Some crypto currencies are currently showing a similar price development as during the crypto hype of 2017.
Several „alternative crypto currencies“, so the so-called „Altcoins“, are currently on a similar path to the record run of the crypto markets in 2017. For many stragglers this could possibly be a second chance, but it should be noted that for some Coins could already be the end of the flagpole. So be careful!
On June 11, 2017, Litecoin ( LTC ) was just under $ 33, according to data from CoinMarketCap
At the time of going to press, the price is close to $ 46, which is way below the previous record high of $ 365.
Bitcoin Formula was at $ 340 at the time, which is even $ 2 below the current price of $ 342. The second largest cryptocurrency is actually stronger in comparison to itself than in 2017.
XRP , the altcoin from the blockchain payment service provider Ripple, was trading at $ 0.27 at the time, which is more than the current rate of $ 0.23
For Zcash ( ZEC ), however, the look into the past is probably the most painful, because in 2017 there were still a hefty 331 US dollars on the tableau, while today only 54 US dollars are to be booked.
The crypto markets have repeatedly given investors second and third opportunities , although these are often very different. Just because some cryptocurrencies are performing similarly to their weddings does not necessarily mean that they will ever reach previous record highs again.
The cryptocurrencies from the field of decentralized financial services (DeFi) are currently very trendy and are making substantial gains , but this category is more likely to be recommended for the experts among crypto investors. Often pure speculation is the driving force here, which creates great opportunities for profit, but carries at least the same risk of loss. In addition, some experts even raise doubts about the general legitimacy of the DeFi.