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2019 has been bullish for cryptocurrencies in general and has been a year in which many altcoins have seen significant increases relative to their prices. Below, BeInCrypto presents a peek into the five altcoins that have increased the most.
- Synthetic Network Token (SNX) – Purple
- Centrality (CENNZ) – Light Green
- Tezos (XTZ) – Red
- Chainlink (LINK) – Candlesticks
- Matic Network (MATIC) – Green
Note: Only altcoins ranked in the top 100 by market capitalization are considered for this analysis.
Synthetic Network Token (SNX)
The asset that increased the most of all altcoins was the Synthetic Network Token.
While there is a slight lack of data available, its price movement has followed an ascending support line. As long as the price remains above this ascending support line, we can assume its bullish sentiment is intact.
At its highest point, SNX had increased by almost 1,100% relative to its opening prices.
Centrality (CENNZ)
The Centrality price was relatively stable up until October, trading in a range between $0.02-$0.04. However, a rapid upward move began that caused the price to increase by 1,060% and reach a high of $0.196.
Since then, the price has been decreasing and has fallen below an ascending support line. Afterward, it validated it as resistance.
The price is also possibly creating a head and shoulders pattern, which is often considered a bearish signal. It has yet to complete the right shoulder, a movement that would likely confirm that the price is going lower.
Therefore, it seems as if the price action for CENZZ is bearish and the price will head lower in its corrective phase.
Tezos (XTZ)
The Tezos price was relatively stable until March of this year when it began an upward move. In relation to the prior two previously mentioned altcoins, this move was smaller as the price increased by only 370%. Since then, the price has been trading inside a massive descending channel, and currently sitting at the upper resistance line.
A corrective period is likely, and if the price decreases until it reaches the next likely support level would mean a 50% decrease. The closest support area is found between $1.10 and $1.20.
LINK
The Chainlink price movement was stable until May when the price began a very rapid upward move. Relative to the price levels at the beginning of 2019, at its peak, LINK had increased by 1,800%.
However, after breaking down from the ascending support line, LINK validated the level twice and has been decreasing ever since. The area most likely to begin a reversal would be $1.50.
Matic Network (MATIC)
The MATIC network price also took off in March, having the shortest lifespan out of the altcoins that analyzed in this article. It has initiated two rapid upward moves in the meantime.
The first began in May and caused the price to increase by almost 1,800% relative to its opening price sharing the biggest riser spot along with Tezos. Afterward, it underwent a corrective period and stabilized above $0.10.
At the end of November, Matic took off once again. The price reached a high of $0.042 before plummeting all the way back to $0.012 in just over a week.
The exact rates of increase for 2019 allow with rankings by market capitalization are shown in the table below:
| Asset | Rate Of Increase | Market Capitalization |
| SNX | 439% | #35 |
| CENNZ | 400% | #40 |
| XTZ | 339% | #10 |
| LINK | 331% | #18 |
| MATIC | 195% | #96 |
The post The Top-Five Performing Altcoins of 2019 [Premium Analysis] appeared first on BeInCrypto.
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