While crypto downtrend has been happening through early 2018, a comparative study of the cryptomarket of 2015 versus the cryptomarket of today reveals huge growth. If the current prices of the currencies were compared to those listed on Coinmarketcap’s historic snapshot from the 17th of May, 2015 – the peak of Bitcoin’s previous winter – we can see that Bitcoin has produced price gains of over 3,000%. At the same time, the values of the then-top four altcoins have risen by 9,000% and roughly 13,000%.
BTC Up 3,300% in Three Years
Source – Coinlib.com
If the current price action of Bitcoin was compared to three years ago, the price of a single Bitcoin has inflated by approximately 3,300% – increasing from about $237 USD to more than $8,000 today.
On the 17th of May, 2015, Bitcoin’s total market capitalization of roughly $13.3 billion increased to around $144 billion as of press time.
Then-Top 4 Cryptocurrencies
During the 2013 bull rally, the altcoin ecosystem fully consisted of micro-cap projects was just starting to emerge from the petri dishes of their infancy – this signifies that during the recent multi-year bull trend the alternative cryptocurrency markets were just preparing to explode alongside Bitcoin.
Ripple with 10,100% Gain
In May 2015, the second largest cryptocurrency market by capitalization was Ripple (XRP), which had a total market capitalization of just $208.5 million and price action ranging at around $0.006534. In just three years, the price of Ripple recorded gains of approximately 10,100% with XRP currently trading for $0.689. Ripple is the third largest cryptocurrency with $27 billion market capitalization as of press time.
Litecoin with 9,000% Gain
2015’s third largest cryptocurrency with approximately $57.7 million in market capitalization is Litecoin (LTC). In three years, LTC has showed huge price gains of 9,000%. On May 2015, one Litecoin traded for about $1.45. Currently, LTC has a total market capitalization of almost $7.7 billion and is priced at $136.
Dash with 12,670% Gain
Dash was the fourth largest cryptocurrency by capitalization ($16 million) on the 17th of May 2015, and traded for just $3 each. In the three years since, the value of Dash has inflated by almost 12,670%, with Dash presently trading for $397. Now, Dash is the twelfth largest cryptocurrency by market capitalization, which is estimated to be over $3.2 billion right now.
Stellar Lumens with 11,860% Gain
Stellar Lumens, the then-fifth largest cryptocurrency with about $12.5 million market capitalization, now is ranked the eighth largest crypto with a total capitalization of $5.8 billion. The price of Stellar has risen by approximately 11,860%, increasing from $0.002609 to $0.324 today.
These developments and huge increases in market capitalization and price prove that legitimate cryptocurrencies with functionalities and potentials for real world applications are great investments. Due to the huge increase in cryptocurrencies and blockchain projects since 2015, you should be vigilant and diligent enough to choose which project to invest into. Do your own research and trade wisely!
Author: Author : Mil
Mil is based out of Philippines and has been writing for cryptonewsbytes.com since 2017. He enjoys doing market analysis on crypto and follows the trends very closely. He is a marketing genius and gets tremendous amount of energy to the team. He enjoys reading books in his spare time and big time into basketball.
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