June 18, 2024

Bitcoin is resting - experts have named the most profitable altcoins of the year

Since the beginning of the year, the price of the first cryptocurrency has increased by approximately 90%, but some digital assetsrose significantly more or by comparable numbers, writes Cointelegraph.

The list of the most effective investments was led by the Synthetix network token (SNX) - the coin price has increased from 0.037 in January to $ 1.27 at the moment. Growth exceeded 3300%.

Bitcoin is resting — experts named the most profitable altcoins of the year

CoinMarketCap Data

ChainLink token (LINK) - from $ 0.39 in January rose to $ 1.80 at current quotes. At the peak of the cryptocurrency market in July, LINK quotes reached $ 3.80.

But even at the current rate, the coin has risen 360% over the year.

Tezos (XTZ) in early January was worth $ 0.47, and now its price is $ 1.39. The investment efficiency in a coin for the year amounted to more than 195%.

The token of the Binance cryptocurrency exchange began the year with a price of about $ 6, but at the end of May it cost more than $ 35. Now Binance Coin (BNB) is trading at $ 13.3, and growth for the year exceeded 120%.

Quotes of many popular coins noware higher than at the beginning of the year. Among them: Ethereum (ETH), Bitcoin Cash (BCH), Litecoin (LTC) and EOS. But, for example, the latter managed to add only about 10%.

Recall, analyst Benjamin Cowen expects a new bubble in altcoins, which will lead to the growth of the cryptocurrency market to 11 trillion in 2023.