• Press Releases
    • Submit a press release
    • Read All
  • Advertise
  • Contact us
Crypto.com Logo Crypto.com Logo
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN
Bitcoinist.com
No Result
View All Result
January
Nexo

These 11 Cryptocurrencies Outperformed Bitcoin in January

Antonio Madeira by Antonio Madeira
5 years ago
in Altcoins, Altcoin News, Altcoin Price, News, News teaser
1

Bitcoin is only the 12th best-performing cryptocurrency of January 2017, with Counterparty, BitCrystals and MaidSafeCoin making a surprise top three movers.


Bitcoin Outperformed by 11 Altcoins

When one thinks of cryptocurrencies or blockchain, one usually thinks of Bitcoin. It’s the oldest, most used and most secure blockchain out there. However, many fail to realize that there are actually hundreds, if not thousands, of cryptocurrencies out there – and some of these are gaining too much traction on the market to ignore.

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

Bithub.pl has composed a list of the 20 best performing cryptocurrencies for January 2016, yet Bitcoin came in only at number 12.

bitwala-altcoin-bitcoins-1024x444

Weeding out rogue appearances, the list left out some of the smaller market cap coins, which may have risen considerably on thin volumes. Bithub.pl did however give honorable mentions to Pascal Coin (PASC), which grew by 10,765.08%, Byteball (GBYTE) — that’s up 244.64%, — and Golem (GNT) with a 192.09% increase.

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
Get 110 USDT Futures Bonus for FREE!

The list is diverse and points to no one specific trend within the space. There are privacy-centric coins such as Dash and Monero, Smart Contract platforms like Ethereum and Lisk, and even in-game assets like BitCrystals.

bitcoinist_top_20_1

Who’s Winning The Crypto Race?

Looking at the top three cryptos on the list, we can see a diverse set of coins that serve multiple purposes. The first, CounterParty (XCP) is an asset-issuing platform that embeds data into regular Bitcoin transactions. Using CounterParty, anyone can issue assets or tokens that reside within the Bitcoin blockchain. One of these tokens issued on the CounterParty platform is, in fact, the second on the list, BitCrystals.

Bitcoinist_Counterparty

BitCrystals (BCY) is an in-game asset that acts as the currency in EverdreamSoft’s free-to-play mobile game Spells of Genesis, a trading card/arcade-style game that leverages blockchain technology both in its in-game economy and the game’s storyline.

The third-highest mover is MaidSafeCoin (MAID), the asset that fuels the MaidSafe network, where users can create and host websites, store private data and share public data through a decentralized mesh network of computers.

Bitcoin Weathers January Storm

January was a turbulent month for Bitcoin. Despite massive volatility and game-changing developments in the industry, Bitcoin has managed to end on a positive note, the price even continuing to grow into February, currently sitting at around $1,030.

Looking at charts showing how Bitcoin started the month at $963 and ended at $970, it is easy to forget that Bitcoin has dropped to as low as $760, following exchange inspections carried out by the People’s Bank of China, only to bounce back after those involved introduced precautionary measures.

bitcoinist_usd_btc_cryptocompare_3months

What About Fiat?

As we have come to expect, fiat currencies haven’t done nearly as well as cryptocurrencies. Their inflationary nature combined with the fact that they are easily influenced by geopolitical developments has made some big losers this month. 

Following the inauguration of President Donald Trump, and the various policies announced and applied by his administration, the USD dropped 2.6% in January, the biggest monthly drop of the currency since March last year.

Do these altcoins have a standalone future or are they heavily dependent on Bitcoin to raise all ships? Let us know in the comments below!


Images courtesy of CryptoCompare, Bithub.pl, Shutterstock, Bitwala

ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Antonio Madeira

Antonio Madeira

Related Posts

Cryptocurrency Firm Babel Finance Strikes Debt Agreement With Counterparties

Cryptocurrency Firm Babel Finance Strikes Debt Agreement With Counterparties

1 day ago
Crypto

Crypto ATMs To Be Installed At Top Hispanic Grocery Chain In 3 U.S. States

1 day ago
quantum computers

Quantum Computers Rise From Australian Lab – A Threat To Cryptocurrency?

1 day ago
Three Arrows Capital (3AC)

Inside The Three Arrows Capital (3AC) Collapse And The Lessons It Has Taught Crypto

3 days ago
Citibank

Citibank, Swiss Crypto Firm Partner To Develop Bitcoin Custody Services

3 days ago
Uniswap

Uniswap Unfazed By Bear Market Scare, Buys NFT Marketplace Aggregator Genie

3 days ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS
  • NAGA

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

Pages

  • Contact us
  • Editorial Policy
  • Advertise
  • Crypto Prices from Nomics
© 2022 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN

© 2021 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.