Coin Race: Top Winners/Losers of March and 1st Quarter of 2021
cryptonews.com
01 April 2021 15:34, UTC
March came and went, and in-between we had a myriad of major news coming the Cryptoverse's way. BTC didn't miss out on a chance for a new all-time high either, surpassing USD 61,500. But let's check out the situation in more detail below.
Top 10 Coins in March & Q1
For BTC, it was the sixth month of consecutive gains. Also, among the top 10, there is a single coin whose price fell over the past month: Cardano dropped 4.3%. However, at the very end of March, IOHK, the developers behind Cardano, announced that ADA’s block production is fully decentralized, with stake pool operators in the community now responsible for the blocks produced.
Yet, other coins saw significant increases to their prices, with the winner of the ten being filecoin (FIL), entering this list with a whopping 445% rise. It's the only coin with a triple-digit rise. This could be a result of a number of news that came in March surrounding the project, including Internet company The9 Limited purchasing Filecoin mining machines and hosting agreement amounting to approximately USD 2m with a Filecoin mining service provider, as well as Grayscale Investments announcing its new Filecoin Trust.
The other coins all had double-digit increases in March, ranging from DOT's 14% to BNB's 38%.