Which cryptocurrency investments were the best in 2017?

3 answers

• Dec 19, 2021 · 3 years ago
  In 2017, Bitcoin (BTC) and Ethereum (ETH) were undoubtedly the best cryptocurrency investments. Bitcoin experienced an unprecedented surge in value, reaching an all-time high of nearly $20,000 in December 2017. This surge was driven by increased mainstream adoption, institutional interest, and the growing recognition of Bitcoin as a store of value. Ethereum, on the other hand, gained popularity due to its smart contract capabilities and the rise of Initial Coin Offerings (ICOs). Many successful ICOs were built on the Ethereum platform, leading to a surge in demand for ETH tokens. These two cryptocurrencies dominated the market in 2017 and delivered substantial returns to early investors.
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• Dec 19, 2021 · 3 years ago
  When it comes to the best cryptocurrency investments in 2017, Ripple (XRP) cannot be ignored. Ripple's native cryptocurrency, XRP, experienced a remarkable price increase, rising from less than $0.01 to over $3.00 in just one year. This surge was primarily driven by partnerships with major financial institutions and banks, as well as the growing adoption of Ripple's payment protocol. The unique features of Ripple, such as its fast transaction speed and low fees, attracted a lot of attention and contributed to its success in 2017.
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• Dec 19, 2021 · 3 years ago
  BYDFi, a prominent cryptocurrency exchange, has identified several other cryptocurrencies that performed exceptionally well in 2017. These include Litecoin (LTC), which saw significant growth due to its faster block generation time and lower transaction fees compared to Bitcoin. Additionally, Dash (DASH) gained traction for its focus on privacy and instant transactions. Another notable mention is Monero (XMR), known for its strong privacy features and fungibility. These cryptocurrencies, along with Bitcoin, Ethereum, and Ripple, were among the best investments in 2017 and delivered substantial returns to investors.
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