These Five Altcoins Crushed Bitcoin’s 2019 Returns

Tony "The Bull" Severino

5 years ago

3 mins read

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2019 was the year of Bitcoin, which stole the spotlight from the rest of the crypto industry, including altcoins like Ethereum, Ripple, and Litecoin.

However, a small handful of altcoins vastly outperformed Bitcoin, and crushed even the returns that BTC brought investors during its year of bullish price action.

The Top Performing Crypto Assets of 2019

From trough to peak, at its local high of $14,000 Bitcoin had brought investors as much as 350% return on investment. Even at current prices of $7,500, the crypto asset is still closing out the year with a staggering 140% return.

During Bitcoin’s parabolic climb, the crypto asset sucked all the capital out of the altcoin market, causing many of them to set new lows for the year or fall into the negative year-to-date.

However, a handful of select altcoins not only gave Bitcoin a run for its money but even have outperformed the leading cryptocurrency by market cap during what has been the strongest year since the bull run.

The five crypto altcoins to beat out Bitcoin at its own game include Constellation, Centrality, Tierion, Ripio Credit Network, and the crypto industry poster child, Chainlink.

While the list may contain four relatively unheard of altcoins, most crypto investors should have heard of Chainlink throughout the year. The cryptocurrency was at the tips of many trader’s tongues due to the strong performance is saw all year long.

News of Google and others relying on the altcoin’s underlying technology caused the asset’s price to soar, and it never came back down to refuel its jets.

The crypto asset is set to close out the year with 560% gains, barring any catastrophic price action.

The five top performing cryptocurrencies of 2019 – chart view:

1. Constellation $DAG
2. Chainlink $LINK
3. Centrality $CENNZ
4. Tierion $TNT
5. Ripio Credit Network $RCN https://t.co/PT2yRbG0Qx

— TradingView (@tradingview) December 23, 2019

Altcoins Beat Bitcoin At Its Own Game

Despite Chainlink being the talk of the crypto market throughout the year, it was the second-best performing altcoin, behind Constellation.

Constellation’s goal is to make high-volume data exchange trustless, and the asset could close out the year with a staggering 650% return on investment, making it the biggest gainer of the crypto industry.

Following Constellation at number one and Chainlink at number two, comes Centrality, Tierion, and Ripio Credit Network.

Centrality is essentially a crypto-focused venture company, leveraging its network and token to offer innovators tools to create their own projects. The crypto asset had a stellar 2019 with as much as 326% gains for the year.

Tierion was close behind at 310% for the year, and Ripio Credit Network was right behind with 299% return on investment for the year thus far.

So while oftentimes being a Bitcoin maximalist is the most reliable play for crypto investors, occasionally investing in a moon shot can pay off handsomely, as these altcoins have proven.

Tony "The Bull" Severino

Tony "The Bull" Severino, CMT, is a distinguished figure in the cryptocurrency analysis sector, renowned for his in-depth technical expertise and innovative approach to market trends. As the Head of Research at NewsBTC, Tony leads a team dedicated to providing cutting-edge insights and forecasts, helping both novice and experienced traders navigate the complexities of the crypto market.
A seasoned Chartered Market Technician, Tony's prowess in identifying and capitalizing on market patterns is unmatched. His academic and professional journey in market analysis has firmly established him as a leading authority in technical trading strategies. Tony’s approach is heavily influenced by the principles of Elliott Wave Theory, a method known for its rigorous assessment of investor psychology and price movements.

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Before his ascent in the financial analysis world, Tony honed his skills in journalism. His background in this field has endowed him with a unique ability to present intricate market dynamics in a clear and compelling manner, making his insights highly sought after by a broad audience that ranges from casual readers to professional traders.
His professional affiliations underscore his commitment to excellence and continuous learning. As a partner of Elliott Wave International and TradingView, Tony collaborates with other leading experts to enhance his knowledge and skills. His active membership in the CMT Association further aligns him with the highest standards of industry practices and ethics.

Tony’s nickname, "The Bull," aptly reflects his aggressive and optimistic outlook on the cryptocurrency markets. His forecasts often anticipate significant upturns, earning him a reputation for bullish predictions that have frequently led to lucrative outcomes for those who follow his advice.

In summary, Tony "The Bull" Severino, CMT, is more than just a technical analyst; he is a mentor, educator, and innovator whose influence in the cryptocurrency space continues to grow. His dedication to advancing the understanding of market forces and his commitment to providing high-quality, reliable analysis make him a pivotal figure in the world of cryptocurrency trading.