2017 was a record year in cryptocurrency for more reasons than one. Bitcoin blew up. The general public became aware of it pretty much for the first time, ICO mania kicked in, and some altcoins made gains of over 36,000 percent. Check out the top five best performing altcoins of 2017–and why bigger bubbles are on the horizon.
1. XRP +36,008%
It’s hard to conceive that any asset (digital or otherwise) could ascend in value by such a dramatic percentage as Ripple’s XRP in 2017. Just to give some kind of reference, after the bull run in cryptocurrencies the year before, the best performing asset of 2018 was cash.
Go figure, traders. We’re certainly not talking of returns in the multiple thousands. Cash came out the winner last year simply for not losing as much as all other assets. It seems that after the giddy heights of 2017, cold hard cash actually off-set the catastrophic drops in stocks, bonds, commodities, and well, cryptocurrency, obviously.
2. NEM +29,842%
NEM gains in 2017 were almost on a par with XRP. That’s…