Crypto Markets Outlook – 100 Day Performance DOGE, UNI, BTC, ETH

Friday 30 April 2021, 10:04 AM AEST - 1 month ago

There are many indications that we’re still in a crypto bull market, so let’s take a look at some popular coins and how they have been performing.

Which Coin Won The Last 100 Days?

The last 100 days have been a turbulent period for crypto enthusiasts. There have been some coins that delivered phenomenal returns, while others have been less impressive. Let’s compare some of the big players.

100 Day Snapshot
Source: Coin Metrics Network Data Charts

$100 worth of the relative safety of Bitcoin (BTC) puchased 100 days ago is now worth $135, not too shabby compared to bank interest and government bonds. 

$100 worth of Ethereum (ETH) purchased 100 days ago is currently worth a more exciting $186 today driven largely by the explsion in NFTs.

Meanwhile, $100 worth of Uniswap (UNI) has rocketed to $401 in the past 100 days as traffic to the platform continues to grow.

But the real winner of the past 100 days is Dogecoin (DOGE), which would have seen $100 multiplied to a whopping $2,742 during the same timeframe. Such returns are not even considered feasible by those that invest in stocks or other ‘real world’ commodities. 

Dogecoin’s Long-term Prospects

For Dogecoin investors there is a significant probability that the coin may retrace its spectacular recent run. Many serious crypto thinkers believe it to be something of a joke that does not deserve its multi-billion dollar market cap. But occasionally markets behave strangely as the past 100 days shows. A single tweet from Elon Musk can send the Dogecoin price vertical. Its value is not based on solid fundamentals or impressive whitepapers, it’s a vehicle for those enjoy memes and don’t take life too seriously. 

Crypto Markets - 100 Day Snapshot

Jackson Byrne – Crypto News Guest Author

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