If you thought Bitcoin's more-than-1000% surge in 2017 was astounding, think again. The astronomic rise was but merely a blip in the ethereal world of cryptocurrencies.
Quartz reports that Ripple, a technology that is both a cryptocurrency and a digital payment network, led the dizzying march of cryptocurrencies by delivering a 36018% return in 2017. Yes, you read that right - 36018% in returns.
Ripple, which some call the bankers' cryptocurrency, went on to finish 2017 with a market cap of over $85 billion making it the world's second-largest cryptocurrency too. Its massive surge came towards the end of the year.
NEM, a peer-to-peer cryptocurrency and blockchain platform that went live on March 31, 2015, came next yielding a 29842% return.
At fifth place was Ethereum, till recently the world's second biggest cryptocurrency after Bitcoin, but that has been pushed to third by Ripple. Ethereum, which currently has a market cap of $ 72 million, delivered a 9162% return in 2017, according to Quartz based on data measured by CoinMarketcap.
Bitcoin with a 1318% return was only eighth on this list, emphasing the sheer pinch-me-hard-not-once-but-thrice-to-help-me-realise-this-is-real feel of the list. The world's leading cryptocurrency has a market cap of over $235 billion at the moment.
Among cryptoassets, Bitcoin ranks even lower in terms of returns, at the 14th place.Bitcoin tanks south of $ 12,000 after South Korean FM threatens outright shutdown