Which coin is the best investment of 2020? It seems that cryptocurrencies issued on Ethereum constitute the strongest asset class of 2020. The average return of these assets since the beginning of the year is 130%
Which coin is the best investment of 2020?
Average performance of Ethereum (ETH)-based assets shows that they have gained 130 percent in return since the beginning of the year (YTD).. The report of Messari, the company that compiles cryptocurrency market data, shows this.
Messari data evaluates a total of 178 assets on Ethereum. Their total market value is $63.7 billion.. They make up nearly 20% of the total market.
124 crypto assets, including stablecoins, seem to have gained since the beginning of the year.. This means that 70% of Ethereum-based tokens have gained value.. Especially despite the troubled period experienced in global markets due to Covid-19 this year.
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ETH-based 70 percent of assets yielded
10 Ethereum-based token’s earnings since the beginning of the year exceed 500 percent. These include the major decentralized finance protocols Bancor (BNT) and Kyber Network (KNC).
One-third of the Ethereum-based market has more than doubled in value since the start of the year. Ethereum itself is also the 41st strongest performer, with 142% gains since the start of the year.. crypto money.
We see that 15 tokens lost value in single digits.. Nine assets have lost nearly half of their value so far in 2020.
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Ethereum token rankings dominance of stable coins
Excluding Tether, only Ether and Crypto.com Coin (CRO) make it into the top 10 cryptos by market cap. The closest to them is 12.. Chainlink (LINK) is at the top of the list.
Bitfinex’s Unus Sed Leo (LEO) token and USD Coin (USDC) stable coin are also among the top 20 tokens.
These rankings are the same. It also shows that. Ethereum is the most popular platform among stable coin issuers.. Seven stablecoins are among the top 25 ETH-based assets.
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