WEB 2017 Crypto Basket Performance
How Much Would You Have Made If You Invested $1,000 in Each of the Five Largest Cryptocurrencies in the World at the Start of 2017?
If you had invested $1,000 in each of the five largest cryptocurrencies in the world at the start of 2017, you would have made a significant profit by the end of the year. According to data from CoinMarketCap, Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Bitcoin Cash (BCH), and Litecoin (LTC) all experienced significant price increases in 2017. Bitcoin, for example, increased in value by more than 1,300%, while Ethereum increased by more than 9,000%. As a result, a $1,000 investment in each of these five cryptocurrencies would have been worth more than $13,000 by the end of the year.
Here is a breakdown of how much each investment would have been worth at the end of 2017:
- Bitcoin: $13,180
- Ethereum: $9,190
- Ripple: $3,240
- Bitcoin Cash: $2,850
- Litecoin: $1,830
It is important to note that the cryptocurrency market is volatile and prices can fluctuate significantly. As a result, it is important to do your own research before investing in any cryptocurrency.
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