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%