There’s only one survivor of this year’s cryptocurrency slaughter: VeChain

There's only one survivor of this year's cryptocurrency slaughter: VeChain

Source: VeChain Foundation

All of the top 20 cryptocurrencies by market cap are down for the year. Except for one, VeChain.

 

That digital currency has gained more than 28 percent since January 1, which one analyst says is thanks to big-name partnerships and a unique structure that incentivizes investors not to sell.

Prices of most cryptocurrencies have suffered this year following regulatory crackdowns and news of hacks. For the top three by market cap, bitcoin is down more than 44 percent, ethereum has fallen 40 percent, and ripple is down 74 percent this year, according to data from CoinMarketCap.

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