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
gepubliceerd op Jul 11, 2019
by Cryptoslate | gepubliceerd op Coinage
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