In our latest historic snapshot analysis, we look at the performance of the top ten cryptocurrency markets since May 28th, 2017. Despite suffering heavy losses during 2018, the average price gain of the top ten markets has been 170% when compared with prices from 12 months ago, with only one of the then leading markets trading at a lower price today.
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BTC and ETH up Approximately 240% in 12 Months
With the price of bitcoin trading for approximately $7,345 USD as of this writing, the value of BTC has almost tripled since last year.
Then trading for $2,173 according to Coinmarketcap, bitcoin had a total market capitalization of $35.5 billion on the 28th of May, 2017 – approximately one-quarter of today’s capitalization of $125 billion.
During late May last year, Ethereum was in the early stages of a parabolic bull-run that by mid-June would prices up to approximately $400.
After having broken above $100 for the first time just a few weeks earlier, ETH was trading for $171.55 and had a market capitalization of $15.78 billion at the time of the snapshot. ETH’s price has since increased by 242% – with the markets trading at approximately $586.80. Ethereum has remained the second largest cryptocurrency by total capitalization – currently boasting a market cap of roughly $58.5 billion.
Mixed Performances Among Top Altcoin Markets Of May 2017
Like today, XRP was the third largest cryptocurrency by market cap on the 28th of May last year, with a total capitalization of $8.8 billion. As of this writing, Ripple has a market cap of roughly $23.75 billion, with the price of XRP having gained 162.75% from $0.231 to $0.606.
With a total
