If an investor purchased $1,000 in crypto at the market's top how much would their investment be worth at today's prices?
During 2017, the crypto markets came to a head as the confluence between rising prices, media attention, feverish initial coin offerings, and 100x altcoin breakouts lead the market to crescendo to highs yet to be matched again.
Now as the cryptocurrency markets rally, how would an investor have fared if they made a $1,000 investment at the peak of the market?
Below is the list of cryptocurrencies ranked by market capitalization at the market peak on Jan. 7, 2019.
3/4) IOTA and XRP: Pundits described IOTA and XRP as two of the most "Hyped" projects of the 2017 bull market.
As the markets corrected, investors may have realized that these solutions were still far from widespread market traction.
Part of the reason may stem from Bitcoin's typical role in market cycles.
Based on previous bull markets, altcoins do not peak until Bitcoin finishes its rally.
During the 2017 bull market, the altcoins that more closely correlated with BTC-Litecoin and Bitcoin Cash-peaked in December, shortly after Bitcoin.
The markets may have "Learned its lesson" on altcoins since the last boom and bust, claiming altcoins may never see another parabolic market.
How much $1,000 invested in Bitcoin, Ethereum, XRP, Litecoin at the 2017-18 market top would be worth today
Publicado en Jul 11, 2019
by Cryptoslate | Publicado en Coinage
Coinage
Mencionado en este artÃculo
Noticias recientes
Ver todo
Blockchain Bites: Bitcoin's Run, Uniswap's Hemorrhaging Value, Anchorage's Banking Bid
Bitcoin is nearing all-time highs in price and market cap last set three years ago.
Japan's megabanks to lead experiment with digital yen
We have, in order, Cheese Bank with a $3.3 million theft, Akropolis with its $2 million loss, Value DeFi with a whopping $6 million exploit and finally Origin Protocol's loss of $7 million.
Number of new Bitcoin addresses spikes amid growing FOMO
Japan's three largest banks, as part of a group of 30 private sector actors, are set to collaborate on an experiment with a digital yen.
Not just Wall Street: Quant trader explains why Bitcoin price is going up
Sam Trabucco, a quantitative trader at Alameda Research, believes four general factors are pushing up the price of Bitcoin.