2019 was in the bigger part profitable year for the cryptocurrency sector and also another volatile year. The sector is evolving constantly and experience new developments while the regulators are starting to give more notice which in consequence leads to a more mature market place. In our bitcoin price news today we compare how the other investment tools did compare to the benchmark crypto.
A new report has gathered important data in regards to the performance of Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), Bitcoin SV (BSV) and Ethereum Classic (ETC). To achieve this, SFOX has analyzed a number of factors, like price, volume, correlations, and volatility form eight major exchanges and liquidity providers. The report makes the conclusion that five out of the six aforementioned investment tools have fallen in relation to volatility. The only one that has achieved more extensive volatility rates is Ethereum Classic (ETC), with a percentage of 35.
For example, Bitcoin (BTC) and Bitcoin SV (BSV) have the same percentage of 10%. Bitcoin Cash (BCH) has a percentage of 9%, while Ethereum (ETH) and Litecoin (LTC) are at the bottom with a percentage of 3 and 2 points, respectively. As for the question of annual returns, in 2019 Bitcoin (BTC) forms a class by itself. The mightiest crypto in the world has outperformed all other cryptos that were analyzed by a long shot of around 94% return of investment. Also, Bitcoin (BTC) has also achieved to be the best investment throughout the whole past decade, delivering 8,900,000% returns.
The other cryptos that were analyzed give the next numbers: Litecoin (LTC) 34.3%, Bitcoin Cash (BCH) 30.8%, and Ethereum (ETH) with -3.7%. The report also has included certain assets that are not from the crypto sector. Gold has the second-best return of investment for 2019 with 52.8%, and the well-known index fund S&P 500 has 29%.
The process of evolution of the crypto market continued through all of 2019. The volatility had dropped if it is compared with the past years, which signalizes the maturity of the market and the return of investment of Bitcoin (BTC) is unparalleled. SFOX makes the conclusion that this is proof of the seriousness of Bitcoin (BTC) as a tool for portfolio management. But the awareness that the decline in volatility does not mean its disappearance must be present.
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