Best Cryptocurrencies in 2017
2017 was a tremendous year for crypto currencies in terms of gains. In 2017 BTC rose from under $1,000 to as high as $20,000. On January 1st 2017, the top five coins in terms of marketcap were Bitcoin, Ethereum, Ripple, Litecoin, and Monero. The thing I was interested in finding out was, out of those top 5 crypto coins, which one realized the largest gain over 2017. What the numbers show is quite surprising!
1 Year Gains of Top 5 Cryptos on Jan. 1, 2017
How much money would you have at the end of the year if you invested $1,000 into BTC on January 1, 2017? What About ETH, XRP, LTC, and XMR? He is what the math says (in order from largest to smallest gain).
- Ripple (XRP): $1000 Invested in XRP on Jan. 1, 2017 is worth $324,159.02 on Dec. 31, 2017
- Ethereum (ETH): $1000 Invested in ETH on Jan. 1, 2017 is worth $87,368.04 on Dec. 31, 2017
- Litecoin (LTC): $1000 Invested in LTC on Jan. 1, 2017 is worth $50,343.25 on Dec. 31, 2017
- Monero (XMR): $1000 Invested in XMR on Jan. 1, 2017 is worth $24,896.91 on Dec. 31, 2017
- Bitcoin (BTC): $1000 Invested in BTC on Jan. 1, 2017 is worth $13,675.35 on Dec. 31, 2017
Ripple (XRP) Makes The Largest Gains in 2017
It is not even close. $1,000 invested in Bitcoin at the beginning of 2017, would have been worth over $13,500 at the end of the year. Being a BTC holder, I still feel robbed after taking a look at the gains of Ripple (XRP). $1000 invested in XRP on Jan. 1, 2017 is worth a whopping $324,000! Yes, those numbers are correct. Three hundred and twenty four thousand dollars!