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Coin Race: Top 10 Crypto Winners/Losers of February

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February’s rocky price movements have introduced some light at the end of the tunnel: for the first time since July 2018, Bitcoin (BTC) is ending the month in green, with a net increase. Out of the top 10 coins by market cap, only two fell in comparison to where they were at the end of January: Stellar (XLM) and Tron (TRX).

Source: iStock/filrom

Top 10 coins by market capitalization:

Source: Coincodex.com, UTC 08:42

This is certainly a welcome improvement compared to January, when only a single coin ended the month with a net increase. Ironically, that was also Tron, and the coin seems to go against the market recently.

Top 10 Winners

Source: Coincodex.com, UTC 08:42

Out of the top 50 coins by market capitalization, the biggest winner is Binance Coin (BNB), with a net increase of 58.94%. This could in part be due to the fact that the Binance Launchpad is increasingly being used for launching new tokens – only a few days ago, the Fetch.AI (FET) token sale on this platform reached its hard cap of USD 6 million dollars with the sale of over 69 million tokens in only 22 seconds. Additionally, smartphone manufacturer HTC recently announced that they will sell their flagship blockchain phone, the Exodus 1, for BNB as well as Litecoins (LTC).

The second winner on our list is Maker (MKR) with another big net increase, this time of 55.06%. A part of its pump seems to be the fact that cryptocurrency exchange OasisDEX, which used to make up a large percentage of trading volume for the coin, was in maintenance for a while. This forced users to buy MKR on other exchanges, which built liquidity. Bitinka was shortly the exchange that replaced the lost volumes on Oasis DEX.

Other winning coins include Komodo (KMD) which increased 54.2%, Ontology (ONT) with +50.02%, and EOS (EOS) with +48.81%. At the very bottom of the list is Global Utility Token (OKB), which increased by 26.36% – a far cry from January’s list, where the bottom of the winners list featured three coins with net losses.

Speaking of January, the only two coins that these two months have in common on the winners list are BNB and LTC. From January’s losing list, ICON (ICX) moved up to this month’s winning list with a total increase of 36.09%.

Top 10 Losers

Source: Coincodex.com, UTC 08:42

The losses of February are significantly smaller than those in January, with the biggest loser being Zilliqa (ZIL) with a net loss of 21.74% (whereas January’s biggest loser lost almost double that percentage). Their loss comes in spite of news that Binance is launching a ZIL/USDT trading pair, although there have not been any negative news around the project to explain their loss.

This means that last month’s biggest loser, NEM (XEM), has been dethroned and pushed into second place with a loss of 18.21%. It is followed by Tron, a member of January’s winning list, as well as Holo (HOT), that month’s winner by far.

Compared to January, XEM, Stellar (XLM), and Bitcoin SV (BSV) remain on the losing list.

Winners & Losers from Top 100/200

Out of the top 100 tokens by market capitalization, BNB is moved to the sixth spot, and the first four all gained more than double their price. In the fifth spot is BitTorrent Token (BTT) with a net increase of 70.30%. Out of the top 200, InoCoin (INO) gained an incredible 360.28%, followed by Cosmo Coin (COSM) with +201.21% – most likely due to the fact that Samsung Galaxy S10 offers support for this coin.

As for the top 100 losers, Zilliqa moves to the fourth spot, and the biggest loser becomes Revain (R) with -43.77%. Out of the top 200, the biggest loser becomes popular MimbleWimble implementation Grin (GRIN) which lost 67.48% of its price in February.