The Month of Exchange Tokens

Month of Exchange Tokens
MARCH 2019
01.04.2019
THE MONTH OF EXCHANGE TOKENS
CHRISTIAN OTT
AUTHOR
Introduction
March 2019 has undoubtedly been the month of exchange tokens. Driven by the hype of initial exchange offerings and more interest going into investing in the crypto market again after stable prices for months (in contrast to the constant downfall in the second half of 2018), many exchange tokens saw massive gains. In this article, I compiled a ranking of exchange tokens by their price increases against Bitcoin in March, which you can see below:

The percentage values are the increase of the token price against Bitcoin’s price, comparing the opening price on 2019-03-01 to the closing price on 2019-03-31. The market cap is based on the closing price on 2019-03-31. Data is from coinpaprika, CoinGecko and CoinMarketCap.
0.110 MILLION USDMARKETCAP:TIDEXEXCHANGE:TDX-19%0.090 MILLION USDMARKETCAP:TOPBTCEXCHANGE:TOPB-20%1.012 MILLION USDMARKETCAP:BLOCKTRADEEXCHANGE:BTT-17%6.021 MILLION USDMARKETCAP:TRADE.IOEXCHANGE:TIOX-36%0.615 MILLION USDMARKETCAP:IDEXEXCHANGE:IDXM-12%0.386 MILLION USDMARKETCAP:METAMORPHEXCHANGE:METM-10%5.053 MILLION USDMARKETCAP:IDEXEXCHANGE:AURA-8%27.940 MILLION USDMARKETCAP:LATOKENEXCHANGE:LA-6%41.591 MILLION USDMARKETCAP:BANCOREXCHANGE:BNT+16%162.977 MILLION USDMARKETCAP:SEVERALEXCHANGE:BTS+21%2.443 MILLION USDMARKETCAP:SWITCHEOEXCHANGE:SWTH+22%4.283 MILLION USDMARKETCAP:COBINHOODEXCHANGE:COB+23%48.972 MILLION USDMARKETCAP:LIQUIDEXCHANGE:QASH+25%10.511 MILLION USDMARKETCAP:COSSEXCHANGE:COSS+31%2,533.648 MILLION USDMARKETCAP:BINANCEEXCHANGE:BNB+57%0.757 MILLION USDMARKETCAP:OTCBTCEXCHANGE:OTB+59%?MARKETCAP:DIGIFINEXEXCHANGE:DFT+64%6.580 MILLION USDMARKETCAP:BIT-ZEXCHANGE:BZ+66%46.918 MILLION USDMARKETCAP:KYBER.NETWORKEXCHANGE:KNC+71%2.889 MILLION USDMARKETCAP:BITMARTEXCHANGE:BMX+83%0.373 MILLION USDMARKETCAP:BITIBUEXCHANGE:BTB+82%75.694 MILLION USDMARKETCAP:DIGITEXEXCHANGE:DGTX+87%0.345 MILLION USDMARKETCAP:HOTBITEXCHANGE:HTB+94%104.183 MILLION USDMARKETCAP:HUOBIEXCHANGE:HT+101%346.372 MILLION USDMARKETCAP:ZBEXCHANGE:ZB+137%563.323 MILLION USDMARKETCAP:OKEXEXCHANGE:OKB+140%1.375 MILLION USDMARKETCAP:COINEXEXCHANGE:CET+149%?MARKETCAP:FCOINEXCHANGE:FT+190%2.576 MILLION USDMARKETCAP:BGOGOEXCHANGE:BGG+197%54.413 MILLION USDMARKETCAP:BIBOXEXCHANGE:BIX+197%151.691 MILLION USDMARKETCAP:KUCOINEXCHANGE:KCS+247%1.934 MILLION USDMARKETCAP:NEXT.EXCHANGEEXCHANGE:NEXT+315%61.616 MILLION USDMARKETCAP:BITMAXEXCHANGE:BTMX+506%3.212 MILLION USDMARKETCAP:ETERBASEEXCHANGE:XBASE+616%MARCH 2019EXCHANGE TOKEN GAINS
Wrap-up
As we can see, the prices of exchange tokens have been increasing throughout the market. The tokens of Eterbase, BitMax, Next.exchange and Kucoin have been the top performers with price increases way over 200% in March 2019. Adding to that, other tokens have seen massive gains as well: The average price increase against Bitcoin of all 34 listed tokens was 102%, with 20 tokens gaining more than 50% against Bitcoin and just eight of the 34 losing value throughout March. Is that kind of growth sustainable? Are these signs of a returning bull market? Only time will tell…