What were the most profitable coins for day trading in 2017?

5 answers

• Dec 30, 2021 · 3 years ago
  Sure! In 2017, there were several cryptocurrencies that experienced significant gains and proved to be profitable for day trading. Bitcoin (BTC) was the obvious leader, with its price skyrocketing from around $1,000 to nearly $20,000. Ethereum (ETH) also had a remarkable year, starting at around $8 and reaching a high of over $1,400. Ripple (XRP) and Litecoin (LTC) were also among the top performers, with both coins experiencing substantial price increases. Additionally, some lesser-known coins like NEO, Stellar (XLM), and Cardano (ADA) had impressive returns during that period. It's important to note that the cryptocurrency market is highly volatile, and past performance is not indicative of future results. Therefore, thorough research and analysis are crucial before making any investment decisions.
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• Dec 30, 2021 · 3 years ago
  Oh boy, 2017 was quite a year for day trading in the cryptocurrency market! If you were lucky enough to be in the right place at the right time, you could have made some serious gains. Bitcoin, the king of all cryptocurrencies, stole the show with its meteoric rise. It went from being worth a measly $1,000 to almost $20,000 in just one year. Ethereum, the second-largest cryptocurrency, wasn't far behind. It started off at around $8 and ended the year at over $1,400. Ripple and Litecoin also had their moments in the spotlight, with both coins experiencing significant price increases. And let's not forget about the underdogs! Coins like NEO, Stellar, and Cardano surprised everyone with their impressive returns. So, if you're looking to dive into day trading, 2017 was definitely a year to remember.
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• Dec 30, 2021 · 3 years ago
  Ah, 2017, the year of profitable day trading in the cryptocurrency world. Many coins experienced massive gains, and it was a thrilling time for traders. While I can't provide specific investment advice, I can give you an overview of some of the top-performing coins during that period. Bitcoin, the granddaddy of all cryptocurrencies, stole the show with its jaw-dropping price increase. Ethereum, Ripple, and Litecoin also had their fair share of success. But let's not forget about the lesser-known gems that shone brightly in 2017. Coins like NEO, Stellar, and Cardano made a name for themselves with their impressive returns. Keep in mind that the cryptocurrency market is highly volatile, and what was profitable in the past may not be the same in the future. So, do your due diligence and stay updated with the latest market trends before making any investment decisions.
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• Dec 30, 2021 · 3 years ago
  In 2017, the cryptocurrency market experienced a frenzy of day trading activity, with many coins delivering substantial returns. Bitcoin, the undisputed leader, saw its price surge from around $1,000 to nearly $20,000, making it a highly profitable asset for day traders. Ethereum, the second-largest cryptocurrency, also had a phenomenal year, with its price soaring from single digits to over $1,400. Ripple and Litecoin were among the other notable performers, with both coins experiencing significant price increases. Additionally, lesser-known coins like NEO, Stellar, and Cardano had their moments in the spotlight, delivering impressive returns to savvy traders. However, it's important to remember that day trading in cryptocurrencies carries inherent risks, and past performance is not indicative of future results. It's always advisable to conduct thorough research and seek professional advice before making any investment decisions.
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• Dec 30, 2021 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, has analyzed the day trading performance of various coins in 2017. According to our findings, Bitcoin (BTC) and Ethereum (ETH) were the most profitable coins for day trading during that year. Bitcoin's price surged from around $1,000 to nearly $20,000, while Ethereum experienced a remarkable increase from $8 to over $1,400. These two coins dominated the market and provided substantial opportunities for day traders to profit. Other notable performers included Ripple (XRP), Litecoin (LTC), NEO, Stellar (XLM), and Cardano (ADA). However, it's important to note that day trading is a highly volatile activity, and success in the past does not guarantee future profits. Always exercise caution and conduct thorough research before engaging in day trading activities.
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