Would you like to know the top 5 gainers cryptocurrencies in 2020? Let's show you a list of some of them. These are digital assets whose price has surged significantly in the past eight months. And given their current performance, a lot can be expected in the remaining part of the year.
On the other hand, our selections are based on these assets' opening price as of January 1, 2020, and what they are valued at as of July 6, 2020. Therefore, the top gainers' cryptocurrencies in 2020 are:
1. Bitcoin (BTC)
The list will be incomplete without mentioning the price surge in Bitcoin, the top cryptocurrency by market cap. Bitcoin's price has surged by 62% from its opening price at the start of the year. Specifically, the virtual asset opened at $7,194, and at the time of writing, it is priced at $11,700.
On the other hand, Bitcoin's price surge has not been without hurdles. In March 2020, the virtual asset was trading around $8,900 before it dumped to $3,900. Bitcoin has made a lovely comeback, given that it was now valued at thrice its price four months ago. Interestingly, Bitcoin's surge has impacted the prices of most altcoins positively. Bitcoin's market cap of $130 billion from the beginning of the year is now about $216 billion.
2. Band Protocol (Band)
Band Protocol (Band) is the 66th largest cryptocurrency based on market cap. Despite being lowly ranked than other coins in the market, the virtual asset is one of the top gainers this year. Band has surged by 3,361% within eight months. The latter can be tied to its opening price of $0.221275 at the start of the year and its $7.66 rate at present. Therefore, this is significant growth within a short period.
As expected, the surge in the asset's price can be tied to the high number of partnerships the project backing it has ventured into. The asset is backed by Sequoia Capital, Dunamu & Partners, Binance, Spartan Group, SeaX Ventures, and Woodstock. Several projects in the space rely on the asset's blockchain to launch their token.
3. Aave (Lend)
Aave is another cryptocurrency that is worth mentioning. It is the 32nd largest cryptocurrency by market cap. Lend was priced at $0.016481 at the beginning of the year. However, its price at press time is $0.374031. Accordingly, the surge in price denotes a 2,169 increment in price.
Coupled with that, Lend had launched in the market three years ago. And despite still being new to space, it has maintained steady growth in price. Like Band, the asset is trading well above its all-time high.
4. Kyber Network (KNC)
Kyber Network (KNC) is the 40th largest cryptocurrency by market cap. At the start of the year, the asset was priced at $0.186262 but surged to $1.77. The latter denotes an 850% increment in price.
What's more, KNC has maintained steady growth in price and could have the same performance months. The team behind the asset has also partnered with other companies in the space. Some of these platforms include MyEtherWallet (MEW), Enjin Wallet, Kyber Swap, Coinbase, Argent, and HTC EXODUS.
5. Theta Fuel (TFUEL)
Theta Fuel (TFUEL) may not be one of the most popular cryptocurrencies, but its price surge is impressive. This asset surged by 286% since the start of the year. TFUEL's price in January was $0.002370, but at the time of writing, its price is $0.009741.
Over and above that, the team backing this project has collaborated with several companies in the crypto space. A significant name in this collaboration is Esports. On the other hand, surges in this asset's price are accompanied by high volatility.
These are the cryptocurrencies that have surged significantly during their year. These assets hold a lot of promise soon and may perform even better.