Bitcoin ROI Shoots Back To First Place In 2019 Among Top 10 Shares
Cryptocurrency market analysis tool, DataLight took to its Twitter account on Friday, August 16 to shed light on how far Bitcoin [BTC] has come since the different hurdles it has witnessed, especially those of 2018. As seen in the tweet below, the ROI (Return on Investment) has been depicted among the top 10 stocks from August 2017 to August 2019.
Bitcoin now leads to ROI among the Top 10 #shares by capitalization.The video demonstrates how the profitability of Bitcoin and #stocks has been changing. In December 2018, #Bitcoin was the last, but it only took it six months to overtake and double, edging out the nearest rival. pic.twitter.com/WnF72yZ4Ln
— DataLight (@DataLightMe) August 16, 2019
In August 2017, the giant crypto secured first place, with many other centralized stocks such as Alibaba, Visa, Apple, Microsoft, Facebook and Amazon among others following suit (in no particular order). Between September 2017 and December 2017, BTC’s capitalization fluctuated, from first place to not even securing a position in the top 10.
By December 2017, BTC sat up at the top, which doesn’t come too much of a surprise, as this was the period in which it saw its all-time high; not to forget increased exposure to the general public. This persisted throughout the first half of 2018 despite the crypto market suffering to pick up. Closer to June 2018 was when BTC’s capitalization started significantly dropping.
It wasn’t until November to December 2018 that BTC no longer held a position within the top ten. Eventually, the giant crept back earlier this year, with a strong rise around April-May of 2019. This is evidently the time in which many crypto experts deemed that the crypto winter was finally over and since then, BTC has been steadily performing, with a total of 205% ROI witnessed.
As per DataLight, “In December 2018, #Bitcoin was the last, but it only took it six months to overtake and double, edging out the nearest rival.”
At the time of writing, CoinMarketCap depicts BTC’s price as sitting at roughly USD$10,756.50 with a total market capitalization of under USD$192.4 billion.