The new year has brought back the crypto bullmarket. There are a myriad of reasons for that, and you can read more about it here. Below are some of the returns that are typical in crypto.
As of 18 February 2020
The DCX10 token is a crypto asset that represents the top 10 cryptocurrencies in one index. When you buy the DCX10 token, you automatically have exposure to Bitcoin and the 9 other most prominent cryptocurrencies.
Historically, over the last 3 years, DCX10 has outperformed Bitcoin by a substantial margin. Adding ‘altcoins' (coins other than Bitcoin) to your crypto investment is the core idea behind DCX10. Getting exposure to the crypto industry as a whole, not just Bitcoin.
Why has the top 10 Cryptocurrencies outperformed Bitcoin?
There are several theories, but most experts agree that altcoins rise faster than Bitcoin in a bull market (period when prices are in an upward trend) due to the demand from investors switching to these in search of even higher returns than what is available from BTC. Many of these altcoins are still in their early phase and often growth can be stellar.
A term that gets thrown around a lot is 'Alt Season', the part of the crypto bull market where many altcoins “moon” (go up quickly in price) against the dollar and Bitcoin. Think December 2017 when some crypto assets rose 100X. Check out a list of crypto jargon here.
The beauty of the DCX10 token is that it captures the return of the 9 most prominent Alts during Alt Season eg, this year alone.
ETH is up ~100% YTD
XRP is up ~50% YTD
BCash is up ~100% YTD
BSV is up ~216% YTD
This inclusion adds rocket fuel to your return as below. Whereas BTC is up “only” ~35%, DCX10 is up ~47%.
Read: Decrypting crypto jargon
Any opinions, news, research, reports, analyses, prices, or other information contained within this research is provided by Earle Loxton, CEO of DCX Capital (Pty) Ltd as general market commentary, and does not constitute investment advice for the purposes of the Financial Advisory and Intermediary Services Act, 2002. First World Trader (Pty) Ltd t/a EasyEquities (“EasyEquities”) does not warrant the correctness, accuracy, timeliness, reliability or completeness of any information (i) contained within this research and (ii) received from third party data providers. You must rely solely upon your own judgment in all aspects of your investment and/or trading decisions and all investments and/or trades are made at your own risk. EasyEquities (including any of their employees) will not accept any liability for any direct or indirect loss or damage, including without limitation, any loss of profit, which may arise directly or indirectly from use of or reliance on the market commentary. The content contained within is subject to change at any time without notice.