{"id":434895,"date":"2020-08-16T17:00:10","date_gmt":"2020-08-16T17:00:10","guid":{"rendered":"https:\/\/uniquehot.com\/?p=434895"},"modified":"2020-08-16T11:40:30","modified_gmt":"2020-08-16T11:40:30","slug":"easy-money-coinbase-crypto-coins-grow-over-50-on-average-in-august","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/easy-money-coinbase-crypto-coins-grow-over-50-on-average-in-august\/","title":{"rendered":"Easy Money? Coinbase Crypto Coins Grow Over 50% On Average In August"},"content":{"rendered":"
Looking for more signs that cryptocurrencies may be entering a new bull market<\/a>? Look no further than Coinbase, where on average, buying any crypto asset offered by the platform would have resulted in 50% ROI or more.<\/p>\n But which coins were the top-performing crypto on Coinbase, and which, if any, were lagging behind?<\/p>\n In a data snapshot taken <\/a>from San Francisco-based Coinbase’s price list one-month returns, it is clear that crypto is on fire again.<\/p>\n The list of coins is currently a sea of green on nearly all-timeframes. The most significant results arrived over the last 30 days, following Bitcoin and Ethereum’s massive break through resistance.<\/p>\n Chainlink setting new all-time highs<\/a> and its decentralied oracle competitor Band both helped to skew the total average performance month-over-month.<\/p>\n Related Reading | How Coinbase Bitcoin Collateral Loans Could Promote Long-Term Holding<\/a><\/strong><\/em><\/p>\n Across the board, taking the average performance of all coins offered by the platform resulted in over 57% ROI. This means you could have bought nearly any coin there, and would have seen a strong return.<\/p>\n Recently, a venture capitalist claimed<\/a> that money wouldn’t come as easy during this crypto cycle. However, they likely would be changing their tune after this recent crypto market performance and the sudden bubble-like behavior in decentralized finance.<\/p>\n That trend has morphed into crypto insiders speculating on coins they know well are worthless<\/a>, but are experimenting and adding liquidity anyway.<\/p>\n Greed is reaching some of the highest levels in history<\/a>, but it may only be the start if the bull market has officially begun.<\/p>\n Of the list of over 20 crypto assets listed by Coinbase, sans any stablecoins, the average return was 57%. However, there were a few overperformers that would have pushed the average much higher if it weren’t for a few extreme laggards.<\/p>\n The top five performing cryptocurrencies of the list include Algorand (ALGO) with 134%, Chainlink\u00a0 (LINK) with 111%, followed by Ethereum (ETH) and Cosmos (ATOM) with 81% and 53%, respectively.<\/p>\n Band Protocol (BAND) beat all four for the best return<\/a>, at over 490%. XRP and Maker (MKR) were close behind the top five, each with a 49% rise over the last month.<\/p>\n The absolute worst performer was Basic Attention Token (BAT) at 5%, followed by Augur (REP) at 10%, Ethereum Classic (ETC) at 11%, and Stellar (XLM) at 12%.<\/p>\nCoinbase Coins Sizzle As Crypto Market Catches Fire In 2020<\/h2>\n
57% One-Month ROI On Average: The Best and The Worst Performers<\/h2>\n