Cryptocurrency has been all the rage in 2020 and 2021, dominating message boards and even the mainstream financial press. While the long-term viability of cryptocurrency is still hotly debated, there’s no denying that those who have bought into the mania over the past year have made some incredible sums.
Read: 10 Best Cryptocurrencies To Invest In for 2021
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Topping the list is Dogecoin, which originated as a joke but turned $1,000 into over $126,000 from June 2020 to June 2021. Probably the most well-known cryptocurrency, Bitcoin, transformed that $1,000 into “only” $3,786 over that year — a nearly four-to-one return — while others like Ethereum and Cardano had 10x and 20x returns, respectively. If you’re considering jumping onto the bandwagon with any of these cryptocurrencies, be sure to check with your financial advisor to see that this type of investing matches your objectives and risk tolerance. Read on for the financial impact of owning these 10 cryptocurrencies over the past year.
USD Coin (USD)
- June 1, 2020 Price: $1.0013
- # of Shares $1,000 Would Buy on June 1, 2020: 998.7017
- June 1, 2021 Price: $1.0005
- How Much Would Your Crypto Would Be Worth After One Year: $999.20
- Total Year Profit: -$0.80
See: 10 Cheap Cryptocurrencies To Check Out
Learn: 4 Best Places To Buy and Sell Cryptocurrency
Tether (USDT)
- June 1, 2020 Price: $0.9988
- # of Shares $1,000 Would Buy on June 1, 2020: 1,001.2014
- June 1, 2021 Price: $1.0006
- How Much Would Your Crypto Would Be Worth After One Year: $1,001.80
- Total Year Profit: $1.80
Deep Dive: What is Tether (USDT)? Should You Invest and Where To Buy?
Defined: What Are Altcoins — and Are the Potential Rewards Worth the Risks?
Bitcoin Cash (BCH)
- June 1, 2020 Price: $243.96
- # of Shares $1,000 Would Buy on June 1, 2020: 4.0990
- June 1, 2021 Price: $683.69
- How Much Would Your Crypto Would Be Worth After One Year: $2,802.47
- Total Year Profit: $1,802.47
Research: Bitcoin Cash (BCH): How’s It Differ From Bitcoin and What’s It Worth?
Mythbusting: 3 Common Crypto Misconceptions Debunked
Bitcoin (BTC)
- June 1, 2020 Price: $9,582.02
- # of Shares $1,000 Would Buy on June 1, 2020: 0.1044
- June 1, 2021 Price: $36,277.85
- How Much Would Your Crypto Would Be Worth After One Year: $3,786.03
- Total Year Profit: $2,786.03
Learn: 10 Major Companies That Accept Bitcoin
See: Ethereum vs. Bitcoin: Which Crypto Is Better?
XRP (XRP)
- June 1, 2020 Price: $0.2045
- # of Shares $1,000 Would Buy on June 1, 2020: 4,889.9756
- June 1, 2021 Price: $1.0244
- How Much Would Your Crypto Would Be Worth After One Year: $5,009.29
- Total Year Profit: $4,009.29
More: Ripple’s XRP: What It Is, What It’s Worth and Should You Be Investing?
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Chainlink (LINK)
- June 1, 2020 Price: $4.3442
- # of Shares $1,000 Would Buy on June 1, 2020: 230.1920
- June 1, 2021 Price: $30.09
- How Much Would Your Crypto Would Be Worth After One Year: $6,926.48
- Total Year Profit: $5,926.48
Defined: What Is Chainlink and Why Is It Important in the World of Cryptocurrency?
See: Should Crypto and NFTs Be Part of Your Retirement Plan?
Ethereum (ETH)
- June 1, 2020 Price: $238.01
- # of Shares $1,000 Would Buy on June 1, 2020: 4.2015
- June 1, 2021 Price: $2,595.80
- How Much Would Your Crypto Would Be Worth After One Year: $10,906.26
- Total Year Profit: $9,906.26
More: Ethereum (ETH): What It Is, What It’s Worth and Should You Be Investing?
Vocab: Cryptocurrency Jargon: A Guide for the Crypto-Curious
Binance Coin (BNB)
- June 1, 2020 Price: $17.40
- # of Shares $1,000 Would Buy on June 1, 2020: 57.4713
- June 1, 2021 Price: $353.16
- How Much Would Your Crypto Would Be Worth After One Year: $20,296.55
- Total Year Profit: $19,296.55
Research: Binance Coin (BNB): Why It’s So Interesting to the Cryptocurrency World
Find Out: Is It Too Late To Invest In Cryptocurrency?
Cardano (ADA)
- June 1, 2020 Price: $0.07932
- # of Shares $1,000 Would Buy on June 1, 2020: 12,607.1609
- June 1, 2021 Price: $1.7424
- How Much Would Your Crypto Would Be Worth After One Year: $21,966.72
- Total Year Profit: $20,966.72
Defined: What Is Cardano (ADA) and Is It Worth Investing In?
Learn: This Generation Owns More Crypto Than Any Other
Dogecoin (DOGE)
- June 1, 2020 Price: $0.002581
- # of Shares $1,000 Would Buy on June 1, 2020: 387,446.7261
- June 1, 2021 Price: $0.3257
- How Much Would Your Crypto Would Be Worth After One Year: $126,191.40
- Total Year Profit: $125,191.40
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Methodology: For this piece, GOBankingRates used CoinMarketCap.com’s data on the ten largest cryptocurrencies in terms of total market cap as of 11:17 a.m. PST on June 2, 2021. With these cryptos isolated GOBankingRates then found (1) June 1, 2020, price as of 12 p.m. EST on that date; (2) number of shares $1,000 would buy you on June 1, 2020; (3) June 1, 2021, price as of 12 p.m. EST on that date; (4) how much your crypto would be worth after one year; and (5) total profit after one year of investing. All data was collected on and up to date as of June 2, 2021.