Bitcoin vs. Ethereum vs. Shiba Inu vs. Doge: If you invested $1,000 in each cryptocurrency at the start of the current bull market, how much would you have now?

Cryptocurrencies have been in free fall since late last year as buying appetite increased in anticipation of regulatory approval. spot bitcoin (CRYPTO: BTC) Exchange traded fund. The rally stalled after SEC approval in early January, but then resumed after a lull.

Which widely held and popular cryptocurrencies have provided better returns for investors?

Stratospheric rise: After an unforgettable 2022, most cryptocurrencies began to rise in 2023, with most of the gains occurring towards the second half of the year. This is in part due to a rise in buy-in as investors focus on past scandals and overall risk aversion improves. But much of the excitement was due to spot approval of a Bitcoin ETF and optimism about its impact on the market.

Spot Bitcoin ETFs are being seen as a way for investors to gain more exposure to digital assets without directly owning them, which could drive widespread adoption of the cryptocurrency.

Bitcoin ended 2022 at $16,547.50 with a loss of over 64%. Cryptocurrencies began a slow and steady recovery in 2023, with gains only beginning to accelerate in late October when the apex cryptocurrency broke through key resistance around $30,000. Bitcoin's rally accelerated again in February after remaining flat for most of January.

Despite warnings from skeptics about a possible correction, crypto investors appear to be wary of the wind and continuing to buy.

See also: Best Online Cryptocurrency Brokers

Return on investment: Bitcoin is trading just short of the $70,000 milestone after breaking above that level last week.performance of Ethereum The second largest cryptocurrency (CRYPTO: ETH) continues its muted performance.

meme coin Shiba Inu (CRYPTO: SHIB), although a latecomer to the party, has made great strides this year. dogecoin Another favorite, (CRYPTO: DOGE), is also gaining attention.

Assuming a hypothetical scenario in which an investor staked $1,000 on each of these cryptocurrencies, the return currently generated would be:

• If you invested $1,000 in Bitcoin at the end of October, it would have been worth 0.029 Bitcoin. His current value is $1,975.87 (based on Saturday's closing price). That's about a 98% return in just over 3 months.
• If you invested the same $1,000 in Ethereum at the end of October, you would have earned $0.55 of the cryptocurrency. This is worth about $2,150, giving you a return of about 115%.
• If an investor put dollars into SHIB, they would get 102,500,000 SHIB for $1,000. In the same case he would be worth $4,250, a return of 325%.
• If an investor had chosen to invest $1,000 in DOGE at the end of October, he would have received 14,646 meme coins. As of Saturday's close, the holding was worth $2,623, an increase of 162%.

At last check, Bitcoin rose 1.61% to $69,472.43, Ethereum edged up 0.31% to $3,906.97, while SHIB fell 4.61% to $0.000034 and Doge, according to data from Benzinga Pro. fell 3.25% to $0.174072.

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