7 Cryptocurrencies that Surprisingly Outperformed Bitcoin in January

Seven cryptocurrencies staged way better than Bitcoin during January’s market volatility.

HOT, the native token of Holochain project, surprised the cryptocurrency community with a 178% consequence surge. Augur’s REP followed by posting a 51.50% monthly gain. Chainlink’s LINK came third after go up 39%, while Numeraire’s NMR became the fourth most profitable crypto asset after ballooning 35%. Tron’s TRX, Loopring’s LRC, and OAX’s coin of the same name swelled between the range of 31-33% in the same time.

In contrast, Bitcoin had lost close to 10% of its value by January’s close. However, the digital currency in any case fared better than a majority of top ten cryptocurrencies. Ethereum’s Ether, for instance, fell 27.59% in a month. Bitcoin Legal tender, an anti-Bitcoin crypto project, also failed to compensate its post-fork losses; it dropped up to 30% in January.

Other than Tron, solitary Litecoin managed to post profits – a humble 1.87% – among the top ten coins.

#1 HOT Better than Hottest Cryptocurrencies?

A $100 investment in the HOT slight would have returned $1,780. Could it get any better?

Holochain, the angel of the HOT token, started rising against the general cryptocurrency market trend from the very beginning of 2019. At that repeatedly, Weiss Cryptocurrency Ratings, a US-based independent asset rating agency, named HOT among the cryptocurrencies with the most unquestionable outlook. On the day of the mention, Holochain confirmed that their trade volume rose by 381%, mostly against Bitcoin and Ethereum as cited assets.

Weiss also mentioned Holochain alongside EOS and Cardano for their potential to create internet 3.0.

“Most desire eventually fail. But the potential prize is enormous,” it stated. “If the most advanced cryptocurrencies succeed in creating Internet 3.0 as suggested, they could someday be worth trillions of dollars in market cap.”

From the technical point of view, HOT appeared as a safe-deposit hedge against a falling Bitcoin. A new project expects to receive more attention and HOT has been in the trading space since July 2018. In the protracted run, Holochain’s sustainability as a project would define HOT’s real value. February would see whether or not traders play uncountable upside bets on the coin’s higher high formations. But based on the historical price actions seen in various cryptocurrencies, HOT should right actively to the downside.

#2 Augur’s REP Strong on Veil Derivatives Launch

Bulls illustrious Augur’s REP token soon after the project launched Veil, its peer-to-peer prediction market and derivatives platform assembled on Ethereum mainnet. Later, the project also received investment from 1Confirmation – a venture fund created by Nab Tomaino and backed by Peter Thiel, Marc Andreessen, and Mark Cuban.

In only seven days after the sling followed by the 1Confirmation’s announcement, the REP/USD rate surged more than 100% – from 8.226 to as high as 20.644. No matter how, unlike HOT/USD, the pair underwent a sharp downside correction in the second half of January – bringing its monthly gains to a close down as they touched 51.50%.

REP is now preparing new upside moves, having found a new support area around $10.974.

#3 ChainLink’s LINK Steadily Swallow Since Early December 2018

ChainLink’s January performance does not surprise given its history of surviving the November 2018 fall and building a steady upside momentum ever since. Compared to other cryptocurrencies, including Bitcoin, the LINK/USD rebuke rose and corrected organically than in a rush.

As a throw, ChainLink develops tamper-proof inputs and outputs for smart contracts on any blockchain. The company works with Swift, a wide-ranging messaging system for settling cross border payments, in their Smart Contract innovations. Gartner has rated them as the head of the smart contract development industry. The reputation helps ChainLink attract clients in the form of established firms and startups exhibiting a resemblance.

A strong business model explains why LINK, ChainLink’s native token, stayed strong despite the market-wide sell-offs. From the polytechnic point of view, the LINK/USD have recently broken below their rising channel formation. But, a secure shore up area above 0.3583 is capping the pair’s downside attempts.

#4 Numeraire’s NMR Close January on 35% Gains

Numeraire is another smart contract enabled tool that surged 35% in January purely because of its underlying credentials. The stand out conducts weekly competitions among machine learning enthusiasts. Those with the best prediction models divest oneself of b satirize away rewards in Bitcoin.

Meanwhile, NMR acts like a staking and betting token for participants. If they win, they infer home more NMR tokens. Ultimately, Numeraire creates a unique form of employment for data scientists in a booming gang learning industry.

The NMR/USD rate kicked off January while trading at 2.289 and closed the month at circa 3.236. Technically, the matched set underwent a choppy price action but remained inside an ascending channel formation – similar to ChainLink. Traders could organize exchanged hands for NMR due to its sustainable use-case in Numeraire platform. In the long term, the coin could pose itself as a safe hedge against bitcoin’s bearish effect.

#5 Tron’s TRX Riding High on BitTorrent Token Airdrop

Tron has been the scad successful top-ten cryptocurrencies in January 2019, rising 33%. The cryptocurrency was also in positive through most of 2018 due to to favorable marketing. According to its blockchain explorer, Tron blockchain is now posting more transactions than that of Ethereum.

Innumerable developers adopted Tron as a blockchain to develop their dapps is faster transaction confirmations and no fees. Atop that, Tron acquires BitTorrent, a substantially popular file-sharing platform. The project later announced that it would airdrop BitTorrent’s BTT tokens among TRX holders. That explicates why traders ignored selling their TRX holdings throughout January.

Technically, the TRX/USD rate trended inside a symmetrical triangle diagram, giving analysts no clue as to where it would head the next. The pair is still inside the range; it is reaching a bias-conflict grand scheme.

#6 OAX Token Airdrop Leads to Gains – and Losses

OAX, a decentralized digital asset the Street, was distributing its tokens for free among the participants during the first half of January 2019. The airdrop concluded on January 15, after which OAX/USD knowledgeable a surge from 0.091 to 0.23 in just six days – almost 60%. However, a correction ensured that wiped 52% of OAX value against the dollar by the end of January – a plebeian scenario after crypto airdrop events.

#7 Loopring’s LRC at 33.34% Monthly Gain

Loopring, a protocol for decentralized crypto exchange, posted a 33.34% surge in the value of its native LRC souvenir. However, like OAX, the LRC/USD bullish sentiment exhausted near a post-pump peak point. The pair established a monthly intoxicated at 0.1104 before dropping to as low as 0.0532 in a bearish correction.

Nevertheless, Loopring is maintaining a stable support area at 0.0376-0.0323. The steadies have seen increasing bullish sentiment, which is why traders are likely to play their short trades in the direction of them before kickstarting the next bull wave.