How much would investing in some cryptocurrencies have brought counting from the beginning of the year?
In this article, we will look at how profitable it is to invest in various cryptocurrencies on the example of the profitability of 6 of them when investing $1 000, starting from January 1, 2020, and up to the present day.
- Bitcoin Cash
In early January, the XPR coin was quoted at $0.193. In March, against the background of the general fall in financial markets, the price of XRP fell to $0.127. Over the autumn period, the coin showed an increase of $0.5, rising from the initial rate of $0.28 to $0.77. If one had bought tokens for $1 000 at the beginning of the year, he could now sell them for $3 100.
Interest rate return: 310%
On January 1, the Bitcoin exchange rate was at $6 950. On March 13, the Bitcoin exchange rate fell to a minimum of $3 800. In the period from September to November, BTC quotes showed an increase of $7 500, rising from $11 900 to $19 400. Thus, if one had bought a cryptocurrency at the beginning of the year for $1 000, he could now earn $1 264.
Interest rate return: 26.4%
- Bitcoin Cash
At the beginning of 2020, the value of this asset was $204. On March 13, Bitcoin Cash reached a local minimum of $138. From September to October, Bitcoin Cash went up by $98, starting at $270 and rising to $368. If you had invested $1 000 in an asset at the beginning of the year, you could earn $1 370 by now.
Interest rate return: 137%
At the beginning of this year, Chainlink quotes were at $2.80. Chainlink has become the most profitable asset in the last six months by capitalization. On March 13, its price was $1.72. During the fall, this asset showed, oddly enough, a rise of only $0.4, rising from the level of $15.8 to $16.2. Coins that had been purchased at the beginning of the year for $1 000 could now be sold for $7 220.
Interest rate return: 722%
As of 01.01.2020, the largest altcoin by capitalization was worth $130. On March 12, the exchange rate fell to $109. In the fall, ETH showed a positive trend in the form of $191, which was characterized by rising from $430 to $621. An investment of $1,000 at the beginning of the year would increase to $4 430 by now.
Interest rate return: 443%
On January 1, the price of one Litecoin coin was $41.6. The cost of Litecoin in the middle of March fell to $27. From September to November, the increase in value was $31, rising from $61 to $92. An investment of $1 000 in this asset at the beginning of the year would bring $1 920.
Interest rate return: 192%