How much profit will investors make if they spend $ 1,000 buying the top 4 virtual currencies in 2021?

How much profit will investors make if they spend $ 1,000 buying the top 4 virtual currencies in 2021?

2021 continues to be a booming year for the virtual market, with many coins like Bitcoin and Dogecoin breaking all-time price records and helping many investors become millionaires …

The cryptocurrency market has had a time to cross the 3,000 mark Billion USD. Additionally, the popularity of digital assets like NFT (Non-fungible Token) has helped make this niche technology increasingly important to mainstream investors.

So if investors start spending $ 1,000 on buying popular virtual currencies like Bitcoin, Ether, Solana, and Dogecoin from the beginning of the year, how much profit will they make?

BITCOIN

Price on January 1, 2021: VND 29,290 U.S. dollar

Price on December 28, 2021: 49,150 VND U.S. dollar

An investment of 1,000 won U.S. dollar in Bitcoin in early 2021 – when this virtual currency is at 29,290 USD / dong it will rise to 1,632 U.S. dollar, based on the highest price recorded on December 28th.

As the largest virtual currency in the world, Bitcoin just had a strong year when the price rose 65%. In February, this virtual currency reached the market capitalization of 1,000 yen for the first time Billion USD. On November 10, Bitcoin set an all-time high price record of 68,789.63. on U.S. dollar. Bitcoin’s capitalization is currently around 980 Billion USD.

ETHER

Price on January 1, 2021: 730.3 U.S. dollar

Price on December 28, 2021: 3,816.67 U.S. dollar

In the past 12 months, Ethereum has risen in value by more than 400%. When you buy 1,000 U.S. dollar Ethereum on January 1st increased that investment to 5,226.16 U.S. dollar after the high of December 28th.

According to Ethereum supporters, after the Eth2 upgrade planned for 2022, this virtual currency will be more scalable, secure and sustainable proof-of-stake model.

Ethereum’s current proof-of-work model is often criticized for harming the environment by consuming a lot of energy. In the meantime, the new model offers system participants an incentive by paying the main premium in Ethereum to stay online and keep the network under control. The new model allows users to validate transactions according to the amount of Ethereum they hold, instead of the current power-hungry mining systems.

Ethereum posted 4.891.7 on November 16. All-time record U.S. dollar. Currently, this is the second largest virtual currency on the market with a market cap greater than 435 Billion USD.

SOLANA

Price on January 1, 2021: 1.53 U.S. dollar

Price on December 28, 2021: 181.18 U.S. dollar

When you invest 1,000 VND U.S. dollar In Solana Coin, the investor now has an amount of 118,418 U.S. dollar, based on the highest price of that virtual currency on December 28th.

Though not launched until 2020, Solana has increased its price by nearly 12,000% and is currently the fifth largest cryptocurrency on the market with a market cap greater than 57 Billion USD. Solana is considered a rival to Ethereum.

DOGECOIN

Price on January 1, 2021: 0.0056 U.S. dollar

Price on December 28, 2021: 0.18 U.S. dollar

If you spend 1,000 yen U.S. dollar Buy Dogecoin earlier this year, investors now have 32,142 U.S. dollar. This is a “huge” win for virtual currencies, inspired by an online joke like Dogecoin.

Over the past year, Dogecoin has been “bloated” many times thanks to tweets from Mr. Elon Musk, CEO of electric car maker Tesla. In the first half of the year alone, the price of Dogecoin rose by up to 12,000% before collapsing in the second half of the year. On May 8, 2021, Dogecoin set a course record of 0.73. on U.S. dollar. This is currently the twelfth largest cryptocurrency on the market with a market cap of around 22 Billion USD.