Crypto market update: 1st of April 2019 - 30th of April 2019
Every month we will share with you how the market has been behaving using our simulation software.
Worst altcoin month so far
April 2019 is behind us and like every month we analyze how the crypto market performed. We always use our own simulation software to do so. In the simulation we bought 129 coins on Binance on April 1st, and sold them all on May 1st. Although March was very good for altcoins, in April Bitcoin completely took over. Bitcoin outperformed all altcoins which is incredibly rare!
Overall 93% of all altcoins went down in April (average performance was -30.3%!). Best performers were $BTC, $BCHABC, $DGD, $BAT, and $NANO. Biggest losers were $PIVX, $ENG, $DLT, $AMB, and $FUEL. BTC dominance went up from 50% to 56%! Can Bitcoin break 6000 in May?
Figure 1. Showing the coins with the biggest gains and losses for April
Figure 2. April has been the worst month of the entire last year!
Tell us what you think! We would be really happy to hear your opinion! If you want to share your thoughts, or are interested in the complete dataset, just drop us a line on our twitter account
Written by David
IT Developer for 100eyes by night, Sr Data Scientist by day