These 2 cryptocurrencies have smashed Bitcoin’s returns in 2017

Cryptocurrencies have taken the world by storm and chief among them is bitcoin, which had the first mover advantage and is the world’s largest cryptocurrency with a ‘market cap’ of USD$278.9 billion.

Its performance in 2017 has been nothing short of breathtaking since starting the year at a price of US$997 and recently trading at US$16,514. That’s a phenomenal 1,556% increase (over 15 times your money!).

Its not everyday that you can find a financial instrument that can beat that sort of return but here are two cryptocurrencies that have done exactly that:

  • Ethereum which is the second-largest cryptocurrency with a market cap of USD$45 billion is up 4,266% (42 times your money) having started the year at US$10.72 and recently trading at US$469.
  • Litecoin is up over 3,000% (30 times your money) this year having started the year at US$4.33 and recently trading at US$163. Litecoin has a market cap of nearly US$9 billion.

To put that into context, the S&P 500 is up 17% this year while Apple, Amazon and Facebook are all up more than 50% this year alone. Locally, Ltd (ASX: KGN) (up 237%) and the a2 Milk Company Ltd (Australia) (ASX: A2M) (up 208%) have done very well, whilst the ASX 200 has been a relative under performer with an 8% increase over the year.

The ASX 200 was dragged down by stocks such as Retail Food Group Limited (ASX: RFG) and Mayne Pharma Group Ltd (ASX: MYX) which dropped by more than 50%.

Foolish takeaway

  • Think beyond the local share market. The investment universe is huge and there is a world full of opportunities out there.
  • Indexing doesn’t give the best results. Whilst good for low cost diversification and useful for investors who do not have the time to research investment ideas, indexing (by definition) will not provide the best performance.
  • Cryptocurrencies are like Tech stocks in the ’90s. The technology is here to stay, it will likely get bigger but there will be winners and losers. One just hopes we haven’t reached the point of irrational exuberance.

Bill Gates Says This Could Be Worth “10 Microsofts”

If You Missed Investing In Microsoft in 1996 – Read This

I can’t believe so many investors haven’t heard about something Microsoft founder Bill Gates told a group of college students in 2004.

This could be your chance to get in on the ground floor!

Click here to discover more!

Motley Fool contributor Kevin Gandiya has no position in any of the stocks mentioned.

You can follow Kevin on Twitter @KevinGandiya.

The Motley Fool Australia owns shares of A2 Milk and Retail Food Group Limited. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

The 5 mining stocks we’re recommending in 2019…

For decades, Australian mining companies have minted money for individual investors like you and me. But if you believe the pundits and talking heads on TV, those days are long gone. Finito! Behind us forever…

We say nothing could be further from the truth. To earn the really massive returns, you’ve got to fish where others aren’t fishing—and the mining sector could be primed for a resurgence. That’s why top Motley Fool analysts just revealed their exciting new research on 5 ASX miners they believe could help you profit in 2019 and beyond…


The best way we see to play the global zinc shortage… Our #1 favourite large-cap miner (hint: it’s not BHP)… one early-stage gold miner we think could hit the motherlode… Plus two more surprising companies you probably haven’t heard of yet!

For free access to our brand-new research, simply click here or the link below. But be warned, this research is available free for a limited time only, and we reserve the right to withdraw it at any time.

Click here for your FREE report!