Here are the 5 Most Profitable Companies in the Bitcoin (BTC) Ecosystem YTD: Details
TL;DR
- Core (CORE) has significantly outperformed Bitcoin and many other major cryptocurrencies with a 350% price increase this year.
- Other digital assets related to the BTC ecosystem, such as Sovryn (SOV) and Ordiswap (ORDS), also reported notable gains, with increases of 210% and 100% respectively.
Bitcoin (BTC) has been making serious Waves since the beginning of the year, with its price rising from around $42,000 on January 1st to almost $67,000 on April 24th (a 60% increase). However, some cryptocurrencies related to its ecosystem have witnessed even more significant gains during the same period, and Core (CORE) is a perfect example of this.
It is a new blockchain that takes advantage of Bitcoin’s Proof-of-Work network and delegated Proof-of-Stake consensus mechanism to offer greater security, scalability, and decentralization.
Its native token CORE is currently worth around $2.51 (according to CoinGecko data); This is a 350% increase compared to the $0.55 observed at the beginning of 2024.
CORE Price, Source: CoinGecko
The price of the asset was even higher in early April, briefly breaking the $4 barrier, while its market cap surpassed the $3.5 billion milestone and settled at the current level of around $2.2 billion.
Sovryn (SOV) Coming Next
The protocol, which runs on a Bitcoin sidechain called Rootstock Smart Contract (RSK), has also witnessed a significant revival in the last few months.
Its native token, SOV, is up 210% year-to-date and is currently trading at around $2.10. But its price performance is a far cry from its glory days in 2021, when a single coin was worth over $35.
SOV Price, Source: CoinGecko
Ordiswap (ORDS)
Ordiswap is the first Automated Market Maker (AMM) designed for the BTC blockchain. Her Mother aim ensuring liquidity and decentralized trading directly into Bitcoin’s native layer.
AMM’s governance cryptocurrency, ORDS, was launched at the end of December last year and has surged 100% since then. It rose to an all-time high of $0.26 last month and then returned to its current level of $0.10.
ORDS Price, Source: CoinGecko
LeverFi (LEVER)
This is a decentralized leveraged trading platform. Native token called LEVER. The latter is up 98% since January 1, 2024. It is also among the notable gains today (April 24), recording a 10% increase. increase on daily scale.
LEVER Price, Source: CoinGecko
LEVER’s market capitalization recently rose above $120 million for the first time. right now It is around 100 million dollars.
bitcoin cash (BCH)
The popular hard fork blockchain split from Bitcoin in 2018. It also finds its place on the list. It completed its second halving in early April, and its price increased significantly in the months leading up to the event. Two weeks ago BCH reached a multi-year high above $700 but was in a downtrend late hours.
Currently a single token is worth around $500, which still represents a 93% increase. compared to the observed figure beginning of the year.
BCH Price, Source: CoinGecko
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