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Crypto Basket Performance at WEB 2017
Key Points
- Here's how much $1000 invested in each of the five largest cryptocurrencies would have returned at the end of WEB 2017:
- Bitcoin: $1,340
- Ethereum: $4,200
- Ripple: $2,800
- Bitcoin Cash: $2,200
- Litecoin: $1,500
Analysis
These results show that Ethereum was the best performing cryptocurrency in 2017, with a return of over 400%. Bitcoin, the largest cryptocurrency by market capitalization, also performed well, with a return of over 30%. Ripple, Bitcoin Cash, and Litecoin all had respectable returns as well, with each returning over 200%.
It is important to note that these are just the returns from the five largest cryptocurrencies. There are many other cryptocurrencies that have performed even better in 2017. However, these five cryptocurrencies represent a good cross-section of the cryptocurrency market and provide a good indication of the overall performance of the market.