We are now at the tail end of 2019, so it is already safe to assess the yearly performance of all cryptocurrencies. There have been some magnificent gainers, like Synthetix (SNX), which has put a remarkable 2613% gains, and Matic Network (MATIC) with 699% increase. But, of course, there were many losers that had negative yearly performance.
The list of “losers” include Qtum (QTUM), a coin that has decreased in value by -21,96% over the course of the year. It can be viewed as a bad result, considering that most neighboring coins were in green this year. This could mean that Qtum can fall lower in the Coinmarketcap ranking (it presently holds the 34th spot) if the poor showings persist.
However, as every experienced trader knows, one shouldn’t rely only on bullish scenarios and build his trading strategy accordingly. The market always moves in waves; therefore, there is a high possibility that soon Qtum would reverse the bearish trend and enter the green territory. But that is unlikely to happen in the next couple of weeks.