How much will $1,000 today be worth at new all-time highs.
Given the cyclical nature of all markets, cryptocurrencies are within range of turning to the upside again. Comparing all-time highs to present values can create massive potential upside trades.
$1,000 today would be worth $2,66.39 if Bitcoin returned to an all-time high.
The purpose of this article is to identify how much $1,000 today will be worth if a cryptocurrency were to return to its all-time highs. Assuming that Bitcoin returns to all-time highs and exceeds that value, indeed, some other cryptocurrencies may also reach those new all-time highs. Some are more likely to find their way to their all-time high than others. But let’s assume that out of the top 30 non-stable coin market cap cryptocurrencies, most of them will reach their all-time high again. The question is: how much will $1,000 today be worth if another cryptocurrency returns to its all-time high? Let’s find out.
I wrote about Zcash (ZEC) yesterday and how amazing its ability to create new all-time lows has been – basically since it’s launch on various exchanges. Like I said yesterday: It’s hard to believe that at one point, Zcash was trading near $1,000. At the current rate of $28.90 per coin, $1,000 would net you around 34.6 Zcash. The all-time high of Zcash on Binance’s chart is $876.67. If Zcash returns to it’s all-time high, $1,000 of ZEC today will be worth $33,881.10.
Like the majority of alt-coins, Cardano (ADA) has suffered massive losses from its all-time highs. $1,000 today would net you around 2,653.08 Cardano. If Cardano returns to its all-time high of $1.4040, your $1,000 of ADA today will then be worth $37,232.90.
I like Litecoin (LTC), but I’ve also hated it. If market makers have a sense of humor, then Litecoin’s all-time high of $420 is indeed humorous. Litecoins’s big-man, Charlie Lee, infamously sold his entire stake at or near the all-time high claiming it was better for Litecoin if he wasn’t a hodler – or some excuse like that. $1,000 today would net you around 22.2 Litecoin. If Litecoin returns to the all-time high of $420, your $1,000 of LTC today will be worth $9,339.
If Zcash is a leader among its peers for underperformance, then STEEM is probably among the world leaders of horrible performance. It’s worse than Zcash. STEEM’s platform is… it seems abandoned. The whole idea of making money for posting content and rewarding others for their content was a good idea, but horribly implemented. But let’s get to the numbers. This one is quite hilarious and falls into the realm of hysterical. STEEM’s all-time high was an almost unbelievable $10.18; today, it’s $0.1199. $1,000 today would net you $8,340 STEEM. Upon a return (not even remotely likely) to it’s all-time high, $1,000 of STEEM will be worth – get ready for it – $103,079. That’s right. STEEM would have to move over 10,000% higher from today’s current value.
This is the GBSN of cryptocurrencies. Who knows how much Ripple (XRP) is actually in escrow, just waiting to dilute Ripple’s value even further. I am also convinced Ripple is a cult – its followers and adherents are dogmatically opposed to any criticism of Ripple. Anyway. $1,000 today nets around 4,439.90 Ripple. A return to the all-time high of $3.5440 means $1,000 of XRP today will be worth $15,749.70.
Stellar Lumens (XLM)
Ripple’s equally poorly performing cousin, but more useful and hodler worthy XLM is another champion of consistently new all-time lows. Where Ripple thinks that magically creating new Ripple and thrusting billions of it into the market will raise Ripple’s value (Ripple’s fans should really look at how the Bolivar worked), Stellar did the total opposite and wiped out half of its total supply (55 billion XLM removed out of a prior total supply of 105 billion). And yet, no one cared. There was a small pamp in value, but XLM just sold off all of its gains. Your $1,000 worth of XLM today would be worth $19,043 if XLM returned to its all-time high of $1.0522.
And finally, let’s look at the number two market cap crypto – Ethereum. Without going into to much detail, the measure of the return you get for $1,000 in Ethereum today versus Bitcoin is somewhat telling. I sometimes forget that Ethereum used to trade near $1,500 – it’s all-time high is $1,419.96. $1,000 in Ethereum today would be worth $9,556.90.
It’s easy to tell which cryptocurrencies will make the most gains from their present levels. But we also need to be aware of how likely any of those scenarios would be. Bitcoin’s rise to its all-time high is the most anticipated event out of all of these cryptocurrencies. STEEM’s +10,000% raise is the least likely. But the others have strong cases for returning to their all-time highs. Putting all your eggs into one basket is a bad idea, but spreading out capital to various cryptocurrencies that have decent liquidity can yield some massive gains.