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Ripple (XRP) is currently the most profitable crypto coin, eToro study

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Ripple XRP eToro
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The social trading and investing network, eToro, carried out a survey in order to understand investor engagement levels in cryptocurrencies. This survey includes findings of proportions of investors’ trades and they also endeavored to find out which was the most profitable coin over the last year.

The survey includes the data from March 2017 to February 2018. This is the period that includes Bitcoin’s boom so it’s particularly significant, besides the fact that it covers a full year.

Ripple’s XRP turned out to be the most traded coin by users of all age groups with Bitcoin (BTC) and Ethereum (ETH) close behind. This is probably due to the high price both BTC and ETH have achieved. It kind of scares investors away. Bitcoin, in particular, has lost some popularity in the 24-54 demographic.

After those three, the ranking goes like this (in descending order): Litecoin (LTC), Bitcoin Cash (BCH), Ethereum Classic (ETC) and Dash (DASH). It seems that the fact that they’re forks from very popular coins keeps them in the game.

From the coins that were surveyed, Stellar (XLM) and Neo (NEO) at eight and ninth place, respectively.

Investor experience level

The survey also found that from all current investors, only seven percent are actual experts in the field, and the same amount of people, eleven percent, have some kind of intermediate experience. This means that most investors, around eighty percent, are newcomers to the crypto trading world.

Most investors work in a job that’s related to computers and IT in some way. Other minor groups are those who trade crypto full time, then salesmen, students, and people from the financial services industry.

Some minority traders are retired citizens, work in real estate or come from the arts. Other groups include tourism, architecture, healthcare, and education.

The gender disparity is huge in the trade. Only 8.5% of investors are females which leaves the market to a 91.5% male population. But the ladies prefer Ripple (XRP), to the tune of 2%. They don’t like Neo that much (below 1%) and Ethereum Classic seems to be the manly choice at around 1%.

Ripple is ahead of the pack comfortably in terms of profitability with a 2% margin and a total 8% of average profitability. Indeed, XRP had a fabulous run over the year, starting at $0.0005 at the survey’s beginning and at $1.16 when it finished (the crypto is down to $0.60 again now as I write this article, though). That’s a gargantuan 23100% growth rate.

Ethereum came second, it grew by 7353%, from $15 to $1118 in that time period, which while still impressive, it’s a far cry from XRP’s performance during the survey’s time-slot.

Litecoin was only half as profitable as Ethereum. Its growth was of 4223%. It went from $3.77 to $163.

So, to wrap things up, it was a very good year for all the main players. Even those that didn’t do so well, did great. But there’s a lesson to be learned from the survey. Bitcoin, being the coin that started it all, and the most expensive one is the cryptocurrency that usually gets all the attention from non-specialized media.

Now that it’s expected to reach ten thousand dollars per token in price soon again, it’s supposed to be all the rage, right? Wrong. Ripple, Ethereum, and Litecoin were considerably more profitable and, on top of that Ripple (XRP) remains very cheap. So it pays off to pay more attention to the numbers than to the hype.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Image courtesy of Pxhere.com

Altcoins

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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Hodium
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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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Altcoins

KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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