783,527.
Circulating supply: 3,605,840,000 RVN.
Market cap: $189,068,829.
All-time high: $0.074140 (Apr. 9, 2019).
Growth since Jan. 1, 2019: 307.2%.
ROI: 98%.

Project Overview

Currently ranked 43rd in terms of market capitalization is Ravencoin, launched on Jan. 3, 2018 and self-described as an experimental digital currency whose aim is to implement a blockchain specifically designed for the transfer of assets from one holder to another. Actually, its name is inspired by the A Song of Ice and Fire book series. Ravencoin is a use case specific blockchain that, much like the ravens in the world of Westeros, “carry statements of truth” about who owns what assets. Holders of RVN can burn it to issue a token, which will exist on the Ravencoin blockchain, and whose name, denomination and purpose will be entirely up to the issuer. These tokens can be easily transferred to other Ravencoin addresses, and can be used to represent “anything the creator’s imagination can conjure”. Its whitepaper mentions some examples that range from tokens that represent real-world physical assets (silver coins), shares of projects (securities), virtual goods (in-game assets), credit and even unique tokens that can be used to represent things such as pieces of art or unique software keys.

Originally built on a fork of the Bitcoin code, Ravencoin is an open source project. One of the things that makes it stand out the most is the fact that there was no ICO nor pre-mining stage. Additionally, its XR16 PoW hashing algorithm is another enticing feature of Ravencoin, one that makes it ASIC resistant and affordable to mine. At press time, Ravencoin is currently trading on Binance, Bittrex, DigiFinex and 25 other exchanges.

News and Major Developments

The coin was quietly released in the January of 2018, but it didn’t take long for it to start making waves in the world of crypto. Patrick Byrne, CEO of Overstock, praised Ravencoin in a Business Insider interview stating that Overstock had put millions into it only one month after its release. However, the first significant price spike of Ravencoin happened in the October of 2018, days after it was listed on Binance (without paying any listing fees), which saw it going from $0.019 to breaking the $0.06 mark for the first time ever in the space of ten days.

The price of Ravencoin would go down after suffering the so-called Binance effect, finishing the year back in the $0.01 range. However, things would pick up again in late February 2019, when the coin started to soar to never before reached levels just before the bull market of Bitcoin and crypto started. Some developments have been brought up as possible causes behind the spike in price, such as the listing of USD-RVN pairs, praise from Binance’s CZ, and its recent Trezor wallet integration. However, a development that seems to stand out above the rest is another Patrick Byrne interview, where he stated that Ravencoin is being integrated and leveraged where possible in the twenty different blockchain companies within Medici Ventures on Mar. 18. At press time, the number of companies and projects that support RVN is 17, including crowdfunding campaigns, a blockchain-based wine trading platform, and tokenization of firearms ownership. Finally, Ravencoin was among the winners of the ADVFN International Financial Awards of 2019, where it won the prize of “Most Exciting New Coin”. Both these developments took place in late March, which probably correlates with RVN reaching its all-time high of $0.074140 in early April.

Controversies

The fact that Ravencoin saw such an uptake in price before Bitcoin and other altcoins did, without being able to link it to a specific development or listing at first, led some people to believe that the recent price spike was part of a pump and dump scheme.

Ravencoin's price spike

Users of the Ravencoin subreddit talking about a possible pump and dump scheme behind the price spike.

However, the fact that the pump took place in late February and until press time there has been no dump has discredited the theory of a pump and dump scheme. Additionally, there has been only one instance in 2019 where RVN spiked by 5% or more in the space of 5 minutes (typically an indicator of a pump and dump), and it happened in early February. It seems that integration within multiple companies and projects has made people realize the potential behind Ravencoin, which would explain its gains in 2019. This also lines up with Patrick Byrne’s statements on Ravencoin being integrated into the Medici Ventures blockchain companies.

CLAMs (CLAM) — +736.7%

CLAMs coin: price, news, market cap on COIN360

Price: $17.57.
Trade volume (24h): $137,277.
Circulating supply: 3,604,626 CLAM.
Market cap: $63,330,665.
All-time high: $17.99 (May 21, 2019).
Growth since Jan. 1, 2019: 736.7%.
ROI: 2,971.5%

Project Overview

The CLAM coin was launched in May of 2014, and it came into existence as a Blackcoin fork. It runs under a protocol called Proof-of-Chain or Proof-of-Working-Stake (PoWS), which means that CLAMs’s distribution strategy is different: 4.6 CLAM coins were sent to every unique wallet address (with a balance above 0) from all Bitcoin, Litecoin and Dogecoin blockchains, striving to be the cryptocurrency with the widest initial distribution and a “trustless” blockchain.

Through the PoWS, 1 CLAM is distributed approximately once a minute to a randomly selected active user as a reward for processing and verifying recent transactions but, most importantly, this strategy is used to replace coins that have been lost, unclaimed or that have become inaccessible over time, thus stabilizing the price of CLAM. The CLAM coin is available on the Poloniex, Coinexchange and Yobit exchanges (at press time, the official information available on the website is outdated).

News and Major Developments

The CLAM coin started to spike in late February and its all-time high occurred on May 19, 2019, at $17.60. Surprisingly enough, no major developments or announcements related to CLAMs have taken place this year. Actually, its website has a development plan with no texts on it, its twitter profile has had two updates in the last two years, and its subreddit has also been mostly inactive. Currently, the best way to stay up to date with future CLAM developments is its official thread in the Bitcointalk forums. In it, it has been mentioned that the spike in CLAM price could be due to a new version of the code being reportedly worked on, but no official information that backs that claim could be found.

