Even though many people are expecting Bitcoin to rally upward, following the quadrennial halving event, it was not believed that the growth will be this earlier, nevertheless, investors’ prayers are answered.
Contrary to the crypto winter that was seen last year, the year 2020 has been quite a boom for the entire cryptocurrency market, safe for some altcoins that have virtually nothing to offer.
Bitcoin is now well above $10,000 psychological barrier and altcoins have also been quite impressive. However, some altcoins have been more than impressive this year.
While Bitcoin managed to only record about 58% growth this year, some altcoin’s growth has been gigantically imposing, giving their investors huge returns.
According to Coincodex, only about 6 cryptocurrencies have seen more than 1,000% growth this year. On a greater level, some altcoins are positioned on a higher pedestal as they have added over 5,000% to their value year-to-date.
In terms of year-to-date investment returns, DOS and BAND are the two most outstanding cryptocurrencies in the ecosystem of over 6,000 crypto coins at press time.
While DOS network rose by over 7,000% since the beginning of 2020, BAND recorded over 5,000% growth. The two cryptocurrencies are quite unsung in the market and are not known to many.
DOS Cryptocurrency and its Trend this year
Ranked 230 on CoinMarketCap with a value of $0.299 at press time, DOS cryptocurrency is a blockchain-enabled decentralized oracle service that was designed for enhancing the usability of blockchain technology by supporting multiple heterogeneous blockchains.
It makes use of real-world data and computation power to offer people a salable, secure, and efficient blockchain network.
DOS ranks top among the highest gainer on CoinMarketCap this week. According to Coincodex, the cryptocurrency has surged by 7,880% this year, starting with a unit market value of $0.003 against the US Dollar early 2020.
BAND Cryptocurrency and its Trend this year
The cross-chain data oracle network creating a bridge between real world-data and smart contracts, BAND, is among the top gainers this year. In fact, it is the second-largest gainer year-to-date, according to Coincodex.
At press time, BAND has surged by 5,479% since the start of the year, and it’s priced over $14. This is regarded as a generation gap compared to its $0.2 starting value for the year. In the last 30 days, the cryptocurrency which enables smart contract applications like DeFi, exploded by over 800%, and by over 1,000% in the last 90 days.
BAND is sometimes referred to as an ardent rival to Chainlink, because it is also decentralized oracle project.