Digital tokens resurrect with value addition after crypto winter |
According to OnChainFX, the top 1o legitimate exchanges deliver the trading volume for measuring the real trading volume of the digital assets. Data collected from the LONG HASH website revealed that the majority of tokens had declined to half of their value since attaining the ATH. The most shocking results came out for ETHLend, based on the Ethereum blockchain that used the digital tokens in the form of collateral for transactions. LONG HASH quoted that ETHLend offered a decentralized peer-to-peer smart contract lending in the crypto-ecosystem. The ETH-based token was trending as the investors were constantly using ETH for transactions, which led to its surge before the bear attacks on the market.
Tokens such as Holo and Ravencoin maintained their value equivalent to 50% of their ATH as they were initiated after the 2017 bull run. It came as a surprise for crypto users after tokens like Binance Coin and ChainLink underwent resurgence to achieve their ATH, that was higher than the previous ATH mark.
Source: LONG HASH
As per the graph, tokens achieved their ATHs from December 2017 to January 2018 and then plummeted. Many of the investors missed out on this bull rush in the crypto market. As the market conditions did not remain the same for a longer duration, tokens slipped into the phase, commonly known as the crypto winter, among the digital asset enthusiasts.
LONG HASH shared growth rate of ChainLink and tweeted,
“Chainlink (LINK) is having a pretty good day”.
Some tokens like BNB and LINK have been performing well and the community can take comfort from this.
The post Digital tokens resurrect with value addition after crypto winter appeared first on AMBCrypto.
OhNoCrypto via https://www.ohnocrypto.com/ @NeoSatoshi, @Khareem Sudlow