As of right now, the only use case for CLAMs is for just-dice, an online casino where people can gamble with their CLAMs.

Controversies

The CLAM coin is an interesting case because it has experienced a notable spike in price and has recently reached an all-time high despite having little-to-no online presence in the last couple of years and a very limited availability in exchanges, making the whole project controversial. Most surprisingly is the official website of the coin, which has outdated information about the exchanges where it is trading, and provides no information about future plans or developments for the coin.

As things stand right now, the coin is only related to gambling activities and the only explanation for its spike is the current bull market. Given how recently the all-time high was reached, it will be interesting to see where this coin goes in the upcoming weeks and months, since it could go crashing down hard or keep rising.

Attention! Investing in coins with suspicious growth might be dangerous. If you choose to invest in this coin, do so at your own risk.

ArcBlock (ABT) — +574.4%

ArcBlock Coin: Price, Review, News on COIN360

Price: $0.504969.
Trade volume (24h): $11,585,111.
Circulating supply: 98,554,305 ABT.
Market cap: $49,766,898.
All-time high: $1.66 (May 6, 2018).
Growth since Jan. 1, 2019: 574.4%.
ROI: -55.7%.

Project Overview

Currently at number 107 in terms of market capitalization, ABT is the native token of the ArcBlock platform and it runs on its own chain, which is dedicated to ArcBlock’s token services. Although not open source (its FAQ states that ArcBlock was developed as a commercial software practice and process), the ArcBlock project is developer-friendly, reportedly offering hundreds of open source components, flexible software development kits, and blockchain dev tools. The main goal of the ArcBlock platform is to build a scalable and easy-to-use platform for building and deploying dApps for many other blockchain technologies. In this regard, ABT acts as a utility token for paying the costs associated with using the service, and is also used as a reward for “miners”. Since all ABT tokens are pre-minted, the concept of miners is used for people who contribute to the platform by bringing computing resources, reusable components, and ready-to-deploy apps. The ABT coin is traded on Huobi, OKEx and 8 other exchanges.

News and Major Developments

In late January and early February of 2018, ArcBlock held its private token sale, which reportedly had more than 5,000 applications from over 100 countries. The ICO of ABT started on Feb. 3, 2018, and it sold out the same day, raising $45M. ArcBlock has partnered with big names in the industry in the past. One of its biggest associations came when they partnered with Amazon Web Services on Oct. 23, 2018, by expanding into the global AWS Partner Network, “a program focused on bringing successful AWS-based solutions to the open market”. In January of 2019, they partnered with Huobi (HuobiChat, specifically), to celebrate the Chinese New Year, where “red envelopes” (a traditional Chinese monetary gift that is given on special occasions) containing token gifts were given away to random users as a New Year’s gift.

On Mar. 29, 2019, ArcBlock released the ABT Network, the first-ever continuous blockchain network known as a “blockchain superhighway”, which allows developers to work with interconnected chains. On May 20, 2019, ArcBlock released the new DID ABT Wallet, giving access to every user to their own decentralized identity. The mobile wallet, which can be downloaded on Android and iOS, is the first decentralized wallet that is “fully integrated into their blockchain network”, which allows users to instantly use any service, app, or offering on the network. This makes the wallet easy to use and easy to adapt into any application or service, a development that may have influenced ABT’s price as well.

Controversies

During ABT’s ICO, hackers attempted a phishing maneuver by using a similar domain name. They created an imitation of the official ICO site, though no funds were deposited in the wallet address on the fake site.

As it happens with a lot of ICOs, the ABT sale was also thought to be a scam by some people, with one particular Reddit user listing different red flags that led him to believe that the ICO was a potential scam (the founder and CEO of ArcBlock eventually replied to address some of the accusations in the same Reddit thread). One of the listed red flags was a reported partnership with IBM that, in reality, was only a normal IBM Partnerworld application, and not a special partnership of any kind. Other claims, however, such as the lack of a technical development roadmap, have since been addressed or solved.

Attention! Investing in coins with suspicious growth might be dangerous. If you choose to invest in this coin, do so at your own risk.

Final Thoughts

We are currently in a very special point of the crypto timeline, as coins are soaring over the levels that they had after the crypto crash of 2018. That being said, it is clear that there is no universal reason behind the growth of a coin. It is definitely a complex situation that takes many variables, both positive and negative, into account. In the case of Tezos, for example, positive developments such as the Athens upgrade proposals and support of XTZ from Coinbase’s Custody support factored into the growth of XTZ. At the same time, however, XTZ is also recovering from negative developments like the constant delays and lawsuits that Tezos had in 2017 and 2018 before the release of its mainnet, which also contributes to its growth. Other examples show that growth can be due to adoption from projects and an increased awareness of a coin’s potential, which is true for the case of Ravencoin; revealing new products and benefiting from other blockchain applications, such as the case of ArcBlock; or due to being a native coin of a renowned exchange, as with the case of Binance coin.

That being said, there is still plenty of room for the unpredictable. A prime example of this is the case of CLAMs, which have grown by more than 700% despite having only a gambling-related use case and having limited availability in exchanges. The main takeaway from this is that, while it is true that some developments can explain a price spike, cryptocurrencies are unpredictable by nature, and just about anything can happen.

Thanks for reading,
The COIN360 Editorial Team