January was a month of significant development in the cryptocurrency space. A meme coin directly linked to the president of the U.S. was launched and quickly became a big talking point worldwide, running into billions of dollars in capitalization on the way.
However, despite the frenzy and impressive returns, the Official Trump coin was not the most profitable cryptocurrency this month. Onyxcoin stole the limelight.
What happened: The Ethereum (CRYPTO: ETH)–based token exploded nearly 1400% in January, topping the monthly gainers list for the month.
XCN crossed a billion dollars in market capitalization on Jan. 26, a dramatic increase from a little over $70 million at the beginning of the year. Such values were last seen more than two years ago …
Full story available on Benzinga.com