January has been a very difficult month for the crypto money market.
Bitcoin, the largest cryptocurrency in terms of market volume, experienced almost 30% and lost billions of dollars in market volume after a very good 2017.. There were not many positive things in the volume of total cryptocurrencies either.. The total market cap, which was $830 billion on January 7, ended January with less than $500 billion.
However, among all these difficulties, some coins have experienced some good developments.
For example, VeChain. Coins such as , NEO, Populous, and Stellar were among the top 25 cryptocurrencies by market cap.
VeChain
CoinDesk
<
- January performance: +146%
- Record: $9.55 on January 22
- January 1 price: $2.26
- January 31 price : $5.58
- Market by volume rank: 18
Partnering with some startups in China, VeChain has been trying to revolutionize the internet of things (IoT) using Blockchain technology since 2016 .
VeChain did not attract much attention in 2017, which was a very fruitful year for the crypto money market, despite the partnerships it established.. VeChain, which was priced under $1 until December, was around $0.20 in November.
However, that has now changed.. VeChain announced this month that it will rebrand and transform from VeChain (VEN) to VeChain Thor (VET/THOR).. Partnerships aside, this announcement by VeChain may have caught the attention of investors.
The project has been attracting attention from the Chinese media so far.. VeChain has also partnered with the National Tobacco Corporation of China to provide Blockchain solutions.
NEO
CoinDesk
- January performance: +95%
- Record: $194.70 on January 15
- January 1 price: $74.54
- January 31 price: $145.76
- Market cap rank: 7
Neo, sometimes called “China’s Ethereum”, aims to establish a smart economy like its rival Ethereum.
From individual investors NEO, which can be said to attract a lot of attention, was founded in December 2016. However, it was on the market under the name AntShares at the time.. NEO survived the blows of China’s ban on ICOs and the decision to close the stock markets in September last year and made a strong start to 2018.. The reason for this strong start can be shown that NEO has much more innovative features compared to many coins on the market.. (It should be noted that unlike Ethereum, NEO cannot be forked.)
NEO, which broke its record with $194.70, experienced a 30% decrease from that price.
Populous
<
CoinDesk
- January performance: +72%
- Record: $75.60 on January 29
- 1 January price: 40.35%
- 31 January price: $69.79
- Market rank: 23
Populous, billing and trade finance platform, Ethereum was founded on. Populous aims to establish itself as a leader in the $3 trillion alternative commercial loan market.
Populous’s token, PPT, has seen an increase in price last month thanks to investors who started to take an interest in the beta platform.
From all developments and join our Telegram channel to be notified of posts!