Altcoins That Performed Well in the First Quarter of 2020

CoinMarketCap (CMC), known as the Bitcoin and cryptocurrency data provider, ranked the best and worst-performing altcoins in the first quarter of 2020. Here are the altcoins that performed nicely in the first quarter of 2020. According to the ranking of CoinMarketCap, the top-earning and losing altcoins in the first quarter of this year. According to the report titled "Crypto Market and User Trends" released by CoinMarketCap, which is frequently mentioned as the leading Bitcoin and crypto money market data provider, there is a handful of digital leaps in the first quarter of 2020. CoinMarketCap revealed that controversial altcoin Bitcoin SV (BSV) maintained its lead in the list after rising 76%. UNUS SED LEO earned more than 26%, and ChainLink (LINK) market value grew by 25.4%, followed by LEO. In addition, Thesis (XTZ) increased by 20%, while Bitcoin Cash (BCH) increased by more than 10%. CoinMarketCap emphasized that these cryptocurrencies can float against the flow as investors seek liquidity and sell their risk assets in the first quarter. Also, the market value of Bitcoin faced a sharp reaction as the price for the quarter ended March 31 fell by about 10%. Among the large capital cryptocurrencies, EOS exceeded 16% of its market value, making it the biggest loser. Ripple (XRP) and Binance Coin (BNB) took their place in the losers list with losses of 8.16% and 7.98% respectively.

Young Investors Show Intense Interest In Bitcoin And Altcoins

According to the report released by the CMC, it shows an intense interest in cryptocurrencies of young investors. Compared to the previous quarter, nine countries have seen a significant improvement in users aged 18-24:

• Nigeria: 210.6% growth.
• Spain: 120.7% growth.
• Canada: 112.45% growth.
• Mexico: 97.33% growth.
• UK: 91.48% growth.
• Colombia: 85.07% growth.
• India: 83.07% growth.
• Pakistan: 81.79% growth.