EOS (EOS) If you are a crypto investor with over one year experience, you will definitely know that the year 2018 is generally a sad one compared to the previous year when most digital currencies reached their highest ever known value in the market.
Pension Partners director of research, Charlie Bilello, in an outcome of a research which he headed declared that EOS of all the top 20 cryptocurrencies recorded the lowest declination in market cap in the year 2018.
The update released by the director who is also the manager of ATAC Rotation Fund (ATACX) revealed that the top 20 largest Cryptocurrencies have witnessed a cumulative market cap down slope of $336 billion in 2018.
He added that so far -66% value change has been recorded for the top 20 cryptocurrencies this year.
Making further clarification, Bilello, the award winner of 2016 Charles Dow Award/2015 Wagner, in a picture of the study result disclosed that EOS market cap went down by only 6% compared to its value at the end of the previous year while the likes of Bitcoin, Ethereum, XRP, Bitcoin Cash, Cardano and Litecoin were down by 50%, 70%, 86%, 80%, 89% and 73% correspondingly.
BitConnet which has been so far flagged as a scam had the highest fall in market cap within the same period, dripping from over $2 billion market cap to $6million with -99.7% value variation.
The research also avowed that the market cap of Bitcoin at the end of 2017 was mightier than the present market cap of top 20 cryptocurrencies altogether.
Amongst other top 20 Cryptocurrencies featured in the list, IOTA, Dash, Nem, Monero and Stellar, recorded -83%, -79%, -89%, -66% and -36% value change respectively.
Even though the rate of Cryptocurrency adoption has been upped this year than before, the market cap of most Cryptocurrencies has contrarily went down drastically, giving investors headache.
Many have claimed that the upside which cryptocurrency saw towards the end of last year underpinned its adoption growth.