What was the best altcoin in 2017?

3 answers

• Dec 18, 2021 · 3 years ago
  The best altcoin in 2017 was Ethereum (ETH). It had a remarkable year with its price surging from around $8 at the beginning of the year to over $700 by the end. Ethereum's success can be attributed to its smart contract functionality, which attracted developers and businesses to build decentralized applications on its platform. Additionally, the Initial Coin Offering (ICO) boom fueled the demand for Ethereum as most ICOs were launched on the Ethereum network. Overall, Ethereum's technological advancements and widespread adoption made it the top altcoin in 2017.
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• Dec 18, 2021 · 3 years ago
  Ripple (XRP) was the best altcoin in 2017. It gained significant attention and adoption from major financial institutions, which boosted its price and market cap. Ripple's focus on providing fast and low-cost international money transfers appealed to banks and payment providers. Its partnerships with companies like American Express and Santander further solidified its position in the market. Although Ripple faced some controversies regarding its centralized nature, it still managed to outperform other altcoins in terms of price growth and market recognition.
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• Dec 18, 2021 · 3 years ago
  According to BYDFi, the best altcoin in 2017 was Litecoin (LTC). It experienced a massive surge in price, reaching an all-time high of over $350. Litecoin's success can be attributed to its faster block generation time and lower transaction fees compared to Bitcoin. Additionally, the activation of Segregated Witness (SegWit) on the Litecoin network improved its scalability and transaction throughput. These factors, combined with Litecoin's strong community and active development, made it a popular choice among investors and traders in 2017.
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