Binance Coin, Stakecoin, and BlakeStar: The Top Performing Cryptocurrencies of March 2018

Binance will issue its token coin, called the Binance Coin (BNB). A strict limit of 200MM BNB will be created, never to be increased. BNB will run natively on the Ethereum blockchain with ERC 20.
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Binance Coin, Stakecoin, and BlakeStar: The Top Performing Cryptocurrencies of March 2018

Post by magic8ball » Wed Apr 11, 2018 7:51 am

State of the Market
The beginning of March saw bitcoin (BTC) approach the $11,000 mark on March 1, 2018. However, exactly one month later BTC is trading at under $7,000 with a price of approximately $6,600. The start of March saw BTC more than 60 percent lower than its December high of almost $20,000 on December 17, 2018. The further market correction pushed BTC to retract another 40 percent in value to its current price point. With the entire markets suffering an enormous correction it seems a bull trend is around the corner, but the question remains: when?

February seemed to provide some catalysts that may allow for the crypto markets to break out of their two-month bearish trend. These catalysts turned out to be inefficient in reversing the bearish trend. A very interesting point to note from February was its Top Performing Cryptos. The top-performing coins for February all had major projects that intended to increase their utility during February dramatically. When utility is enhanced in the crypto community the underlying asset (coin or token) follows suit. Finding positive returns in a bearish market is difficult, but by finding utility and events, it is possible to ride hype waves.

March saw very few coins provide positive returns, but there was one noteworthy coin with a market cap over $100 million and a few smaller cap cryptos with market caps over $5 million that still managed to provide positive returns for investors.

The Top Performing Cryptos for March 2018, included; Binance Token, Stakecoin, and BlakeStar.

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