Bitcoin has gone through yet another leg up, gaining 5 percent in the past 24 hours alone. And while some altcoins have managed to increase even surpass BTC, others have been left hanging in the dry. Below we take a look at the 5 worst performing cryptocurrencies against Bitcoin so far in 2019.
Ironically, the second largest cryptocurrency in terms of total market capitalization has been declining in value against BTC.
ETH/BTC 00 is down about 14 percent so far in 2019. However, against the dollar, ETH has managed to gain around 31 percent.
Meanwhile, Ethereum’s network is facing increasing competition, especially now that Binance has announced the launch of the mainnet of its decentralized exchange Binance Chain.
While Changpeng Zhao has explicitly expressed his stance that Binance Chain doesn’t intend to compete with Ethereum, it’s entirely possible that certain projects may choose to migrate, especially given the upside price potential already witnessed this year.
XRP 00 is another…