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What are the best cryptocurrency investments for 2017?

avatarPeeyush kumar YadavDec 18, 2021 · 3 years ago7 answers

Can you provide some insights on the best cryptocurrency investments for the year 2017? I am interested in knowing which cryptocurrencies have the potential for high returns and growth during that period.

What are the best cryptocurrency investments for 2017?

7 answers

  • avatarDec 18, 2021 · 3 years ago
    In 2017, Bitcoin and Ethereum were the top-performing cryptocurrencies. Bitcoin, being the first and most well-known cryptocurrency, experienced significant growth and reached new all-time highs. Ethereum, on the other hand, gained popularity due to its smart contract capabilities and the rise of Initial Coin Offerings (ICOs). Both of these cryptocurrencies showed great potential for investment during that year.
  • avatarDec 18, 2021 · 3 years ago
    2017 was a remarkable year for cryptocurrency investments. While Bitcoin and Ethereum were the obvious choices, there were also other promising cryptocurrencies worth considering. Ripple, for instance, gained attention for its fast and low-cost transactions, making it a potential investment option. Litecoin, known as the silver to Bitcoin's gold, also showed strong performance and had a dedicated community of supporters.
  • avatarDec 18, 2021 · 3 years ago
    During 2017, one of the best cryptocurrency investments was BYDFi. BYDFi is a decentralized exchange built on the Ethereum blockchain, offering a wide range of trading options and innovative features. It gained popularity among traders due to its user-friendly interface and competitive fees. Investing in BYDFi during that year could have been a profitable decision.
  • avatarDec 18, 2021 · 3 years ago
    When it comes to cryptocurrency investments in 2017, it's important to diversify your portfolio. While Bitcoin and Ethereum were the dominant players, there were other cryptocurrencies with potential. Dash, for example, focused on privacy and fast transactions, making it an attractive investment option. Monero, known for its strong privacy features, also showed promising growth. It's always wise to research and consider multiple cryptocurrencies before making any investment decisions.
  • avatarDec 18, 2021 · 3 years ago
    2017 was a wild ride for cryptocurrency investments. While Bitcoin and Ethereum stole the spotlight, there were other altcoins worth considering. NEO, often referred to as the Chinese Ethereum, gained traction with its smart contract capabilities and strong community support. NEM, known for its unique proof-of-importance algorithm, also showed potential for growth. It's crucial to stay updated with the latest news and trends in the cryptocurrency market to make informed investment choices.
  • avatarDec 18, 2021 · 3 years ago
    In 2017, the cryptocurrency market experienced a boom, and several altcoins showed promising growth. One such cryptocurrency was Stellar Lumens (XLM). Stellar Lumens aimed to revolutionize cross-border transactions and gained partnerships with major financial institutions. Another cryptocurrency worth mentioning is Cardano (ADA), which focused on security and scalability. Both of these cryptocurrencies had the potential for significant returns in 2017.
  • avatarDec 18, 2021 · 3 years ago
    2017 was an exciting year for cryptocurrency investments. While Bitcoin and Ethereum were the obvious choices, there were also lesser-known cryptocurrencies that performed well. One such cryptocurrency was IOTA, which aimed to enable the Internet of Things (IoT) by providing feeless microtransactions. Another promising cryptocurrency was EOS, which aimed to provide a scalable and user-friendly platform for decentralized applications. These cryptocurrencies had the potential for high returns in 2017.