Data’s of top-performing cryptocurrencies of 2017 revealed

Data’s of top-performing cryptocurrencies of  2017 revealed

  • A boom in the crypto assets has been seen in the previous years.
  • Data of 2017 revelled that despite the 1000% boom in Bitcoin it could not make the top 10 list.
  • The criteria of the ranking were based upon regulations created by Cryptoassets, which included both standalone coins and coins registered on ethereum Blockchain.

A sudden boom in the valuation of cryptocurrency was observed in the year 2017, in which some digital coins rose to 10,000% of their initial values. The list was topped by the coin Ripple followed by less recognized names like NEM, Ardor, and Dash.

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Topper of the list, Ripple showed the exponential growth of 36,018% of its initial asset value.

The criteria of the ranking were based upon regulations created by Cryptoassets, which included both standalone coins and coins registered on ethereum Blockchain. And the list was provided by CoinMarketcap on January 1, 2018.

Case of Bitcoin

Though being the most famous and demanded cryptocurrency, Bitcoin could not even make it to the top 10 list.

Though it showed a little better results when was compared with the category of the coins having their Blockchain network, Bitcoin secured 8th position in that segment.

Bitcoin may seem a little beaten in the data provided but it continues to be the most famous and demanded crypto asset, and keeping data aside, bitcoin provided huge profits to the people investing in it, 1st billionaire because of crypto assets was forged by the bitcoin only.

Data of standalone coins

Standalone coins also did great in the booming market, the top performer in this segment was Ardor with the gain of 16,809% of its initial value followed by Golem with 8,434% gain and then comes Binance Coin with 8,061% increase.

It was surprising that Ardor topped the table, leaving behind the more famous coins like Golem and OmiseGo.

Digital assets in 2018

It was naïve to think that digital asset would have boomed in 2018 too like its previous year, people earning from the boom cashed out immediately as the market became a bit stable, enjoyed the money they made and started planning the policies of paying the taxes on the money made by crypto assets.

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Anurag Agarwal
Anurag Agarwal is a writer for Thecoinrepublic. He is pursuant of B.tech in biotechnology from M.I.E.T Meerut, who's passion is to read and express through the medium of words. He is contributing the regular in-depth analysis of News and updates.

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