How much the top cryptocurrencies have gone up in 2017

The recent spike in the value of Ethereum[1] has made those who invested in the cryptocurrency at the beginning of 2017 a lot of money. If you invested R50,000 in Ethereum on 1 January 2017, your ether would be worth over R1 million[2] today. Ethereum is a decentralised platform which runs smart contracts – applications that run as programmed without any possibility of downtime, censorship, fraud, or third-party interference.

Its ether is one of many cryptocurrencies which are traded on exchanges such as Poloniex[3], and is not the only one to experience strong growth since the start of 2017.

The graphs below show by how much the most-traded cryptocurrencies have gone up in value, based on data from the Poloniex exchange, from 1 January 2017 to today.


Bitcoin – BTC

  • 1 Jan – £977
  • 23 May – £2,111
  • Increase – 116%

Bitcoin


Ethereum – ETH

  • 1 Jan – £8.40
  • 23 May – £155
  • Increase – 1,745%

ETH


Ripple – XRP

  • 1 Jan – £0.0065
  • 23 May – £0.312
  • Increase – 4,700%

Ripple


Zcash – ZEC

  • 1 Jan – £47.91
  • 23 May – £269
  • Increase – 461%

Note: Zcash traded at over £1,300 on Poloniex in November 2016, which distorts the “all-time” graph view used for the other cryptocurrencies.

Zcash


Litecoin – LTC

  • 1 Jan – £4.40
  • 23 May – £27
  • Increase – 513%

Litecoin


Dash – DASH

  • 1 Jan – £11.38
  • 23 May – £131
  • Increase – 1,051%

Dash


Ethereum Classic – ETC

  • 1 Jan – £1.39
  • 23 May – £8.95
  • Increase – 543%

ETC


Now read: LedgerX Bitcoin options exchange raises £11.4 million[4]

References

  1. ^ Ethereum (www.ethereum.org)
  2. ^ over R1 million (mybroadband.co.za)
  3. ^ Poloniex (poloniex.com)
  4. ^ LedgerX Bitcoin options exchange raises £11.4 million (mybroadband.co.za)

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