Kraken to expand services to stocks and ETFs
US-based crypto exchange Kraken has announced plans to expand its products with intention to expand globally too.
While 2018 might have been a bloody year for leading cryptocurrencies thus far, that hasn’t stopped a number of smaller digital currencies from enticing massive returns.
If your portfolio – like many of us – has seen more red than green, how might have things differed had this year’s biggest gainers been more visible in the market space?
In this article, we’ll be considering cryptocurrencies with a starting market capitalization of $0 USD, and an ending market capitalization of $10,000,000 USD.
PACcoin
Punting itself as a “community-driven successor to Bitcoin , Ripple.
PACcoin began trading at $0.000033 USD on the 1st of January, and at press time trades at $0.0067 USD.
If you had invested $1,000 USD in PACcoin on January 1st of 2018, you’d have made a profit of $203,276 USD, with a 20,328% return on investment.
Hexx
A privacy-focussed cryptocurrency (or ‘darkcoin’), HexxCoin’s claim to fame lies in the ZeroCoin protocol, in which users can exchange ‘public’ coins for ‘anonymous’ coins to circumvent chain analyses and perform private transactions in which senders, recipients, and amounts transferred are untraceable.
Hexx began trading at $0.17 USD on the 1st of January, and at press time trades at $9.96 USD.
If you had invested $1,000 USD in Hex on January 1st of 2018, you’d have made a profit of $55,954 USD, with a 5,595% return on investment.
DNotes
DNotes is a peer-to-peer cryptocurrency that is underpinned by a business ecosystem as a ‘bridge’ to the ‘centralized financial world’.
DNotes are hence supported by profits from DNotes Global, in which the currency obtains 25% of the company’s equity. Therefore, participants who use DNotes to transact also become stakeholders in DNotes Global itself.
DNotes began trading at $0.051 USD on the 1st of January, and at press time trades at $2.48 USD.
If you had invested $1,000 USD in DNotes on January 1st of 2018, you’d have made a profit of $47,714 USD, with a 4,771% return on investment.
Greencoin
Greencoin is a cryptocurrency focused on environmental activism, where the Greencoin Foundation (a non-profit organization) offers incentives to alternate energy enterprises for reducing their carbon footprint.
The Greencoin Foundation accrues of half of the staking rewards on its network, which is then paid out to ten producers sequestering an estimated 100 kg carbon per day.
Greencoin began trading at $0.00087 USD on the 1st of January, and at press time trades at $0.016 USD.
If you had invested $1,000 USD in Greencoin on January 1st of 2018, you’d have made a profit of $17,216 USD, with a 1,722% return on investment.
PeepCoin
PeepCoin is a proof of stake cryptocurrency that launched in December of 2016. PeepCoin is ultimately set to transition into DAPSCoin, which will serve as ‘a privacy coin, with masternodes, a capped stake reward, and a focus on community.’
Peepcoin began trading at $0.00014 USD on the 1st of January, and at press time trades at $0.0010 USD.
The bottom line: If you had invested $1,000 USD in Peepcoin on January 1st of 2018, you’d have made a profit of $6,467 USD, with a 647% return on investment.