You didn’t have to be a Bitcoin holder to make some insane returns on a cryptocurrency investment this year. Many altcoins have made well over a 100% return at some point this year. Here are the top 5 high performing altcoins of 2017 thus far.
1.Dash
Dash coin has made incredible run in 2017. Dash is an open source peer-to-peer cryptocurrency that aims to be the most user-friendly and most on-chain-scalable cryptocurrency in the world. It was trading a little above $10 per coin in January. It is now amazingly trading in the low 600’s. What a run it’s been.
2. Ethereum (ETH)
Ethereum was trading under $10 per coin in January at the start of this year. It is now trading close to $500. ETH has a very promising technology as well, with numerous applications outside the cryptocurrency space. It’s market cap is currently a bit under $46 Billion, and is expected to continue to climb.
3.Litecoin (LTC)
Litecoin has made some insane moves this year. It was trading at a bit under $5 a coin at the start of the year. It is now valued at over $90 per coin, with a market cap of roughly 5 billion. Litecoin’s block production speed is four times faster than Bitcoin, and processes transactions faster. It will definitely be one to watch in 2018.
4.Monero (XMR)
Monero has made an incredible run since it ICOed in the beginning of the year. XMR is a decentralized cryptocurrency, meaning it is secure digital cash operated by a network of users. Transactions are confirmed by distributed consensus, and then immutably recorded on the blockchain. Third-parties do not need to be trusted to keep your Monero safe. Monero dipped to the low teens in February, and since then has not looked back, making a monstrous run into high 100’s.
5. ZEC
Zcash has made a remarkable recovery this year. ZEC is a decentralized and open-source cryptocurrency that offers privacy and selective transparency of transactions. Its payments are published on a public blockchain, but the sender, recipient, and amount of a transaction remain private. It was obviously well overvalued when it ICOed, and had a big sell off. However it has made a great run in 2017, coming from lows in the mid 20’s all the way to the mid 300’s.
There are so many altcoins with great momentum these days it is hard to keep track of all of them, and find a entry before they make a big move. In our cryptocurrency trading chatroom, we have hundreds of eyes and people calling out the biggest altcoin movers each day. If you want to stop missing out on the big movers, feel free to join our community!
Kunal Desai is an American day trader (stocks and cryptos) and founder of Bulls on Wall Street and Bulls on Crypto Street, two online trading academies and informational publications. He has been featured in many high profile publications like Inc, Forbes, Buzzfeed, and Fortune. He has spoke at trading and business events all across the World.