It wasn’t the best start to the year for Bitcoin, or for any commodity for that matter. With the Covid-19 pandemic and global economic chaos, Q1 of 2020 saw Bitcoin close with -10% returns (S&P 500 was down -19% to put things in perspective), but that wasn’t the case for every cryptocurrency. Let’s explore the top 3 coins that have outperformed Bitcoin this year.
Presearch saw a very successful first quarter displaying growth of 5.60x against the US dollar. The project revolves around building a decentralized, community-powered, next-generation search engine and saw a fruitful amount of interest from the industry. Kucoin listed Presearch’s native token, PRE, on their exchange, while Presearch launched their Keyword Staking ad platform. What is Keyword Staking you ask?
“Keyword Staking enables token holders to commit or ‘stake’ their PRE tokens against specific words and multi-word terms.
With Presearch Keyword Staking you choose a keyword (ex. ‘Bitcoin’) and then stake PRE tokens that you’ve purchased or earned against that term. You can then create an ad that you link to the website of your choice.”
This next-generation search engine also added the support of two new wallets to their already impressive list, SugiCard and Arkane Network. A busy Q1 saw successful results for Presearch, outperforming Bitcoin and all.
Hedera Hashgraph (HBAR)
Hedera Hashgraph is a decentralized public network allowing anyone from any industry to create a new wave of secure applications.
“Hedera is designed for fast, fair, and secure applications to take advantage of the efficiency of hashgraph on a decentralized, public network you can trust.”
Established in 2018, Hedera has seen growth over the first quarter of 3.20x against the US dollar. As other commodities crashed, this impressive growth can be attributed to their successful Q1 endeavours. The project recently welcomed Google and Wipro Limited to their impressive governing council. Another win for the platform was that Atomica wallet announced their support for Hedera’s token, HBAR, as well as Ledger and Nano X and Nano S wallets.
Tap is a one stop shop for crypto trading. Both a wallet and a trading platform, Tap offers unique trading tools, a secure cold wallet to store your funds, as well as a crypto card that allows you to instantly spend your crypto (or fiat) on the highstreet. After offically launching in February 2020, Tap saw significant gains in Q1, alongside their XTP listing on Bittrex. XTP saw growth against the US dollar of 3.12x.
“Get split-second access to crypto trading and payments with our revolutionary Tap trading app and contactless, Tap prepaid Mastercard. Seamlessly trade crypto & fiat currencies with one tap of a finger/ instantly spend your crypto assets with one tap of your card.”
The project boasts unique trading features that scan several crypto exchanges to find you the best rate, a partnership with Mastercard (the first crypto partnership for Mastercard) as well as being fully licensed and regulated by the Gibraltar Financial Services Commission.
Tap made it to number one of our top 3 coins that have outperformed Bitcoin this year as this project is relevant to both industry insiders as well as crypto newbies, the platform provides a distinctive service to all flavours of the crypto community.
Crypto Coins That Have Outperformed Bitcoin
With a rather dire first quarter behind us, we’re interested to see what transpires in the crypto market ahead of us. 2020 is set to be an exciting year, what with the Chinese Yuan and Facebook’s new Libra coming into fruition. As Bitcoin usually sets the speed for the rest of the crypto market, it’s great to see that 3 coins have still managed to outperform Bitcoin this year.
Hitesh Malviya is the Founder of ItsBlockchain. He is one of the most early adopters of blockchain & cryptocurrency enthusiast in India. After being into space for a few years, he started IBC in 2016 to help other early adopters learn about the technology.
Before IBC, Hitesh has founded 4 companies in the cyber security & IT space.
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