These digital currencies shook the “Bitcoin” throne in 2020
Despite the losses that have afflicted all investment and economic sectors during the current year due to the pandemic the world is going through and the severe losses that the “Corona” virus left behind, but digital currencies were able to slip throne of the most famous and strongest currency in the world ” Bitcoin “.
in the beginning of the current year until this morning’s trading, digital currencies reaped gains amounting to about $ 163.8 billion, up 86.43%, after the total market value rose from $ 189.5 billion at the end of last year’s trading to the level of $ 353.3 billion in morning trading.
The top 5 digital currencies accounted for $ 110.5 billion of the total gains achieved by digital currencies, accounting for 67.46% of the total gains. While these currencies accounted for about 78% of the total market value of digital currencies, with the five currencies recording a market value of about $ 276 billion.
At the forefront of the currencies that achieved the highest rate of increase in their market value came the currency “Tees”, which increased its market value from the level of 4.1 billion dollars at the end of last year’s transactions to the level of 15.2 billion dollars in today’s morning trading, achieving an increase of 270% since the beginning of this year until right Now.
The currency “Ethereum” rose by 184.3% after its price rose from $ 134 at the end of last year to the level of $ 381 in morning trading, winning about $ 247. Its market value rose from 14.6 billion dollars to about 42.9 billion dollars, winning about 28.3 billion dollars since the beginning of the year.
And the currency “Bitcoin”, the most powerful in the digital currency market, rose by 47.54%, winning about $ 3529, after its value rose from the level of $ 7422 at the end of last year’s trading, to about $ 10951 in morning trading.
The total market value rose from the level of 134.5 billion dollars at the end of last year’s transactions to about 202.5 billion dollars, winning about 68 billion dollars, an increase of about 50.5%.
Since the beginning of the year, the currency “XRB” has recorded gains of 39%, winning about $ 0.07 after its value rose from the level of $ 0.179 at the end of last year’s trading to about $ 0.249 in morning trading. Its market value increased by 31.7%, winning about $ 2.7 billion, after its market value rose from $ 8.5 billion at the end of 2019 to about $ 11.2 billion in morning trading.
Bitcoin Cash also rose by 8.5%, winning about $ 18, after its price rose from $ 212 at the end of last year to about $ 230 in trading this morning. Its total market value rose by 10.5% after it gained about 0.4 billion dollars, up from the level of 3.8 billion dollars at the end of last year’s transactions to about 4.2 billion dollars in trading this morning.