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Investing in Cryptocurrencies and Digital Assets Super Lucrative, Compare and Check

Investing in Cryptocurrencies and Digital Assets Super Lucrative, Compare and Check


Some people have doubts regarding
investing in cryptocurrencies. However, it is worthy to note that crypto
investment is very lucrative when comparing it to traditional investment tools.


Cryptocurrencies Record Massive Gains in Years



Much has been said about the drop in
cryptocurrency prices since the Bull Run experienced in 2017 and early 2018.
Despite Bitcoin and other cryptos losing more than 80 percent of their value in
a few months, they still present better investment opportunities for people.

Click to view this tweet on Twitter


Dan Hedl, the co-founder of
InterchangeHQ recently posted a photo comparing the return on investments made on cryptocurrencies
since their exchange listings. The picture shows that a person that invested
$100 at the exchange listing of Bitcoin a few years ago would currently be
holding BTC worth roughly $1.3 million. Second on the list is Ethereum (ETH),
which would now be worth around $68,000.

Other cryptocurrencies such as Dash,
Binance Coin (BNB), XRP, Monero (XMR), Stellar Lumen (XLM), Litecoin (LTC) and
many others have also gone up significantly since their exchange listings. The
astonishing return on investment despite the bear market makes cryptocurrency
investment very lucrative.

Comparing digital asset ROIs with traditional assets it is clear that they do not give such high yields in a short time-frames. The price volatility made cryptocurrencies even more attractive for some investors. While Bitcoin was trading below $1,000 at the start of 2017, it recorded massive gains towards the end of the year to reach its all-time high of $20,000. These are huge gains only seen in crypto and not traditional set-ups.

Some Altcoins Have Better ROI than Bitcoin



The rise in Bitcoin price also led to
other cryptocurrencies recording even bigger ROIs compared to Bitcoin. A look
at Litecoin and Bitcoin’s
chart
so far this
year indicates that LTC is up by more than three times against Bitcoin.

Click to view this tweet on Twitter


Despite the bear market still in
play, Litecoin has been performing excellently since the start of the year.
Some investors are also betting on altcoins to lead the next market charge as
they believe that it is easier for these coins to rise to a market cap of $100
billion that for Bitcoin to reach $1 trillion.

Whatever the case may be, Bitcoin usually
causes a rise in the prices of altcoins. This implies that both Bitcoin and
other altcoins will record excellent gains when the next Bull Run comes around.


Token Sales Are Also Generating High Yields



Investing in cryptocurrencies also
include token sales. Despite the negative press around ICOs, token sales
continue to produce excellent returns for investors. An example is the BitTorrent token (BTT) sale that took place earlier
this year on the Binance Launchpad platform.

At the time of listing BTT, it was
trading at $0.000472. However, the price has gone up by roughly 50 percent in
less than four months and now trades at $0.000751. The accumulation of profits
within a short period is possible in the crypto space if only you invest in the
right projects.

After a successful ICO, similar
projects like BitTorrent did list and it was only a matter of days before
tripling or quadrupling in value. With IEOs and an educated mass, this pattern would
continue as more people gain exposure to the new market. As ambitious investors,
putting your money in cryptocurrencies is definitely good move.

The post Investing in Cryptocurrencies and Digital Assets Super Lucrative, Compare and Check appeared first on Ethereum World News.



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