The crypto-world was full of surprises in 2017. Bitcoin was considered by experts to be a joke, bubble, scam, ponzi scheme or all together just twelve months ago. But today cryptocurrencies play a huge part in financial world. According to Coinmarketcap chart, there is nearly $700 Billion in market capitalization at the moment. Compared to the $18 Billion at the beginning of 2017, this is significant change pointing to the massive hype among people around the world.
#1 is not in top 10
Bitcoin, however, was not the fastest growing cryptocurrency of the past year. With its 2100% at the maximum it didn’t even get into the first ten. If you were purchasing coins at the beginning of the year, the best choice was Ripple – a payment system designed for banks.
Ripple to rule them all
Ripple offers fast and secure payments. Lots of banks around the world are implementing this technology, which basically is used for international money transfers. Ripple has shown an interesting rally in the last twelve months. From $0.006, it raised to more than $2.6, and has even overtaken Ethereum by capitalization and ended on 2nd place.
Ethereum made an amazing increase in value as well. A 9.000% markup is also not a waste. However, this is nothing compared to what NEM showed us last year. 30.000% for twelve months! This is really unbelievable number. Less known Ardor made 17.000% and Stellar Lumens recorded 14.400% increase.
Last but not least, newcomer Cardano could be marked as a jumper of the year. This altcoin has only been out for three months and gained by amazing 4.000%. We must not forget to mention Litecoin either, which could be bought at price $4 at the beginning of the year and sold at $400 by its historical maximum corresponding to 10.000% gain.
Let us know about your earnings by having a specific coin in 2017.