Crypto investments have continued to increase this year, a result of the seamless and decentralized nature of cryptocurrencies and transacting with them (making crypto investment a better alternative to the conventional means of investing).
The growth of investments in digital assets can be attributed to two factors:
- Investors can buy bits of their desired assets with little or no significant financial outlay to get started
- Better returns on investment than traditional finance offers
In this article, we will be making a comparison of the top ten cryptocurrencies by market cap to gauge the amount an investor would have today if they had made a $100 crypto investment in January.
Before commencing with the comparisons, it is important to note that the calculations are based on the purchasing price of crypto as at January 1, 2021, and the recent price as at November 2, 2021.
Bitcoin (BTC)
The price of one BTC as of January was $29,374. That means you’d have bought 0.003404 BTC with $100, making your current holding worth $215.38 based on BTC’s current price of $63,266.45.
Shiba Inu ( SHIB)
One SHIB traded for $0.000000000080 as at January 1st. $100 would have bought you 1.25T SHIB. With the current SHIB price, your initial investment would be worth $88,112,500.
Ethereum (ETH)
One ETH was $730.37 as at January, meaning you’d have bought 0.1369 ETH with $100. Based on current ETH price at $4442.56, your holding worth would be $608.19.
Solana (SOL)
As at January 1st, SOL went for $1.84 which meant $100 would purchase 54.387 SOL. SOL’s current price is $207.20, which means your $100 investment would be $11,260.70.
Binance (BNB)
The price of one BNB as at January was $37.91 and $100 would have bought you 2.7027 BNB. Going by the current BNB price at $545.33, your initial buy would be worth $1,473.90.
Tether (USDT)
One USDT went for $1.00 as at January 1st, meaning you would have gotten $100 worth of USDT for $100. Its current price remains the same meaning your initial holding worth stands.
Dogecoin (DOGE)
DOGE sold for $0.005685 in January which means $100 would have bought you 17,590.15 DOGE. The current DOGE price is $0.2734, making your initial buy worth $4,809.12.
Cardano (ADA)
One ADA traded for $0.1753 in January which means a $100 ADA buy would be 570.45. With its current exchange price of $1.97, your holding worth would be $1,123.80.
Polkadot (DOT)
You’d have purchased DOT at $8.31 in January, making a $100 buy equal 12.0337 DOT. This means with DOT’s current price, your holding worth would be $635.740.
XRP
One XRP exchanged at $0.2374 in January, meaning $100 would have purchased.2299 XRP. One XRP is currently worth $1.11, meaning your initial buy is now worth $467.57.
Disclaimer
The crypto market is volatile. Prices plummet and surged. Ensure you are well aware of the risks associated with the market before investing.
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