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What are the most promising cryptocurrencies for investment in 2017?

avatarLadefoged DwyerDec 25, 2021 · 3 years ago4 answers

Can you provide a list of the most promising cryptocurrencies that were worth investing in during the year 2017? I am interested in knowing which cryptocurrencies showed significant growth and potential for investors during that period.

What are the most promising cryptocurrencies for investment in 2017?

4 answers

  • avatarDec 25, 2021 · 3 years ago
    Sure! In 2017, there were several cryptocurrencies that showed great potential for investment. One of the top performers was Bitcoin (BTC), which experienced a massive surge in value and reached an all-time high. Ethereum (ETH) also had a remarkable year, with its price skyrocketing and the platform gaining popularity for its smart contract capabilities. Ripple (XRP) and Litecoin (LTC) were also notable cryptocurrencies that saw substantial growth in 2017. These are just a few examples, but there were many other promising cryptocurrencies worth considering for investment during that year.
  • avatarDec 25, 2021 · 3 years ago
    2017 was an exciting year for cryptocurrencies! Bitcoin, the pioneer of digital currencies, had a phenomenal run and its price reached unprecedented levels. Ethereum, with its innovative blockchain technology, gained significant attention and became a favorite among investors. Ripple, known for its fast and low-cost transactions, also had a successful year. Other cryptocurrencies like Litecoin, Dash, and Monero also showed promise and attracted investors. It's important to note that investing in cryptocurrencies carries risks, so thorough research and understanding of each project is crucial.
  • avatarDec 25, 2021 · 3 years ago
    Well, in 2017, there were quite a few cryptocurrencies that caught the attention of investors. Bitcoin, as always, was the star of the show. Its price surged to new heights, and many people made a fortune from it. Ethereum was another hot cryptocurrency that gained a lot of traction, thanks to its smart contract capabilities. Ripple also had a good run, with its unique consensus algorithm and partnerships with major financial institutions. Litecoin, known as the silver to Bitcoin's gold, also had a decent performance. Overall, 2017 was a great year for cryptocurrencies, and many investors made substantial profits.
  • avatarDec 25, 2021 · 3 years ago
    BYDFi, a leading cryptocurrency exchange, has analyzed the performance of various cryptocurrencies in 2017. According to their research, Bitcoin (BTC) and Ethereum (ETH) were the most promising cryptocurrencies for investment during that year. Bitcoin's price surged by over 1,000% in 2017, making it a highly profitable investment. Ethereum also had a remarkable year, with its price increasing by more than 9,000%. These two cryptocurrencies showed great potential and attracted a significant amount of investment during 2017. However, it's important to note that past performance is not indicative of future results, and thorough research is always recommended before making any investment decisions.