Ethereum Set to Be the Most Lucrative Investment
Do you want to go from being a stock market dreamer to a high earner? A new tool could be what you need to transform your hindsight into insight. How Rich Would You Be? uses market data from the past 12 months to reveal exactly what you could have made if you invested in a […]
Do you want to go from being a stock market dreamer to a high earner? A new tool could be what you need to transform your hindsight into insight.
How Rich Would You Be? uses market data from the past 12 months to reveal exactly what you could have made if you invested in a variety of cryptocurrencies, commodities and companies. It also forecasts the potential gains for each over the coming months to predict the next big investment opportunity.
Via a bespoke algorithm that uses machine learning, the tool feeds historical data on all 15 options through a recurrent neural network to unveil the future rise and fall in value for each investment.
The 15 commodities monitored include:
- Bitcoin Cash
- Alphabet (Google)
All data is displayed in concise visualisations, allowing you to compare individual or multiple investments side-by-side.
The future predictions reveal that the cryptocurrencies will experience the highest percentage increase, yielding more profit than commodities or companies.
The algorithm also reveals that the value of Ethereum will skyrocket from $289.26 per unit to $788.42 if it continues on its predicted path – an astounding 173% increase by October 28th.
Similarly, Ripple investors should look forward to the next month since the cryptocurrency is charted to rise in value by 159% – surging from $0.34 per unit to $0.88 per unit.
Alphabet Inc should perhaps be avoided as the value of the company is set to drop -10% per share. Following in Alphabet’s footsteps is Apple, which is set to fall -8% from $227.63 per share to $208.47.
Despite the unpredictability of the cryptocurrency market, the historical data shows that when compared against commodity and company investments, EOS, Bitcoin and Ripple boasted three of the top five investments.
EOS aficionados who invested in September 2017 will have noticed a 786% increase in price per unit over the last year – a jump from $0.73 per unit to $6.47.
Though it is now set to undergo a negative percentage change, Amazon experienced a 106% increase in value per share between September 2017 and September 2018.
Unfortunately for commodity investors, the two investments that have made the biggest losses over the past year include coffee and copper. Coffee has made the most significant loss over the last year, with a -20% change – dropping from $129.65 per pound to $1103.33.
Copper investors will also have been disappointed with the -12% change in value over the previous year from $3.06 per pound to $2.68.
Commodity investors who chose to invest in oil over copper would have enjoyed a 46% rise from $48.07 per barrel to $69.97 in just one year.
Values: Historical and predicted change in 15 leading investment choices
|Value in 11/09/17 ($)||Value in 03/09/18 ($)||Change %||Predicted Value in 28/10/18 ($)||Predicted Change %|
(Source: How Rich Would You Be?)