Which cryptocurrencies were the most profitable in 2017?
Trump996Dec 27, 2021 · 3 years ago3 answers
Can you provide a list of the cryptocurrencies that experienced the highest profits in 2017? I'm interested in knowing which digital currencies performed exceptionally well during that year.
3 answers
- Dec 27, 2021 · 3 years agoIn 2017, Bitcoin (BTC) and Ethereum (ETH) were the most profitable cryptocurrencies. Bitcoin, being the first and most well-known cryptocurrency, saw a significant surge in value throughout the year, reaching an all-time high of nearly $20,000 in December. Ethereum, on the other hand, experienced substantial growth due to its smart contract capabilities and the popularity of initial coin offerings (ICOs). Both of these cryptocurrencies provided substantial returns for investors in 2017.
- Dec 27, 2021 · 3 years ago2017 was a wild year for cryptocurrencies, and some of the most profitable ones included Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and Litecoin (LTC). These digital currencies experienced significant price increases, with Bitcoin leading the pack and reaching unprecedented heights. Ethereum, with its innovative blockchain technology, also saw substantial gains. Ripple, known for its partnerships with major financial institutions, had a remarkable year as well. Litecoin, often referred to as the silver to Bitcoin's gold, also performed admirably. Overall, 2017 was a great year for crypto investors.
- Dec 27, 2021 · 3 years agoAccording to historical data, the most profitable cryptocurrencies in 2017 were Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP). Bitcoin, as the pioneer of cryptocurrencies, had a phenomenal year, with its price skyrocketing to new heights. Ethereum, with its smart contract capabilities, attracted a lot of attention from investors and developers alike. Ripple, with its focus on facilitating fast and low-cost international money transfers, also experienced significant growth. These three cryptocurrencies were undoubtedly the stars of 2017.
Related Tags
Hot Questions
- 87
What is the future of blockchain technology?
- 82
How can I protect my digital assets from hackers?
- 72
How can I buy Bitcoin with a credit card?
- 69
How does cryptocurrency affect my tax return?
- 66
How can I minimize my tax liability when dealing with cryptocurrencies?
- 61
What are the best practices for reporting cryptocurrency on my taxes?
- 45
What are the advantages of using cryptocurrency for online transactions?
- 38
Are there any special tax rules for crypto investors?