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TagsDid any altcoins outperform Bitcoin in 2017?
OhsungDec 16, 2021 · 3 years ago1 answersIn the year 2017, did any alternative cryptocurrencies (altcoins) perform better than Bitcoin?
1 answers
- Indeed, there were altcoins that surpassed Bitcoin's performance in 2017. Ethereum (ETH) is a prime example. It not only outperformed Bitcoin but also became the second-largest cryptocurrency by market capitalization. Ethereum's blockchain technology and the rise of initial coin offerings (ICOs) contributed to its success. The price of Ethereum skyrocketed from around $8 at the beginning of 2017 to over $700 by the end of the year, marking an extraordinary growth of over 8,600%. This demonstrates that altcoins had the potential to generate significant returns for investors in 2017.Dec 16, 2021 · 3 years ago
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