Unless you've live under a rock (and kudos to you if you do), you would have noticed all the news, memes and chatter about cryptocurrencies. There are so many available and over recent months we've seen the jump (again) in Bitcoin, the rise of NFTs and the surge in Dogecoin. But, let's take a look at the numbers just to see the sheer size of these movements.
With a total market cap of $2.38 trillion spread across hundreds of coins, there's a lot of data. We'll focus on just the top entries as per CoinGecko.
Taking a look at these we can see some familiar names like Bitcoin, Ethereum and Dogecoin but how do they look in terms of growth more recently?
We can baseline their growth rates since the beginning of the year to 100 and we can see that nearly all coins (less Dogecoin and Binance Coin) have had solid levels of growth up to now. A lot of equities/ETFs out there would love these levels of growth.
Adding Binance Coin and we can see that this outdoes even those outstanding growth rates when its on the same baselined to 100 chart.
And then there is Dogecoin which makes them all look a lot less impressive.
Regardless of your opinion on crypto, Dogecoin, Bitcoin and the like, that's some seriously impressive movement right there.
Comments