Ethereum has outpaced its rival cryptocurrencies since the start of 2018

Ethereum is the best performing major cryptocurrency so far in 2018.

The second-largest coin by market cap has gained 46% since January 1, compared to the overall market’s 15% drop.

The global cryptocurrency market might have lost 15% – or $US93 billion of value – since January 1, but not all coins have declined equally.

Ethereum has fared well in 2018, avoiding the drastic selling that has left other coins in the red. The second-largest cryptocurrency by market cap is up more than 46% this year, according to Markets Insider data, far outpacing bitcoin’s25% decline.

XRP, the third-largest cryptocurrency, controlled largely by its creating company Ripple, is down more than 45% since January 1.

Cryptocurrencies worth less than $US1 billion haven’t fared well either. The fourth-largest digital coin, bitcoin cash, has plunged 35.9% so far this year.

2018 has been marked by wild price movements, often over 10% in either direction, as fears of regulation in the US and abroad routinely wipe out billions of dollars in market value on any given day. That’s a near complete departure from 2017, a year in which prices seemed to move upward at a breakneck pace.

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Source: Ethereum has outpaced its rival cryptocurrencies since the start of 2018 | Business Insider