Crypto YTD Performance (BTC, ETH, XRP, Steem & SBD)

in #steem • 6 years ago

Index - https://steemit.com/tax/@alhofmeister/accounting-and-finance-blog-index

Introduction
In this post, I wanted to present two graphs. The first graph shows the total market capitalization of the 3 largest cryptocurrencies compared to Steem & SBD (demonstrating the growth potential and the relatively small market share of Steem & SBD). The second graph shows the year to date performance of each of the 5 cryptocurrencies (current market cap / market cap as of January 1). As demonstrated by the second graph, none of the currencies are above their January 1 level, but Ripple has significantly under performed compared to the rest of the group. Also note that Steem and SBD have been outperforming BTC and ETH. By examining the daily trading volume of SBD & Steem on 4/2, it becomes obvious that a pump and dump occurred. This will be another recurring article that tracks the performance of the aforementioned cryptocurrencies.

Market Capitialization

YTD Performance

References
https://coinmarketcap.com/currencies/bitcoin/historical-data/
https://coinmarketcap.com/currencies/ethereum/historical-data/
https://coinmarketcap.com/currencies/ripple/historical-data/
https://coinmarketcap.com/currencies/steem/historical-data/
https://coinmarketcap.com/currencies/steem-dollars/historical-data/

#sbd #bitcoin #cryptocurrency #money
6 years ago in #steem by
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     6 years ago 
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     6 years ago 
    "... but Ripple has significantly under performed compared to the rest of the group."

    Ripple has been P&D so many times now, so it makes sense that it has dumped the most: lots of bagholders.

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     6 years ago 

    Yeah, I remember Ripple's rise to glory. They did, however, have a significant amount of business partners signing up. We'll have to wait and see how Ripple does in the long-term.

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     6 years ago 

    As requested I have voted for you! 🎁 To call me just write @contentvoter in a comment.

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     6 years ago 

    I am really hoping ethereum will rise

    and for the memes

    i put like 5$ into dogecoin xD

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       6 years ago 

      Coins mentioned in post:

      CoinPrice (USD)📈 24h📈 7d
      BTCBitcoin8259.120$3.83%17.44%
      ETHEthereum522.364$5.87%31.21%
      SBDSteem Dollars2.424$5.83%21.08%
      STEEMSteem2.673$3.84%40.76%
      XRPRipple0.661$5.66%33.47%
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