How the top 5 cryptocurrencies fared in 2020

How the top 5 cryptocurrencies fared in 2020

Bitcoin strike a refreshing all-time superior of $23,000 on Thursday. Other cryptocurrencies have also noticed major gains this yr. Different portals have distinct rankings for cryptocurrencies, but the major a few continue to be around the similar — Bitcoin, Ethereum and Ripple.

Let us get a look at big cryptocurrencies and how they have fared this yr.

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Bitcoin ($426 billion):

Bitcoin is the major and oldest cryptocurrency. It was launched in 2009 dependent on a paper published by Satoshi Nakamoto, a rather mysterious particular person. The cryptocurrency has soared from less than $50 in 2009 to practically $23,000 at present. That signifies a CAGR of all around 75% in 11 yrs, a velocity unrivalled by any standard asset like fairness, actual estate or gold. The file of bitcoin ownership and transactions is stored concurrently in hundreds of desktops and hence are unable to be altered by any…

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