THE MOST PROFITABLE CRYPTOCURRENCIES (MAY 2019)

Although the recent price spike in the cryptocurrency markets is tiny compared to what was seen in the second half of 2017, both investors and analysts are keen to discover whether the current price action constitutes or not the beginning of a higher price trend that will persist for the coming year.

Since the cryptocurrency markets plummeted in early 2018, traders, investors and analysts have been speculating about when the cryptographic markets could possibly return to (or exceed) their previously established historical highs.'

This event has been aptly nicknamed « altseason «, and represents the mythical resurrection of the cryptocurrency markets.

Mati Greenspan, eToro's main market analyst, believes that markets are currently in the "altseason", as multiple individual currencies have been able to recover decently from their historical lows.

"As we have been discussing for several weeks, the cryptography market is currently in full altseason. This is a necessary process in which many of the cryptocurrencies and ICOs junk of 2017 are losing their value as investors discard them in exchange for chips with greater potential, "he explained in a recent email.

Although most cryptocurrencies are still 80% or even 90% below their historical highs, the recent price action may indicate that investors believe that markets have already found a long-term fund and are ready to start to recover.

As a sign that markets are actually experiencing the altseason currently, many individual tokens have emerged during the past few weeks.

In fact, since the beginning of 2019, there are more than 20 individual alternative currencies in the market that have doubled their value. Some have even increased about 8 times in price during the quarter.

The foolish profits are proof enough that the cryptocurrency market is in an altseason. Some cryptocurrencies have appreciated more in the last quarter than traditional assets in the course of a ten-year investment, to put things in perspective.

At the top of the list of winners in percentage, are little known cryptoactives such as Arcblock, Crypto.com Chain or RavenCoin . Raven investors enjoyed a profit of more than 300%, according to data from Coincheckup.

The rest of the list is completed with a variety of low and medium capitalization altcoins, along with the recent Basic Attention Token , and the apparently unstoppable Binance Coin , which has done almost 250% since January 1.

Most profitable cryptocurrencies (May 2019):

1- ArcBlock

Performance in the last 90 days: + 685% (05/15/2019)
ArcBlock is a platform for building and deploying decentralized blockchain applications. It bills itself as a complete blockchain 3.0 product platform to easily build, deploy and manage applications.

The ABT ERC-20 token works as payment in the Arcblock ecosystem.

2- Ravencoin

Performance in the last 90 days: + 465% (05/15/2019)
Ravencoin (RVN) is an open source block chain project that specializes in the creation and transfer of assets between pairs. Ravencoin allows users to create and market any asset in the real world (for example, merchandise) or digital (for example, virtual merchandise) in a network. The main developers launched Ravencoin on January 3, 2018. The project has some prominent sponsors: Bruce Fenton, board member of the Bitcoin Foundation, advises the team, while Overstock has made a multi-million dollar investment in the project.

3- Crypto.com Chain

Performance in the last 90 days: + 434% (05/15/2019)
Crypto.com was founded in 2016 with the aim of accelerating the world's transition to cryptographic currencies. Key products include: the Crypto.com Wallet & Card App, a place to buy, sell and pay with cryptocurrencies, the MCO Visa card, a metal card with no annual fees, and the Crypto.com Chain currency, which allows users pay and receive payments in cryptoactive, anywhere, for free. Crypto.com is headquartered in Hong Kong with a team of more than 120 people.

4- Enjin Coin

Performance in the last 90 days: + 377% (05/15/2019)
Since its foundation in 2009, Enjin has launched a gaming community platform called Enjin Network and has grown it to have more than 20 million users.

In 2017, after an ICO that supposedly raised 18.9 million dollars, Enjin has been building a set of blockchain products focused on the user that aims to allow anyone to create, manage, trade, store, explore, distribute and integrate assets of chain blocks.

The Enjin ecosystem (comprising the platform Enjin, Explorer, Wallet, Beam) aims to empower players with the ownership of digital assets and allows companies in the gaming industry to increase their revenues. Enjin tools and services can also be used by companies seeking to create blockchain products or use digital tokenized assets.

The Enjin ecosystem is powered by Enjin Coin (ENJ), a cryptocurrency based on Ethereum that is used to directly support the value of the assets of the block chains.

5- Tezos

Performance in the last 90 days: + 322% (05/15/2019)
Developed by former Morgan Stanley analyst Arthur Breitman, Tezos (XTZ) is a multipurpose platform that supports decentralized applications and smart contracts. Its objective is to combine a self-correcting protocol and chain governance to manage network modifications. Participants vote on amendments to the protocol, including amendments to the voting procedure itself, to reach a social consensus on the proposals.

6- Basic Attention Token

Performance in the last 90 days: + 208% (05/15/2019)
Led by Brendan Eich (JavaScript creator and co-founder of Mozilla), the Basic Attention Token (BAT) project is a decentralized and open source ad exchange platform built on the Ethereum platform. The project seeks to address fraud and opacity in digital advertising.

The objective of the token is to correctly set the price of the user's attention within the platform. The advertisers pay BAT to the editors of websites for the attention of the users. The BAT ecosystem includes Brave, an open source, privacy-focused browser designed to block crawlers and malware. Take advantage of blockchain technology to anonymously and securely track users' attention and reward publishers accordingly.

7- Binance Coin

Performance in the last 90 days: + 207% (05/15/2019)
Binance Coin (BNB) is the cryptocurrency of the Binance platform. The name «Binance» is a combination of «binary» and «finance». As of 2019, many companies accept the BNB as a form of payment.

The BNB token itself has multiple forms of utility, being essentially the underlying fuel that feeds the Binance Ecosystem.

In the future, Binance will build a decentralized exchange, in which the BNB will be used as one of the key core assets, as well as the "gas" to be spent on it.

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