In 2019, only a handful of altcoins gained the most liquidity, and managed to keep some of their gains over the years. Without an all-out altcoin season, most assets, despite their promises, remained obscure and continued to lose 90% of their value twice over.
Here is how the five most liquid coins and tokens, excluding stablecoins, fared over the past year.
Ethereum (ETH): This asset receives immense liquidity both from Bitcoin (BTC) markets, and from the leading stablecoin, Tether (USDT). ETH receives about $556 million in the past day flowing from the BTC market, and around $837 million from USDT. Over the course of the year, ETH has remained one of the most liquid altcoins, with funds flowing once again into smaller markets. But so far, only ETH has been able to partially absorb significant selling. ETH is about to end the year on par with its start, with a price around $132.39.
Litecoin (LTC): Despite its reputation as an inert asset, LTC is actually among the most liquid coins. LTC volumes are above $3.12 billion per day, often reaching $5 billion, and despite not being at the top, LTC remains a part of the crypto trading infrastructure. LTC can al...
