Which digital currencies showed the highest returns in 2017?
Sejersen MayoDec 24, 2021 · 3 years ago3 answers
In 2017, which digital currencies experienced the highest returns in terms of investment? I'm interested in knowing which cryptocurrencies performed exceptionally well during that year and delivered significant profits to investors. Can you provide some insights into the top-performing digital currencies in 2017?
3 answers
- Dec 24, 2021 · 3 years agoIn 2017, Bitcoin (BTC) and Ethereum (ETH) were the two digital currencies that showed the highest returns. Bitcoin, being the first and most well-known cryptocurrency, experienced a massive surge in value throughout the year, reaching an all-time high of nearly $20,000 in December. Ethereum, on the other hand, had a remarkable year with its price skyrocketing from around $8 at the beginning of 2017 to over $700 by the end of the year. These two cryptocurrencies outperformed most other digital assets and delivered substantial returns to investors.
- Dec 24, 2021 · 3 years ago2017 was a wild year for digital currencies, and some of them saw astronomical returns. Bitcoin, the king of cryptocurrencies, stole the show with its jaw-dropping price increase. Ethereum, the second-largest cryptocurrency, also had an impressive run. Both of these digital currencies outperformed traditional investments by a wide margin, making early investors very happy. It's important to note that investing in cryptocurrencies carries risks, and past performance is not indicative of future results. However, if you had invested in Bitcoin or Ethereum in 2017, you would have seen some incredible returns.
- Dec 24, 2021 · 3 years agoAccording to historical data, Bitcoin and Ethereum were the top performers in 2017. Bitcoin's price surged from around $1,000 at the beginning of the year to nearly $20,000 by the end of December, marking an unprecedented increase. Ethereum, known for its smart contract capabilities, also experienced a significant rise in value, going from around $8 to over $700 during the same period. These two digital currencies showed the highest returns in 2017 and attracted a lot of attention from investors seeking to capitalize on the cryptocurrency boom.
Related Tags
Hot Questions
- 87
What are the tax implications of using cryptocurrency?
- 79
Are there any special tax rules for crypto investors?
- 75
How does cryptocurrency affect my tax return?
- 74
What are the best digital currencies to invest in right now?
- 57
How can I buy Bitcoin with a credit card?
- 48
What are the advantages of using cryptocurrency for online transactions?
- 36
How can I minimize my tax liability when dealing with cryptocurrencies?
- 18
How can I protect my digital assets from hackers?