2017 was a huge year for cryptocurrencies in general and December was no different. Join us for the rundown of the standout performers and the disappointing underachievers as we dissect the winners and losers of the month.
We have rounded up the losers based on some pretty obvious criteria. General loss of momentum, drop in market capitalisation and overall market price. As you know by now trading cryptocurrencies is still an incredibly volatile market and losers in December may well be winners later on. So keep your eyes and ears on the game and we will continue to do our best to educate and guide you to success.
As for our more impressive winners, these current champions of crypto climbed the charts, set a record in terms of price progression for the year, and an impressive spike in market capitalisation. I’m sure it needs not being repeated but a winner today is not always a winner tomorrow. Let’s get into it then my fellow fearless cryptonauts.
Cryptocurrencies certainly became the buzzword of 2017. But whilst they skim the surface of public knowledge, those who are truly benefiting are few and far between.
With you here by my side let’s delve into December’s Winners and Losers!
ETC appeared in several listings of the best performing cryptos for the most part of the year 2017. This was on account of its rising price, market valuation and popularity. This could not go unnoticed for long during the year under review.
ETC started off its debut on the wonder coin chart at $1.85 in September 2016. It reached a peak of $47.26 on December 21st, only to plunge to a low of $27.21 by year-end.
The drop in its market price was a noticeable 47 percent weakening in exchange value to the USD making it the worst loser in terms of market price for the front liners.
Bitcoin is the flagship of cryptocurrencies and was able to wage a price Bull Run for the greatest part of the year. It opened 2017 at $880 to the USD.
It opened December 2017 at $10,859.56 to the USD and reached its height for the month at $19,535.70 on December 17th. It closed the year at $15,527.80 to lose 20 percent of its highest price run.
Bitcoin share of the cryptomarket share was at 65 percent at the beginning of December 2017. This dropped to about 40 percent as the year ended. It also ended the year as one of the biggest losers in terms of market share.
Litecoin opened the year at $4.01 to the USD, and its peak before December was $87.07 to the USD.
By December, as the other wonder coins took a surge in market price, Litecoin rose to 353.72 to the USD on December 18th to record its highest peak for the year.
As other wonder coins took a beating, Litecoin retreated to $234.32 to the USD in closing the year. The loss in value from its peak pricing was 33 percent for the month of December 2017.
Monero opened the year at $15.20 to the USD. It opened December trades at $176.46 to the USD.
Its peak for the month was $469.20 to the USD on December 20th. It shrugged off the downturn for wonder coins to end the year at $350.19 to the USD.
The loss of its height of price Bull Run for Montero came to 25 percent at the end of December 2017.
ETH surged by over 3,000 percent in the year 2017. When the year opened, it was $10.03 to the USD
It opened the month of December 2017 at $443.00 to the USD and reached its peak for the month on at $821.31 to the USD on December 21.
It closed the month at $723.38 and its loss for the month in terms of market price was only 9 percent.
ETH recorded losses for the month in terms of market price like most cryptocurrencies for the month of December 2017.
Ripple opened the year at $0.006 to the USD.
By December 1st, it traded at $0.2580 to the USD and closed the year at $2.27 to the USD.
It surged 880 percent with its closing market price of $2.27 to the USD at end of December.
Ripple was the biggest winner among cryptocurrencies for December 2017. Its market price leapt by 2179 percent during the year and has fought tooth and nail with Ethereum for the most part of the year.
It dethroned Ethereum from the second spot as the most capitalized cryptocurrency after Bitcoin at some point.
If its price run continues, it stands a chance to dethrone Bitcoin as the most capitalized cryptocurrency if it hits a market price of $10 before January 2018 ends.