• bitcoinBTC$%
  • ethereumETH$%
  • litecoinLTC$%
  • rippleXRP$%
  • bitcoin-cashBCH$%
  • moneroXMR$%
  • dashDASH$%
  • eosEOS$%
  • zcashZEC$%
  • cardanoADA$%
  • neoNEO$%
  • binanceBNB$%
  • stellarXLM$%
  • iotaMIOTA$%


Which Cryptocurrency Has the Highest ROI as of Q1 2020? Bitcoin Only Ranked 5th

Blockchain. News Official   May 31, 2020 12:15 4 分钟阅读

Crypto ROI feature min.jpg

Which Cryptocurrency has the Highest ROI as of Q1 2020? Bitcoin only Ranked 5th

With the current macroeconomic uncertainty and coronavirus pandemic, more investors have started to invest in cryptocurrencies for portfolio diversification. Bitcoin may be the most obvious hedge asset that comes to mind but, which cryptocurrency really had the highest Return on Investment (ROI) as of Q1 2020?

We have compared the ROI of the top 30 cryptocurrencies with the highest market capitalization on CoinMarketCap. In the context of cryptocurrencies, ROI refers to the approximate return on investment if purchased at the time of launch, or earliest known price. The results may surprise you as the favourite Bitcoin only ranked 5th among the top 30 cryptocurrencies.

Which Cryptocurrency Takes the Top Spot?

According to our analysis, DASH is the surprise leader with an ROI of 25,457%! This means DASH has a 254x price growth compared to its initial price of $0.2574. DASH is the second-largest cryptocurrency in Venezuela, and its adoption will surpass 10% of stores in 2020. DASH has a significant presence in the Asian market especially Thailand. In particular, DASH has been boosting crypto adoption in Asian tourism, in which DASH is accessible to over 1.5 million hotels and 400+ airlines worldwide. The boost in Asian tourism encourages the holding and purchase of DASH, which helps to justify the high ROI.

Exhibit 1: ROI for Top 30 Cryptocurrencies

Rank

Cryptocurrency

ROI

1

Dash

25457.0%

2

Binance Coin

11309.9%

3

IOTA

9000.0%

4

NEM

8229.6%

5

Bitcoin

4698.3%

6

Ethereum

4622.6%

7

Neo

3571.1%

8

XRP

2846.0%

9

Monero

1798.8%

10

Chainlink

1273.3%

11

Stellar

1263.8%

12

Maker

1249.2%

13

HedgeTrade

1084.2%

14

Litecoin

809.2%

15

Ethereum Classic

561.4%

16

Tron

463.5%

17

Tezos

241.1%

18

OKB

170.6%

19

Crypto.com Coin

143.1%

20

Huobi Token

121.1%

21

EOS

118.4%

22

Bitcoin SV

90.2%

23

Cardano

38.9%

24

Paxos Standard

1.0%

25

Tether

0.3%

26

USD Coin

-0.4%

27

UNUS SED LEO

-1.2%

28

Bitcoin Cash

-60.0%

29

Cosmos

-69.2%

30

Zcash

-99.3%

Source: CoinMarketCap

Action-Packed Binance Ranked 2nd

Binance ranked 2nd with an ROI of 11,310%. This is within our expectation due the rapid development we have witnessed from Binance. Apart from boosting its super exchange ecosystem with staking and stablecoins, Binance has been an active player in the battle against the coronavirus. Binance just launched the “Crypto Against COVID” charity project aiming to raise $5M in cryptocurrencies. Changpeng Zhao (CZ) remained optimistic about the future of cryptocurrencies amid coronavirus outbreak. He is confident once people realized that hoarding cash is no longer needed in pandemic situations, they will start investing their money into cryptocurrencies. It is apparent that the recent macroeconomic slowdown is not a major obstacle for Binance’s development, with Binance just announced the launch of “Binance Card” and partnership with Brave to enable seamless crypto trading on the web browser. Such partnerships boost the investment prospect of Binance and encourage the trading of Binance coin.

Negative ROI for some cryptos

Bitcoin ranked 5th in ROI of 4,698% and Ethereum ranked 6th with an ROI of 4,622%. Bitcoin Cash, Cosmos and Zcash resulted in a negative ROI of -60%, -69% and -99% respectively. With the recent “red sea” of losses caused by coronavirus and global stock market crash, it is not surprising that altcoins are experiencing negative returns and we expect this can continue in the short term.

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Image via Shutterstock

Disclaimer

This analysis is presented for informational purposes only and should not be treated as investment advice.

This article was updated on 16th Sep 20
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