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2017 has undoubtedly been the year of greatest growth for the crypto market. A year full of revaluations, historical highs and new currencies making its way into the top of cryptocurrencies with greater market capitalization. However, there are certain specific cryptocurrencies that stand out for a surprising revaluation and, in that sense, for being the best crypto-investments of 2017. In this article we will review those cases.
Ripple takes the crown as the most appreciated cryptocurrency of 2017, which is evident after having dethroned Ethereum and Bitcoin Cash in the ranking of cryptocurrencies and have reached the second place of coins with the highest capitalization.
On January 1, 2017, the XRP unit was exchanged at an average of 0.006523 dollars, as can be seen in the following graph:
Many were the events that drove the price of Ripple during 2017. Many banks in the world tested their platform for transactions, highlighting the Bank of England , BBVA and Krungsri of Thailand. I also managed to interconnect traditional and distributed accounting books before the atomic exchanges Began to be tested. It formed alliances such as the Ripple Net, made up of more than 100 companies -including American Express- and the Gates Foundation . Blocked 55 billion of XRP to ensure a predictable supply and generate more trust among your investors. But what made the latest spike in the price of the XRP were the tests carried out between banks in Japan and South Korea – two of the most prominent crypto-markets today – for cross-border payments.
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In its last Historical Maximum, which occurred yesterday, Ripple reached $ 2.85 per unit. This supposes an increase of 438 times its price in 2017, which makes it the best crypto-investment of the year.
NEM / XEM
The silver medal of this count is taken by the XEM cryptocurrency of the blockchain NEM , which was revalued 316 times in 2017. The year began with a price of 0.0036 for XEM as evidenced in the following graph:
This year NEM launched its NanoWallet , a cold wallet to store XEM cryptoactives, which later integrated Trezor into its services. In the same way, it launched its ioNEM platform , an integration between the Internet of Things with its blockchain and a new service for those forgetful customers to recover their private keys. Its cryptoactive XEM was also enabled for exchanges in the important ShapeShift exchange house. For the recreation of his community, he launched the first NEMBar in the world . But what most boosted its price in 2017 was that the WeChat courier service will launch a portfolio of NEM on your platform. Thus, in 2017, XEM grew from 0.0036 dollars per unit, to a record high of 1.14 dollars.
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Stellar was born as a fork in Ripple, offering a similar infrastructure of distributed payments focused on international transfers. Its cryptoactive Lumens has often accompanied the market movements of the XRP. And although his appreciation this year was less than that of Ripple, he still takes the bronze medal as the third best cryptoinversion of 2017 . The year started at 0.0024 dollars per Lumen:
Stellar began this year a scholarship program in which it invested around 2 million dollars to promote the development of applications in its blockchain. In addition, it signed an alliance with the technological giant IBM to process payments in 12 corridors of the islands of the Asian Pacific. But it was the migrations to its blockchain -caused by the saturation of the Ethereum and Bitcoin networks- that most boosted its price in the last quarter of the year. Both SatoshiPay and the Canadian messaging application Kik decided to move their services to the Stellar blockchain. After all these events, Stellar Lumens grew 162 times to reach a historic high of $ 0.39 yesterday.
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Following closely to Stellar Lumens is Dash , with an appreciation of 146 times its price . The year began at $ 11.21 per unit and it was soon advancing:
2017 was the year of the Dash conferences, which held events around the world, highlighting its first global conference held in London. They also bifurcated their blockchain to increase the size of their blocks from 1MB to 2MB and thus process more transactions. In a similar way to Stellar, he allocated 2 million dollars to the development of 30 projects for his network. As for mining, there were 3 ASICs launched this year to undermine the X11 algorithm, typical of the cryptocurrency created by Even Duffield: the DR-100; the Antminer D3; and the A5 DashMaster . On the other hand, established alliances with the Uphold exchange house and with the Wirex debit card service. Finally, he established a blockchain research center with the Arizona State University. Amid all these ads, Dash closes the year with a historical maximum of $ 1,642 per unit:
However, the gold of the cryptocurrencies will always be for Bitcoin, the mother cryptocurrency. Although it did not multiply its price as many times as the rest of the cryptos mentioned in this count, it has been the only cryptocurrency that has reached 20,000 dollars per unit and has remained unchanged in the 1st place in the ranking of cryptoactivities with the highest market capitalization. . The year began at $ 963 per unit:
Since then, many were the favorable and unfavorable events that haunted the evolution of the original cryptocurrency. Being so many, it would take a lot of time to mention them all. But without a doubt it is worth highlighting the different requests for investment funds quoted in Bitcoin, starting with the ETF of the Winklevoss brothers, which was denied by the SEC.
Impossible to mention the signing of the New York agreement, a scalability agreement that would deepen discussions in the community and lead to the activation of SegWit , the threat of increasing blocks to 2MB by SegWit2x and the Bitcoin Cash bifurcation . This first bifurcation started the phenomenon of bifurcations to get ‘free money’, evident in the bifurcations of Bitcoin Gold , Bitcoin Diamond and a lot of new bifurcations .
But the last push that brought Bitcoin to the $ 20,000 per share moon was the launch of Bitcoin futures contracts by CME Group and Cboe. In this way, Bitcoin multiplied its price 20 times this 2017:
These were the best crypto-investments of 2017. Congratulations to all those who hodlearon and multiplied their savings this year that closes. This year 2018 will surely come with much more growth for cryptocurrencies and blockchain technology.
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