The world’s largest cryptocurrency Bitcoin (BTC) is considered as the king of other cryptocurrencies in the market as it has been outperforming the rest of the crypto market since the year of its establishment and due to its outshining performance, it has been able to hold the first spot in the list of the world’s top digital currencies in terms of market capitalization.
The leading digital currency has performed well this year as well. However, it could not outpace all of the digital assets in the market. Reportedly, there are six cryptocurrencies that have outshined the top-ranked cryptocurrency this year by a great margin.
Six Digital Assets Rose by Over 2,000%
According to the data shared by Messari, six digital assets have shown a price growth of more than 2000 percent this year. These cryptocurrencies include the native digital token of the Aave protocol AAVE, ZAP, UBT, the Band protocol’s BAND token, CVT, and the governance digital token of Yearn Finance YFI. All of these digital currencies have outshined Bitcoin. On the other hand, Bitcoin recorded price growth of 154 percent since the beginning of this year.
Out of these six digital assets, two have even recorded a Year-to-Date (YTD) price growth of more than 4,000 percent. The cryptocurrency ZAP which runs on the Ethereum blockchain outshined the rest of the cryptocurrency market this year by recording a price increase of approximately 6,000 percent. When the year 2020 started, the price value of ZAP was standing at around $0.002. However, now it has moved up to trade at around $0.111. This represents a growth of nearly 6300 percent in price value.
The decentralized finance protocol Aave’s native token AAVE has recorded price growth of around 4288 percent as its price value surged high from the $0.018 mark to $80 around where its price value is standing at the moment. While on the other hand, BAND is on the third spot as its price has increased by 2727 percent this year.
Bitcoin’s price decreased down below $18,000
Bitcoin, on the other hand, has started losing its momentum as the leading digital currency has lost another crucial support level. The price value of Bitcoin has plunged down below $18,000. Prior to this, the dominant cryptocurrency lost its key support level of $19,000.
It has now once again entered into the $17k range. At the time of writing, the price value of BTC is trading down by 3.71 percent in the last 24 hours while trading at around $17,700.
