As the old saying goes, hindsight is 20/20. When it comes to Cryptocurrency ROI, data from CoinMarketCap.com tells the story and shows significant upswings and favorable returns, even with many of the leading Cryptocurrencies prices being down in recent past.
On April 23, 2017, BTC was trading at roughly $1225 per BTC. Fast forward to present day, and that same BTC is selling for closer to $8,600 per BTC. These stats represent a nearly 591% Annualized Return on Bitcoin, alone. Ethereum had an Annualized Return of almost 1,190%. Ripple returned around 2,630% for holding for this relatively short period.
Cryptocurrency ROI On Top Coins Excels
Year over year, the Bitcoin (BTC) retained top position in market cap. Ethereum (ETH) and Ripple (XRP) stayed in second and third, respectively.
Top ten cryptocurrencies from April 2017 no longer represented in 2018 include DASH, Ethereum Classic (ETC); Monero (XMR); NEM (XEM); Augur (REP); and MaidSafeCoin (MAID.)
Replacing them in the top ten ranks in April 2018 is BitcoinCash (BCH); EOS (EOS); Cardano (ADA); Stellar (XLM); IOTA (MIOTA); and NEO (NEO.)
While the Digital Asset and Cryptocurrency markets are known for their volatility, anyone who was investing in BTC and other leading cryptocurrencies a year ago and didn’t make any moves to sell when cryptocurrency prices crept upwards over the holidays still have excellent returns.