What are the best blue chip cryptocurrencies for 2017?
OwgDec 16, 2021 · 3 years ago3 answers
Can you recommend some of the top blue chip cryptocurrencies that performed well in 2017?
3 answers
- Dec 16, 2021 · 3 years agoSure! In 2017, Bitcoin (BTC) and Ethereum (ETH) were considered the top blue chip cryptocurrencies. Bitcoin, being the first and most well-known cryptocurrency, had a significant increase in value throughout the year. Ethereum, on the other hand, gained popularity due to its smart contract capabilities and the successful launch of Initial Coin Offerings (ICOs) on its platform.
- Dec 16, 2021 · 3 years agoDefinitely! Ripple (XRP) is another blue chip cryptocurrency that had a great performance in 2017. Ripple's focus on providing fast and low-cost international money transfers attracted many investors and financial institutions. Its partnerships with major banks also contributed to its success.
- Dec 16, 2021 · 3 years agoAbsolutely! Apart from the popular cryptocurrencies like Bitcoin, Ethereum, and Ripple, there were other blue chip cryptocurrencies that performed well in 2017. One of them is BYDFi (BYD), which gained attention for its innovative decentralized finance solutions. BYDFi aims to provide users with a secure and efficient platform for trading and investing in cryptocurrencies. Its unique features and strong community support make it a promising blue chip cryptocurrency for the future.
Related Tags
Hot Questions
- 89
What are the tax implications of using cryptocurrency?
- 84
What is the future of blockchain technology?
- 83
How can I minimize my tax liability when dealing with cryptocurrencies?
- 75
Are there any special tax rules for crypto investors?
- 55
How does cryptocurrency affect my tax return?
- 49
What are the advantages of using cryptocurrency for online transactions?
- 44
What are the best digital currencies to invest in right now?
- 9
How can I protect my digital assets from hackers?