If you bought $100 worth of bitcoin on December 3rd last year, you would sit on a “pile of money” worth $34. Similar story is with all other top coins with one exception – the “bankers” coin XRP is the only one that outperformed fiat and with $100 invested, you would now have $137. Not a big gain, but considering the rivals are down up to 90% (looking at you BCH), it is more than pleasing for the Ripple holders.
As we know, December of 2017 will be remembered by bitcoin holders as one of the most exhilarating periods in BTC’s young history.
By mid-October 2017, the price of bitcoin was above $5,000. Despite the pending closure of China’s “Big Three” exchanges and a global crackdown on unregulated ICOs beginning to take shape, the price of bitcoin was largely buoyed by a bullish sentiment which would set the stage for some of the eye-popping moves in store for November and December. Culmination point was an all-time high of $19,783.21 on Dec. 17.
Other altcoins also followed suit and most of them recorded their all time highs sometime around that date, a week or two earlier or later.
Bitcoin started this year on a high of $14,112, however, since the beginning of the year, it has suffered a significant loss and is currently trading at $4,025 on Tuesday, according to industry site CoinMarketCap.
Bitcoin is up two percent on a 24-hour basis.
Ripple (XRP) is a leading cross borders payments solution in the blockchain industry. The cryptocurrency did exceptionally well in 2017 outperforming both Bitcoin (BTC) and Ethereum (ETH). While, it may have seemed difficult for Ripple (XRP) to record such gains in 2018, it did it again this year.
In the last 365 days, bitcoin is down 65% while XRP is up 41% against USD. In direct head to head, XRP outperformed bitcoin by a thumping 345% in the last year.
The worst performer of the year was the always hectic Bitcoin Cash that just recently suffered a hostile hard fork and dissolved into two new currencies – BCHABC and BCHSV. Bitcoin Cash lost 90% of its value in comparison to the same time last year. It is now worth only $153 which is a whopping drop from the all time high value of $4329 on December 20th last year.