The year 2021, which started with a peak of 30 thousand dollars, witnessed the highest Bitcoin price in history with 69 thousand dollars, while we saw that some members of the altcoin market, which did not miss this run, were valued almost over 10,000%. The most well-known example of these cryptos, which spent only a few days with prices close to $ 0, is undoubtedly the Shiba Inu (SHIB). A handful of early investors are enjoying millionaires these days. However, the cryptocurrency market is notorious for its crashes as well as its booms. In this article, let’s take a look at the latest $100 allocated to BTC, SHIB, DOGE or ETH in early 2021. Our first stop will be the performance of other markets…
What did traditional markets do in 2021?
Over the past year, investors who have placed their money in key US stocks have made acceptable returns. In reality, the combined returns of the SPDR S&P 500 ETF (SPY), Invesco QQQ Trust Series 1 (QQQ), and the SPDR Dow Jones Industrial Average ETF Trust (DIA) for that period are 17.1%, 10.2%, and 11.4%, respectively. As great as it has been for investors in major US indices lately, cryptocurrencies are doing much better. Cryptocurrency bulls who bought at the beginning of 2021 and did not abandon their investments for a long time despite the volatility made huge profits.
What would the $100 spent on BTC, SHIB, DOGE and ETH on January 1, 2021 be today?
In 2021, many cryptocurrencies are on the rise, and it’s no secret that a handful of altcoin projects have performed significantly better. If you had set aside $100 in each of the following cryptocurrencies at the beginning of 2021, the following numbers would dominate your wallet these days:
- Bitcoin (BTC): $134.50
- Ethereum (ETH): $375.98
- Dogecoin (DOGE): $2703.97
- Shiba Inu (SHIB): $18,436,090.22
cryptocoin.com In a recent bulletin we quoted as Bitcoin, we included the story of 4 crypto millionaires who started mining when Bitcoin was not yet known and allocated every $10 they found to cryptocurrencies. You can check out the cryptocurrency stories of four ordinary people, one of whom is a NYC substitute teacher, here.
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