The last 12 months have been a time of incredible growth in the crypto sector, with the global cryptocurrency market cap reaching almost $2 trillion. As well as a plethora of exciting new projects and developments, 2020 also saw a historic level of adoption, with more than 100 million new users joining the crypto scene.
Given the huge gains that cryptocurrencies have made, no doubt a lot of these new users are wishing they’d got involved sooner. This time last year as quarantines were being announced and states of emergency declared, the crypto market crashed in a dramatic event that became known as Black Thursday.
However, scary though it was, this incident presented a fantastic buying opportunity, and today, many are left wondering: “What if I’d invested back then?”
Well there’s no need to wonder any more with the help of the Profit Time Machine. Using this handy calculator tool, we’ve worked out which coins would have given you the best returns over the past year.
Chainlink
Chainlink is a decentralised network of oracles that provide real-world data, such as price or temperature, that trigger smart contract executions on the Ethereum blockchain. This is an invaluable service for any number of crypto applications as blockchains can’t access data outside their network.
The developments show no signs of slowing — Chainlink recently announced the launch of Off-Chain Reporting on mainnet, which represents a major scalability upgrade. It also recently released plans to integrate with Avalanche and expand the Chainlink Labs team, which has already grown to three times its size at the start of 2020.
On 12 March 2020, when the market crashed, LINK was worth $2. It experienced a drop of 65% around the start
