Saturday, March 31, 2018

March finds many more cryptocurrency losers than winners as month turns out to be a bloodbath for the sector

The month of March is ending with a bang for the cryptocurrency sector, but not in a good way as the digital currencies in general had many more losers than it had winners.

Ever since the sector of over 1400 different cryptos reached a market cap of nearly $750 billion back in December of 2017, the overall market has lost close to 70% of its value, with future prospects also not looking great for the alternative asset.

And here on March 31 we can now take a look at the winners and losers in the cryptocurrency sector for the month.


Winners:

Tron is the only coin in the top 15 that has not lost ground in March. It hasn’t made much but that is a positive in a month that has been largely red across crypto markets. Starting out the month at around $0.042 TRX has crept up a percent or two to end it just over $0.043. In Bitcoin levels Tron has performed well moving from around 415 satoshis to end the month over 43% higher at around 600 sats.



Binance Coin has also made marginal moves upwards while all those around it have crashed. BNB started March trading at around $10.50 and ended closer to $10.70 representing a tiny increase. Against BTC is has done even better moving from 101500 satoshis to 151000 at month end, a rise of 48%. Positive company news about a Maltese move as it shrugs off the attempted hack has boosted Binance Coin.


Losers:
Ethereum has been absolutely crushed in March, starting the month trading around $860 and losing over 50% by the end of it. 
Ripple has also taken a heavy beating in March with XRP falling 45% from $0.95 to $0.52 over the past 31 days. 
Bitcoin Cash has been bashed as the top four have all lost ground. On March 1st BCH was trading at around $1,250, since then it has lost 42% to around $725 where it currently trades. 
Litecoin has also taken a huge hit, last month it was one of the best performing altcoins, this month one of the worse. LTC has fallen from around $205 to $124 in March representing a drop of almost 40%. 
EOS, while moving up a few spots in the market cap charts, has also fallen. Trading at the beginning of the month around $8.40 it ended closer to $6 marking a drop of roughly 28%. 
Cardano has been one of the top ten’s biggest losers as it was last month with an over 50% drop from $0.30 to $0.15 at the end of the month. 
Neo had a reasonable February but a terrible March, falling massively from $130 to $52, almost 60%. 
The last altcoin in the top ten has also fallen heavily in March. Iota has lost around 41% sliding from $1.95 on March 1st to $1.14 at the end of the month. 
Other altcoins getting a pasting in March include Monero, Dash, Nem, Ethereum Classic, VeChain, Qtum, Icon, OmiseGO, Lisk, Bitcoin Gold, Nano, Zcash and Verge. - BTC News

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