If you were lucky enough to Bitcoin a few years ago, you’re probably feeling pretty smug about yourself
But what if you’re skint and hoping to copy some of their success?
It’s probably too late to get involved in the booming Bitcoin market, because just one of them will now cost you well over £10,000 after growing in value during 2017 from just £738 on January 1.
Yet other cryptocurrencies have also seen astonishing growth.
Ripple, a new coin created by the founder of bitcoin exchange Mt Gox, surged 35,000 percent during 2017 – way higher than the 1,200 percent growth of Bitcoin.
That means £100 invested in Ripple in January 2017 would have grown to about £35,000 at the start of this year. This coin is expected to become even more valuable if rumours that Coinbase will soon start trading it turn out to be true.
Bitcoin is still the biggest cryptocurrency by far – with market value exceeding $250 billion (£185 billion) – and is expected to keep that mantle in the months to come.
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