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If you decided to invest $100 each in btc and eth last Christmas, how much would they be worth today?
With the market seemingly emerging from a prolonged crypto winter that began in early 2022, on Christmas Day we saw a significant contrast in the value of major cryptocurrencies, particularly bitcoin (btc) and ethereum (eth), compared with the previous year. values of the year.
If an investor had the foresight to invest or gift someone $100 in bitcoin and ethereum last Christmas, they would be making significant profits.
Let's dig into the numbers. On Christmas Day 2022, bitcoin was valued at approximately $16,900. Fast forward to today, it sits at around $43,500. This substantial growth means that a $100 investment in bitcoin a year ago would now be worth approximately $257.4, representing an increase of 157.4%.
ethereum has shown similar performance. It has skyrocketed from around $1,200 on Christmas Day 2022 to around $2,290 today. Consequently, a $100 investment in ethereum last Christmas would now be equivalent to approximately $190.83, an increase of 90.8%.
Looking ahead to 2024, the market is beaming with positivity as the bitcoin ETF hype and halving are about to send the market back to its all-time highs. Analysts expect this bull market to extend beyond next Christmas, but it will depend on which side of the scale market sentiment swings into the new year.
