Stellar’s XLM has emerged as the year’s best performing top ten altcoin under a relative indexing methodology which sees crypto price performances indexed to Bitcoin’s own price performance.
Using the relative price performance index (RPI) methodology with BTC taken as its base, Stellar has dipped a mere 7% (RPI 0.93) when comparing its relative price to that of Bitcoin on January 7th – the eve of the 2018 crypto-currency currency collapse – in comparison to its relative price to Bitcoin at the time of writing.
The RPI values for other leading alt-coins include XRP (0.46 – representing a 54% drop), ETH (0.43 – representing a 57% drop) and BCH (0.26 – representing a 74% drop) – revealing that Stellar has out-performed its nearest competitors by a factor of two when price performance is viewed under a RPI lens.
The news represents a positive slant for the Stellar project’s comparative performance to other cryptos in 2018, driven by exponential growth in the Stellar project’s visibility, making it a breakthrough year for the project.
However, the observation will be mitigated by the absolute falls registered by cryptocurrencies in 2018, with the combined total market cap of all cryptocurrencies having fallen from an all-time high of $822 billion on January 7th to a current value of $133 billion.
The brutal bear market of 2018 – the longest bear market in the ten year history of crypto – still shows no sign of abating, however, as crypto performance for the month of November registered the highest losses observed for any November over the last seven years.
[All figures sourced from raw data platformed on CoinMarketCap]