According to DataLight’s Twitter report, investing in bitcoin (BTC) over the years has yielded much more than investing in altcoins, i.e. other cryptocurrencies.
Even though some of the altcoins lost quite a lot of their value, their ROI still looks phenomenal.
How do you think, what coin will join this list in the nearest future? pic.twitter.com/HVmmaktWQ7— DataLight (@DataLightMe) March 11, 2019
The graph analyses the yields of several cryptocurrencies from the time they been listed on exchanges to the present day.
The question that the analysts of DataLight have asked themselves is:
“If you had invested US$100 in each of those coins at the moment of their exchange listing, how much would it be today?”
The first 15 cryptocurrencies per market capitalisation have been taken into account, except of course USDT, and the result was that, over the years, the bitcoin yield has been by far the highest.
Sure, bitcoin (BTC) has been tradable on exchanges for almost nine years, while the others for less than six, but the difference in returns is very clear.
Indeed, 100 dollars invested in BTC in mid-2010 are now worth more than one million three hundred thousand, with a return of more than one million percent.
In second place there’s ETH, with a value of 68.000 dollars in almost four years, while in third place there’s Dash, with a value of 39.000 dollars in five years. XRP (Ripple) is more distant, with a value of just over 6,000 dollars in more than 5 years. The differences with bitcoin are therefore abyssal, even in light of the few more years of presence on the exchanges.
Noteworthy is the remarkable performance of Binance Coin (BNB), which in less than two years has exceeded $13,000, and the negative performance of Bitcoin Cash, Bitcoin SV and IOTA, which have even lost value since the listing on exchanges.
It should be pointed out that in mid-2010, when BTC made its debut on the trading market, very few people knew about its existence, and the cryptocurrency market was tiny and extremely niche. So this comparison seems a bit forced, albeit based on objective data. However, it is difficult to determine how it could be done otherwise, given that the listing of bitcoin on exchanges actually dates back to mid-2010.
