With seemingly endless new altcoins claiming that they will change the world whilst generating exorbitant returns for investors, it can be highly informative to sometimes get a bird’s eye view of longer-term altcoin performance by digging through the annals of Coinmarketcap’s historic snapshots. When looking at a historic snapshot from May 12th, 2013, by far the best cryptocurrency purchase one could have made was bitcoin.
According to the snapshot, bitcoin had a market capitalization of just 1.293 billion on the 12th of May, 2012. Back then, the circulating supply was just over half of it maximum total, with approximately 11.14 million coins in circulation.
The price was just $116.07 USD, however, had just gained by approximately 40% in ten days – with the bounce comprising a recovering rally following the fallout from the early-2013 bubble that saw many Cypriots charge into the bitcoin markets seeking refuge from the harsh structural adjustment policies imposed by the European Union and International Monetary Fund.
Of all fourteen cryptocurrency markets listed on Coinmarketcap on May 12, 2013, bitcoin has since far outperformed its rivals, gaining by approximately 7175% in the last five years.
Of the markets listed on the 2013 snapshot, Litecoin is by far the altcoin with the largest market capitalization today (approximately $7.94 billion as of this writing). At the time of the snapshot, the then second largest cryptocurrency had a total market capitalization of just $59.1 million, and a circulating supply of roughly 17.5 million.