Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
Bitcoin vs Altcoins: Which one is More Lucrative?
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Bitcoin was introduced in 2009 and has proven to be a highly lucrative investment asset over the 14 years. Over the years, Bitcoin has gained value from merely less than a dollar to over $69,000 in November 2021. As a result, any investor who has held Bitcoin since 2009 can say they have made extreme profits.
When considering the 2021 bitcoin market bull run, it can clearly say that Bitcoin is a reliable and excellent investment asset.
After the launch of BTC, other cryptocurrencies were introduced to take advantage of the benefits brought by BTC, namely altcoins. Today, other assets like Ethereum, Solana, Bitcoin Cash, Cardano, Polkadot, XRP, BNB, and others are highly beneficial for holders and crypto investors.
However, there is still the question of which is more lucrative. Should you invest in Bitcoin, or should you consider investing in altcoins? This guide will look into Bitcoin’s and altcoins’ investment prospects to understand which is more lucrative.
Bitcoin – The Potential of Making Returns
When analyzing or comparing the investment prospects of cryptocurrencies, we need to understand their potential to make returns. So which, between bitcoin and its alternative coins, has better prospects?
At launch in 2009, Bitcoin had a minimum value below the cent line. However, since then, the coin began making tremendous surges in prices, doubling, tripling, and even quadrupling in value in just a short period. In fact, at some point, Bitcoin made profits of over 1000% during the first years of its existence.
The potential of bitcoin making returns at that point was very high because the coin’s value was still meager, while the space for the price increase was still extensive. So what do you think about it now?
Today, the price of BTC is quite high, and although it’s possible, it’s still implausible that the price of Bitcoin would surge in the short term with huge rates like the ones seen in its earlier years. For example, can you imagine the price of Bitcoin standing at $20k currently, increasing by 1000%?
From the long-term perspective, Bitcoin can still make profits and double, triple or quadruple in value from its 69k all-time high; therefore, it’s a good asset. However, an increase in BTC prices can be seen over months or years, not just in a short time. What about altcoins?
Can Altcoins Generate a Substantial Amount of Profits More than Bitcoin?
Many alternative coins have made excellent returns over the past few years. Among them include Ethereum, BNB, UNI, DogeCoin, Polkadot, Shiba Inu, and many more assets. Some of those assets, like Ethereum, have made huge profits of over 2900%, with others hitting even 4900%, like NEM, back in 2021.
The statistical analysis of the top altcoins shows that although they are relatively lower in value, their returns are incredibly high. So why are the assets better investment options?
Most of the prices of alternative coins are still very low, with some trading at less than $5. For example, Cardano, an excellent asset, currently trades at $0.35. Cardano investors can consequently make more returns than average bitcoin holders.
It did some analysis to see how well-performing Bitcoin would be vs. investing in alternative currency. For example, if an investor puts $10k in Bitcoin and $1k in each of the ten top-performing altcoins, the altcoin investor will make much more income than the Bitcoin investor. Bitcoin would make an average of $96000, while the investment in altcoins would total a total return of $194k, including the initial capital.
Therefore, when analyzing the potential of making more returns, Altcoins would be the clear winner if an investor chooses to work with them. Therefore, the simple answer to which is more lucrative between Bitcoin and Altcoin is the latter.
Other Things to Consider
However, there are other things that investors consider before investing in either Bitcoin or altcoin. Among the issues include;
- Risks involved in investments– Both bitcoin and altcoin have high risks involved in investing in them. The regulatory environment is unfriendly to both BTC and altcoins. However, Bitcoin is at a bigger risk of scams and manipulations due to its popularity.
- Efficiency– When it comes to efficiency, transaction speed and network scalability are among the things to be considered. However, it can clearly say that Bitcoin is not efficient, considering the costs of mining, low-speed transactions, etc.
- Reputation– Another thing to consider is the reputation of the investment asset. For example, Bitcoin is a more reputable coin than any other investment coin in crypto today.
Final Word
After analyzing the investment prospects of crypto assets, it’s clear that investing in altcoins is more lucrative than Bitcoin. Bitcoin is truly the most reputable and highest-priced crypto-asset currently. However, any bitcoin investment might guarantee small returns when compared to altcoins.
Btc
Bitcoin
$62.547
price
price
0.84959%
price change
This guide has looked into statistical analysis of different sources, showing that investing in alternative coins is better than investing in Bitcoin. This is because alternative coins have a bigger chance of multiplying in price than Bitcoin and, as such, can create more income.
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Wayne Jones
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