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14 March

By Ahmed Mamdouh

Category: Cryptocurrencies

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Watch monthly returns for top Cryptocurrencies

The yield earned by cryptocurrencies' investors have varied massively over the last 12 months, reflecting the huge divergence between top- and bottom-performing digital currencies, according to a new research by Bitwise Asset Management.

The research tracked the prices of the top 10 cryptocurrencies in terms of market capitalization starting from March 17, 2017 until February 18 this year.

Bitwise HOLD10 Index recorded a difference of 300.1 percent over the year period, where the highest divergence was depicted in December with 784.9 percent.

It is crystal clear that returns have been dwindling since the beginning of the year amidst crackdown from governments and central banks over cryptocurrencies.

The highest return was recorded by the NEO in June 2017 as it reported a whopping 751 percent gain, while the Bitcoin offered a modest reward of 15.2 percent on average.

Ahmed Mamdouh

Ahmed Mamdouh is the head of the English Fundamental Analysis at D1stp.com, with 9 years of experience in the financial markets. Mamdouh holds a Master’s Degree in Economics from The American University in Cairo and a Bachelor Degree in Economics from The Faculty of Economics and Political Science, Cairo University.