Read the success stories of crypto entrepreneurs.

Discussions are fun when we are part of a community.
Login Free Registration

Get 10 AltcoinN Points just by registering on this forums.
Get A Quote


Which Cryptocurrency Has the Highest ROI as of Q1 2020? Bitcoin only Ranked 5th

SourceOriginal
#1
Which Cryptocurrency has the Highest ROI as of Q1 2020? Bitcoin only Ranked 5th

With the current macroeconomic uncertainty and coronavirus pandemic, more investors start to invest cryptocurrencies for portfolio diversification. However, which cryptocurrency has the highest Return on Investment (ROI) as of Q1 2020? We have compared the ROI of Top 30 cryptocurrencies with the highest market capitalization in CoinMarketCap. In the context of cryptocurrencies, ROI refers to the approximate return on investment if purchased at the time of launch (or earliest known price). The results can catch you by surprise that Bitcoin only ranked 5th among the 30 cryptocurrencies!

Which Cryptocurrency Takes the Top Spot?

According to our analysis, DASH is the surprise leader with an ROI of 25,457%! This means DASH has a 254x price growth compared to its initial price of USD 0.2574. DASH is the second-largest cryptocurrency in Venezuela, and its adoption will surpass 10% of stores in 2020. It is noteworthy that DASH has a significant presence in the Asian market especially Thailand. In particular, DASH has been boosting crypto adoption in Asian tourism, in which DASH is accessible to over 1.5 million hotels and 400+ airlines worldwide. The boost in Asian tourism encourages the holding and purchase of DASH, which helps to justify the high ROI.

Exhibit 1: ROI for Top 30 Cryptocurrencies

 
Rank
 

 
Cryptocurrency
 

 
ROI
 

 
1
 

 
Dash
 

 
25457.0%
 

 
2
 

 
Binance Coin
 

 
11309.9%
 

 
3
 

 
IOTA
 

 
9000.0%
 

 
4
 

 
NEM
 

 
8229.6%
 

 
5
 

 
Bitcoin
 

 
4698.3%
 

 
6
 

 
Ethereum
 

 
4622.6%
 

 
7
 

 
Neo
 

 
3571.1%
 

 
8
 

 
XRP
 

 
2846.0%
 

 
9
 

 
Monero
 

 
1798.8%
 

 
10
 

 
Chainlink
 

 
1273.3%
 

 
11
 

 
Stellar
 

 
1263.8%
 

 
12
 

 
Maker
 

 
1249.2%
 

 
13
 

 
HedgeTrade
 

 
1084.2%
 

 
14
 

 
Litecoin
 

 
809.2%
 

 
15
 

 
Ethereum Classic
 

 
561.4%
 

 
16
 

 
Tron
 

 
463.5%
 

 
17
 

 
Tezos
 

 
241.1%
 

 
18
 

 
OKB
 

 
170.6%
 

 
19
 

 
Crypto.com Coin
 

 
143.1%
 

 
20
 

 
Huobi Token
 

 
121.1%
 

 
21
 

 
EOS
 

 
118.4%
 

 
22
 

 
Bitcoin SV
 

 
90.2%
 

 
23
 

 
Cardano
 

 
38.9%
 

 
24
 

 
Paxos Standard
 

 
1.0%
 

 
25
 

 
Tether
 

 
0.3%
 

 
26
 

 
USD Coin
 

 
-0.4%
 

 
27
 

 
UNUS SED LEO
 

 
-1.2%
 

 
28
 

 
Bitcoin Cash
 

 
-60.0%
 

 
29
 

 
Cosmos
 

 
-69.2%
 

 
30
 

 
Zcash
 

 
-99.3%
 

Source: CoinMarketCap
Action-Packed Binance Ranked 2nd

Binance ranked 2nd with an ROI of 11,310%. This is in line with our expectation of the rapid development we’ve witnessed for Binance. Apart from boosting its super exchange ecosystem via staking and stablecoins, Binance has been an active player in combatting coronavirus. For example, Binance just launched the “Crypto Against COVID” charity project aiming to raise $5m in cryptocurrencies. Changpeng Zhao (“CZ”) remained optimistic about the future of cryptocurrencies amid coronavirus outbreak. He is confident once people realized that hoarding cash is no longer needed in pandemic situations, they will start investing their money into cryptocurrencies. It is apparent that the recent macroeconomic slowdown is not a major obstacle for Binance’s development, with Binance just announced the launch of “Binance Card” and partnership with Brave to enable seamless crypto trading on the web browser. Such partnerships boost the investment prospect of Binance and encourage the trading of Binance coin.

Negative ROI for some crypto

In our analysis, Bitcoin ranked 5th in ROI of 4,698% and Ethereum ranked 6th with an ROI of 4,622%. We noticed that Bitcoin Cash, Cosmos and Zcash resulted in a negative ROI of -60%, -69% and -99% respectively. With the recent “Red Sea” of losses caused by coronavirus and global stock market crash, it is not surprising that altcoins are experiencing negative returns and we expect this can continue in the short term.
Reply
 Travel Medical Insurance