How much worth of $1000 in Crypto after a year?
2021 can be said to be a bumper year for the Cryptocurrency community. Both Bitcoin and Dogecoin hit new highs, and many investors have become multi-millionaires. The overall cryptocurrency market has a market value of more than 3 trillion U.S. dollars, and the popularity of non-fungible tokens (NFT) is on the rise.
Although technological development is different from scarcity, cryptocurrencies such as Bitcoin and Dogecoin will have strong growth in 2021. As the saying goes, “One day in the currency circle, one year in the world”, let’s see how much money you make now if you spend $1,000 (approximately MYR 4,174) on these four popular cryptocurrencies on New Year’s Day 2021.
Bitcoin
January 1 price: 29,290 US dollars (MYR 122,148)
December 28 Price: 47,795.4 US dollars (MYR 199,321)
If you invest $1,000 in Bitcoin at the beginning of this year, you can buy 0.034 coins for the price at that time. At the price of $49,150 as of Tuesday afternoon, the current value is about $1,632, which means you made about $632 profit, which is about Ringgit Malaysia MYR2,635
Ethereum
Jan. 1 Price: 730.3 US dollars (MYR 3,044)
December 28 Price: 3816.67 US dollars (MYR 15,918)
The price of Ethereum has risen by more than 400% in the past year. If on January 1, 2021, at the price of US$730.3, you can buy Ethereum for US$1,000 and convert it to US$3816.67 as of Tuesday afternoon. Now it is approximately US$3816.67. You’ve made about US$2816 profit, around MYR11,743 Ringgit Malaysia.
Solana (SOL)
January 1st price: 1.53 US dollars (MYR 6)
December 28th price: 181.18 US dollars (MYR 756)
If you take $1,000 to invest in SOL at the beginning of 2021, convert it to the price of $181.18 as of Tuesday, and now the money has become $118,418 (about MYR493,839). Although Solana only came out in 2020, it has risen by more than 13,800% in the past year, and its current market value exceeds 57 billion U.S. dollars. It is the fifth largest cryptocurrency and is regarded as a competitor of Ethereum.
Dogecoin
Jan. 1 Price: 0.0056 US dollars (MYR 0.023)
December 28 Price: 0.18 US dollars (MYR 0.75)
If you spend 1,000 US dollars to invest in Dogecoin at the beginning of the year, the price of 18 cents as of Tuesday is converted, and the money is now worth 32,142 US dollars (MYR134,042). Not bad for the currency, and Musk’s support is also one of the sources of Dogecoin’s popularity. In the first half of 2021, Dogecoin rise by as much as 12000%, but the price fell in the second half of the year.
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