Cryptocurrencies have shot into the public consciousness in recent years. The changing value of certain coins, coupled with celebrity usage has catapulted crypto stories into the mainstream news. Consequently, more people than ever own and use major cryptocurrencies such as Bitcoin and Ethereum, looking to make good on their investments.
As cryptocurrency ownership has become more common, the options open to crypto-using customers are becoming concurrently commonplace. Increasingly, companies and stores are looking into allowing customers to pay for goods with cryptocurrencies, rather than the standard money in any given part of the world.
But which companies allow you to spend your crypto coins, and is it really worth it? As the value of cryptocurrencies is so volatile, your bargain purchase one day could transpire to be a disastrous transaction as the value of your coin changes.
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The majority of the top-performing cryptocurrencies today have increased in value in the past two years, with the average increase amongst the twenty best coins being 51.35%. The most popular cryptocurrency, Bitcoin has increased by 58.41%, from just over $9,000 per coin to over $21,000.
Solana has seen the biggest increase in value in the past two years, rising in value by over $25, a rise of almost 98%. Dogecoin has seen the second biggest rise (95.4%), and Polygon the third (95%).
(SOL)
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(DOGE)
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(MATIC)
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Only two of the coins have decreased in value over the past two years, which reflects the rise in the strength of the cryptocurrency market in that time period. The three worst-performing coins are all stablecoins meaning they are pegged to the value of another currency (in this case US dollars). Therefore there is only a slight change in their value over time either way, Tether has had the biggest drop, as it is worth 0.46% of what it was two years ago.
(USDT)
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(USDC)
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(BUSD)
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Whilst prices of cryptocurrency have been growing in recent years, the past twelve months have seen a crash in the market, as many coins have seen their value tumble throughout 2023. Bitcoin is an example of this, the flagship cryptocurrency has lost almost 70% of its value and has dropped from $40,000 to $24,000 at the time of writing, it almost got to $70,000 in November 2021 at its peak. On average, the value of the top 25 coins dropped by 117.41%, and only six of them increased in value over the year.
UNUS SED LEO is the cryptocurrency that has seen the biggest increase by far in the past 12 months, increasing by over 48% from $2.88 to $5.34. Shiba Inu rose by 11.83%, and NEAR Protocol by 10.76%.
(LEO)
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(SHIB)
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(NEAR)
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The decrease in value across the entire cryptocurrency market has been felt worse by some coins than others. The top two worst performing (Uniswap, and Dogecoin) have seen their values slash by over 500% each. Chainlink had the third biggest decrease, as its value dropped by 273%.
(UNI)
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(DOGE)
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(LINK)
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Using the recorded value of cryptocurrencies, we’ve created the following calculator so that you can discover how much the crypto you used for purchases could be worth if you held onto it.
The value of the crypto on the date of your purchase was
The value of crypto today would be worth
The maximum value of the same amountof crypto at the coin’s peak value was
Companies that trade in crypto were found using various articles and lists.
We then ordered them by the size of their company revenue in 2021.
CoinMarketCap was used to source the value of each coin as of June 13th 2023, as well as 2020 and 2021.