How much money could you earn on cryptocurrency in 2020?

Bitcoin, which fell to $ 3.8 thousand in March, has gained 400% since then. And this is not the best result in the sector of crypto assets – popular altcoins brought investors significantly more profit.

In 2020, the cryptocurrency market has shown significant growth. Bitcoin and other popular coins have risen in price several times since January. In March, when financial markets fell due to the spread of the coronavirus around the world, the cryptocurrency sector was no exception. But after the financial crash, it is performing better than the stock market.

On March 13, the bitcoin rate dropped to $ 3.8 thousand, although at the end of February it still exceeded $ 10 thousand. Then the price of the coin began to rise and now it costs $ 19.2 thousand, having increased by 400% in dollars, and by 420% in rubles. To earn 1 million rubles. during this period, it was enough to invest in BTC in March about 240 thousand rubles.

Ethereum has shown even greater growth since March. Then it fell in price to $ 90, but then began to grow along with bitcoin. During this period, altcoin added 590%, today, November 24, the price reached $ 620, exceeding the maximum in May 2018. It was enough for users to invest about 170 thousand rubles in ETH in March in order to make a profit of 1 million rubles by now.

Ethereum is not the only one that has updated the local high today. A new price record since 2018 was also set by the Ripple XRP token, its rate at the moment was rising above $ 0.9. Since March, altcoin quotes have increased by 800%, then against the background of the collapse of the entire market, they dropped to $ 0.1. Having bought a coin at this rate for 125 thousand rubles, the investor could by the current moment receive 1 million rubles. arrived.