Company
Date Published
Author
Avthar Sewrathan
Word count
3924
Language
English
Hacker News points
None

Summary

The crypto market is experiencing a resurgence after the Crypto Winter in 2018. The data-driven analysis of Bitcoin and Ethereum prices, new coin growth, trading volume, daily returns, and more reveals some interesting insights. For example, if you had invested $100 in Bitcoin 9 years ago, it would be worth over $16 million today. The best day to "day-trade" Bitcoin was February 26, 2014, with a daily return factor of 4.368. The top countries for Bitcoin trading volume are the US, Japan, South Korea, and Poland. Ethereum is popularly regarded as the cryptocurrency with the second-largest interest base after Bitcoin, but its price has been trending downward since 2018. New cryptocurrencies are being launched at an incredible rate, with over 4000 in existence. Some of the most profitable new cryptocurrencies include Mixin (MIXI), BOMB, Double Eagle Coin (XDE2), Gold Reserve (XGR), SoulCoin (SOUL), and CCCoin (CCC). The analysis also reveals that the coins with the highest frequency of having the top daily return are MIXI, Bitether (BTR), and IceChain (ICHX).