Merchant Machine

Payment comparison website Merchant Machine has just released a large study about the rise and fall of Bitcoin and other top 10 cryptocurrencies from 2014-2018.

Here are the top 10 findings:

  1. Despite Bitcoin’s meteoric rise in price, it has never been the best performing cryptocurrency on an annualised basis.
  2. Bitcoin’s share of the cryptocurrency market peaked in 2016, where it was 91% of the market and until 2018 it had never been less than 79% of the cryptocurrency market by value.
  3. 2014-2015 was the worst year to be a cryptocurrency investor. A $100 investment in each of the top 10 currencies would have resulted in a $831 loss over the year. However, if you had stuck it out until 7 Jan 2018, your initial $1,000 investment would have been worth $15,802.
  4. 2016 was the best year to get into the market. A $100 investment in each of the top 10 coins at the time would have been worth $312,326 by 7 Jan 2018.
  5. The second best year to get in the market was the start of 2017. A $100 investment in each of the top 10 coins at the time would have been worth $95,659, just 1 year later.
  6. Ripple was the best performing currency in both 2014 and 2017.
  7. In 2015, Litecoin had the best 1 year return, although Stellar Lumens had the best return from 2015-2018.
  8. Ethereum was the best performing currency of 2016.
  9. Only Bitcoin, Ripple and Litecoin appear in the Top 10 list for all years.
  10. While the greatest total number of new coins were added between 2017 and 2018 (738; 119% YoY increase) the big explosion happened between 2014 and 2015, when the total number coins increased by 633%.

You can read the full report here:

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Ian Wright
Merchant Machine
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