Although March seemed promising at the end of February, a historical dump occurred during the last month of the first quarter of the year. Leading cryptocurrency rapidly depreciated below $ 4000 from levels above $ 10,000. Despite the fact that bulls canceled about 50% of this fall, the third quarter ended in the red zone.

In general, the situation in the crypto industry according to the results of the first quarter does not look so deplorable due to the rally recorded in January.

The effectiveness of the top 10 coins in March and the first quarter of 2020

The previous month, very eventful for the events, ended for the majority of leading coins with a two-digit drop.

Only three of the top 10 coins fell by less than 30%. At the same time, the recent February leader Tezos (XTZ) depreciated most (-40%).

Other losers are not far behind Tezos, the difference in the correction of the Ethereum (ETH) and EOS rates is quite insignificant.

At the same time, the results of the first quarter (second column on the right) look slightly better than the monthly dynamics (fourth column on the right). At least among the top coins there are both depreciated and significantly strengthened.

In the third quarter of 2019, the BTC rate fell by 22%, and in the fourth - by 13%. Thus, the last 3-month period is the third consecutive quarter when BTC closed in the red zone, this time with a result of -11%.

In addition to BTC, the lines EOS (with the largest drop of -14%), XRP, Binance Coin (BNB) and Litecoin (LTC) are colored red in decreasing order of correction size.

There is still debate in the community about why the BTC rate has fallen so much in the past month. In particular, Coin Metrics analysts found that coins of short-term and relatively new investors came into motion. However, it is widely believed that the pandemic of the virus has become the main catalyst.

Oanda senior analyst Craig Earlam told Bloomberg reporters:

Bitcoin is a very speculative tool, therefore, in such periods of risk aversion, it, of course, is the first asset to sell. I assume that if someone held BTC as part of a portfolio, this asset would also be on the first line of the list of positions that must be closed to cover margin calls and losses in other markets.

The 10 most profitable crypto assets of March among the top 50 coins

• This list does not contain several profitable assets. He is alone. Among the top 50 most capitalized coins, only one coin completed March in the green area, and this is Bitfinex's Leo Token (LEO). The increase was almost 10%.
• The second line is occupied by FTX Token (FTT) with a mirror drop of 10%.

The 10 most unprofitable crypto assets of March among the top 50 coins

In the red list, each representative fell by more than 40%. Algorand (ALGO) is in first place thanks to a correction of 55%.

Profitable / unprofitable assets from the top 100/200

When moving from the top 50 to the top 100, the situation improves somewhat. Although, of course, there are a lot of red coins, eight green lines are found in the list, including LEO and not counting stablecoins. Coin Insolar (XNS) is in first place with an increase of 576%. It is followed by Numeraire (+ 92%) and the Poseidon Network (+ 91%). The Energi coin (NRG), which did not make it into the top three, has risen in price by 40%. The main loser Insure (SURE) depreciated by 70%, followed by Algo.

In the top 200 cryptocurrencies by market capitalization, only 21 coins went up in March:

• The first place goes to the Calfin Global Crypto Exchange (CGCX), whose rate jumped 587%.
• The second mentioned Insolar, followed by Streamr (DATA) with a 289 percent jump.

The asset of Folgory Coin (FLG) depreciated almost to zero, its rate fell in March by 97%. In second place is the red ranking - SURE, and then Swipe (SXP) with a correction of 69%. The remaining representatives of the list of ten most red coins from the top 200 lost more than 50% of their value.

Results of the first quarter of 2020 for the top 50 coins

Top 10 most profitable crypto assets of the first quarter of the top 50 coins

Unlike the March list, the 3-month green rating is really painted in this color - all ten coins went up in the first quarter of this year. The leader was the Hedera Hashgraph (HBAR) coin with an increase of almost 200%, and its pursuer Icon (ICX) went up by more than 100%.

10 most unprofitable crypto assets of the first quarter of the top 50 coins

There are also enough losers in the first quarter of 2020. Cosmos (ATOM) takes the first place, having depreciated by 55%, followed by the Synthetix token (SNX) with a 45 percent correction. The smallest damage caused by NEO - "Chinese Air" depreciated by 24%.

So, a new month and a new quarter began, and so far the situation looks encouraging. Moreover, next month there will be a halving in the BTC network, so traders and investors hope to see only green lines in the report for the next quarter.