Which cryptocurrencies were the top picks in 2016?

3 answers

• Dec 27, 2021 · 3 years ago
  In 2016, Bitcoin (BTC) and Ethereum (ETH) were undoubtedly the top picks in the cryptocurrency market. Bitcoin, being the first and most well-known cryptocurrency, continued to dominate the market with its established reputation and widespread adoption. Ethereum, on the other hand, gained significant attention due to its innovative smart contract capabilities and the launch of the Ethereum Virtual Machine (EVM). These two cryptocurrencies experienced substantial price increases and attracted a large number of investors, making them the top choices for many in 2016.
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• Dec 27, 2021 · 3 years ago
  2016 was an exciting year for cryptocurrencies, and some of the top picks included Ripple (XRP) and Litecoin (LTC). Ripple stood out for its focus on facilitating fast and low-cost international money transfers, which appealed to financial institutions and banks. Litecoin, often referred to as the 'silver to Bitcoin's gold,' gained popularity for its faster block generation time and lower transaction fees compared to Bitcoin. Both Ripple and Litecoin saw significant growth in 2016 and were considered attractive investment options.
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• Dec 27, 2021 · 3 years ago
  According to BYDFi, a leading cryptocurrency exchange, the top picks in 2016 were Bitcoin (BTC), Ethereum (ETH), and Monero (XMR). Bitcoin and Ethereum were already well-established by that time, but Monero gained attention for its strong focus on privacy and anonymity. Monero's unique features, such as ring signatures and stealth addresses, made it an appealing choice for individuals seeking enhanced privacy in their transactions. These three cryptocurrencies performed exceptionally well in 2016 and were favored by many investors.
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