TOP five coins that saw huge gains in 2021
Five coins that saw huge gains in 2021
Crypto investors are doing well in 2021 as they are in 2020. Despite the volatility in the market, the general attitude towards cryptocurrencies is positive. The popularity of memes, altcoins and NFTs has soared over the past year. Meme coins like Shiba Inu and Dogecoin dominate the conversation, with entrepreneurs like Elon Musk often backing their favorites. Musk, who often tweets cryptic information about the cryptocurrency business, initially supported Dogecoin but eventually switched support to Shiba Inu. This year has brought extraordinary success for the crypto industry as the world is once again busy finding ways to deal with the COVID-19 pandemic.
Bitcoin, the self-proclaimed “Dogecoin Killer,” is seeing astonishing growth in 2021 — up 43 million percent in price from January to December. At the beginning of the year, it was worth $0.000000000077. Then, very few people are interested in coins. However, May’s rally provided the Shiba Inu with the necessary boost, which also allowed it to solidify its position. The coin surged to an all-time high of $0.00008616 in October, with a market cap of $40 billion. At the end of December, Shiba was trading at $0.00003407.
Solana is growing more than 10,000% in 2021. The coin started the year at $1.52 and crossed the $50 mark in mid-May. The price did rise from $40 to over $180 in August and September. Solana hit an all-time high of $259 in November. In December, it was trading at $172.
Sequels (aka SHIB) aren’t often better than the original, but DOGE is still a solid meme story. DOGE ended the year with a 2,910% profit, catching the attention of celebrities, influencers, investors, and blockchain enthusiasts. But let’s face it, most of them are probably because of money (and jokes), not technology.
One of the greatest DOGE evangelists is undoubtedly Elon Musk. Musk, commonly known as the “Father of the Great Dane,” has repeatedly offered meme coins to his 68.9 million subscribers, even confirming that Tesla will accept DOGE for payment. In an interview with Time magazine, Musk said: “Bitcoin is not a good substitute for trading currency. Even though it was created as a silly joke, Dogecoin is better for trading. You use Dogecoin The overall transaction flow that you do, like daily transactions, has more potential than Bitcoin.”
What’s more, the billionaire owner of the Dallas Mavericks, Mark Cuban, launched a cash-back incentive program to incentivize DOGE to pay for merchandise and tickets. According to CryptWerk, 1,983 merchants around the world now accept DOGE as a payment method, up from 1,206 in early 2021.
Binance Coin (BNB) is up 1271% by the end of 2021. Previously, BNB was only used as a transaction fee discount on Binance, the world’s largest centralized cryptocurrency exchange, but has grown into a leader in the DeFi ecosystem and is ERC-20 compliant. Since its launch in 2020, Binance Smart Chain (BEP-20) has seen over 1.5 billion transactions over its lifetime and a TVL of $16.61 billion. 32.98% of TVL comes from DEX and PancakeSwap gaming/NFT platforms, with 3,759 tokens available for trading in the last 24 hours, with a total transaction volume of $760.2 million.
BNB is used to pay for gas on Binance Chain and BEP-20 and is fungible. Binance reserves a portion of the profits for BNB buybacks, which are finalized quarterly. During the 17th quarter burn, which took place in October, the amount of BNB burned was $639.5 million.
According to a recent report by CryptoRanks and Santiment, Cardano (ADA) is the most advanced blockchain in 2021. Over the course of the year, there were over 140,000 Cardano-themed GitHub events, beating Kusama and Polkadot for second and third place. Last September, Cardano forked its proprietary Alonzo fork, allowing smart contracts to be used on its proof-of-stake (PoS) network.
Shortly thereafter, the number of ADA wallets crossed the 2 million mark. Meanwhile, its founder, Charles Hoskinson, briefed enthusiasts about the state of the Hydra update, which could theoretically allow the network to process hundreds of transactions per second. In early January, Hoskinson announced plans to gradually turn Cardano into a permanent open source project. ADA ended the year with a 673.8% return.
Five more coins, that had hige gains in 2021
Luna also posted an impressive 13,790% growth in 2021. The price started the year at $0.65 and rose to a new high of $22 in early March. Then, in the second half of the year, in early December, it reached a new high of $81. By the end of December, it had breached the $100 barrier, hitting an all-time high of $103.33 before falling to $85.49.
Axie Infinity (AXS)
In early 2021, AXS was trading at $0.53. Then in June, utility tokens started heating up as interest turned to the gaming industry. The token used to play Axie Infinity, a Pokémon-inspired metaverse powered by the Ethereum blockchain, surged to an all-time high of $164 before returning to its current level of $94.90. In one year, its price has risen by 12,022%.
Bitcoin, the largest cryptocurrency by m-cap, remains in the lead throughout 2021, keeping its distance from its closest competitor, Ethereum. However, price volatility is observed throughout the year. It started the year at a low of $28,803 on Jan. 1 and peaked at $68,789 on Nov. 10. While the gain was only 138%, it was enough to keep investors happy. Bitcoin traded at $46,863 at the end of December.
Fantom tokens are the platform’s own cryptocurrency. This is what it’s for:
- Staking: Fantom uses a Proof-of-Stake model. Transactions are verified by nodes consisting of people’s Fantom tokens. By betting cryptocurrencies in this way, you help secure the network and earn rewards.
- Governance: Since Fantom is decentralized, token holders make decisions about its future. By holding and publishing Fantom, you can propose and vote for changes.
- Network fees: Fantom network fees are paid in its cryptocurrency. These fees are levied on transactions, smart contract deployment, and creation of new networks.
- Payments: Fantom is a convenient way to transfer funds to other parties due to fast transaction speeds and low fees.
Avalanche is an open source blockchain designed for decentralized application development and enterprise use. Developers claim that blockchain offers scalability, speed, and the ability to communicate and work with other blockchains. Unlike the Bitcoin network, where computer miners compete to process transactions and are rewarded in a system called proof-of-work, Avalanche is a proof-of-stake blockchain in which people are The amount of coins allocated to the blocks to be mined. Keep. Avalanche rewards users with its own AVAX tokens.