Nobody has a crystal ball to know the future, that’s clear. But we’ve all ever thought that if we had made the right investments at the crucial moments, the benefits would have been immense. Invest in Amazon in the early days, in Netflix … or in cryptocurrencies.
Cryptocurrencies have become one of the most profitable investments on the market and have multiplied their price several times over within a year
Cryptocurrencies have been one of the most profitable investments in recent years for those who knew how to see it, or at least got lucky. They have also meant the loss of billions of dollars in their multiple breakdowns, but the general narrative is that you can make big bucks with a minimal investment in cryptocurrencies. Let’s take a look at how much could have been achieved by investing in five different cryptos a year ago:
If you had invested in Bitcoin
On June 26, 2020, Bitcoin, the quintessential cryptocurrency, was valued at 8,246 euros each. In January 2021 it reached an unprecedented 30,000 euros each and shortly afterwards reached its maximum of 54,180 euros in April of the same year. This represents an increase of 557% year over year to the all-time high for Bitcoin.
If we think in euros, if someone had invested one euro in Bitcoin on June 26th last year, they would have 6.57 euros in April (including initial investment). In that sense, it’s not very impressive, but a 557% ROI is absolutely insane. The person who had allocated Bitcoin 1,000 euros would have received 6,570 euros at the highest point.
Today the increase is “only” 217% compared to a year ago, so the investment would double, which is extremely profitable despite the recent price drops.
If you had invested in Ethereum
Ether or Ethereum (you can tell the difference between the two terms in this video) has been the second most popular cryptocurrency since its inception in 2015. 2021 was the year Ethereum hit its all-time high of 3,623 euros, while on June 26, 2020 the price of the cryptocurrency was 207 euros.
This represents a much larger increase (almost three times) than Bitcoin’s 1,650%. Or whatever, between June 26, 2020 and the historical maximum of the ETH, an investment of one euro would have turned into 17.5 euros and one thousand euros would have turned into 17,500 euros.
After last month’s decline, the price has stabilized near 1,500 euros, or what is the same, a growth of 626%, a percentage higher than that of Bitcoin over the same period.
If you had invested in Litecoin
Litecoin is another veteran of the crypto world. Almost as old as Bitcoin, it has been in the top 10 highest capitalization currencies for most of its existence, although it is gradually becoming less important. Still, Litecoin was a more than interesting investment option.
A year ago Litecoin cost 37 euros, in May 2021 it reached its all-time high of 340 euros each. This suggests that if a person had increased 818% between June last year and May, a person would have received € 7.18 for every € invested, which is quite a bit of money. Today the price is 107 euros, which is an increase of almost three times over a year, but is well below the returns of Bitcoin and Ethereum.
If you’d invested in ADA
ADA, the Cardano network cryptocurrency (which we are talking about with you in this video) may not be as well known as the previous cryptos mentioned in this list, but it is the fourth largest capitalization cryptocurrency. And its growth has been spectacular, which is reflected in one of the cryptocurrencies that generated the most money.
A year ago, ADA was negligible compared to the cryptos we’ve seen: $ 0.07. The high of € 2.03 reached in May of this year may not seem like much on its own, but it represents an incredible 2,800% increase. This means that one euro invested in ADA would have become 29 euros one year later and 1,000 euros would have become 87,000 euros.
To date, ADA has lost about half of its value, dropping to a price of 1.07 euros … which is still an increase of about 1,350%.
If you had invested in Dogecoin
Finally, we come to one of the most talked about cryptocurrencies this year, DOGE or Dogecoin (which we talk about in detail in this video). And because? It’s simple, the price hike was one of the most staggering in the crypto world.
A year ago a DOGE still had a price of 0.002 euros and in May of this year it reached a maximum of 0.60 euros. This corresponds to an increase of 29.990%, or one euro invested in DOGE in June 2020 would have turned into a little more than 300 euros. And 1,000 euros, a little less than the minimum wage, would have become 300,000 euros.
To date, and after the ups and downs caused by billionaire tycoon Elon Musk (one of the greatest DOGE enthusiasts), the price has fallen to 20 cents a euro, or what stays the same, an increase of 9.242% which is doing DOGE the best investment we can make to make big bucks if hopefully we get a time machine.