Top performing cryptocurrencies in March were Tron and Binance Coin. The biggest losers were Neo, Ethereum and Cardano.
Another month has passed in crypto land and it is time to review the winners and losers over the past 31 days. March has been a pretty tumultuous month for cryptocurrency markets with a new low for the year on the 30th and markets continuing to slide at the end of the month. Overall crypto market capitalization has fallen 40% over the month from around $450 billion at the beginning of March to $270 billion at the end of it. Compared to February where markets fell by 9% over the month, March as been far worse and very few cryptocurrencies have ended the month higher than they began it.
March Crypto Winners
Tron is the only coin in the top 15 that has not lost ground in March. It hasn’t made much but that is a positive in a month that has been largely red across crypto markets. Starting out the month at around $0.042 TRX has crept up a percent or two to end it just over $0.043. In Bitcoin levels Tron has performed well moving from around 415 satoshis to end the month over 43% higher at around 600 sats.
Binance Coin has also made marginal moves upwards while all those around it have crashed. BNB started March trading at around $10.50 and ended closer to $10.70 representing a tiny increase. Against BTC is has done even better moving from 101500 satoshis to 151000 at month end, a rise of 48%. Positive company news about a Maltese move as it shrugs off the attempted hack has boosted Binance Coin.
March Crypto Losers
Ethereum has been absolutely crushed in March, starting the month trading around $860 and losing over 50% by the end of it. ETH has not been trading this low since late November 2017 when it made big moves from around $450 up to and over $650. ETH ends the month at its lowest point this year at $410.
Ripple has also taken a heavy beating in March with XRP falling 45% from $0.95 to $0.52 over the past 31 days. There has been a lot of positive news about Ripple’s new partnerships and expansions into new markets however this has failed to bolster XRP which has slid with the rest of the cryptocurrencies in March. Losses against BTC have been lower at 14% falling from around 8700 satoshis to around 7450.