2021 has undoubtedly been a bull market, with Bitcoin ( BTC ) setting new all-time highs on various occasions. But not all crypto assets have performed the same. There have been a number of losers in addition to the majority of winners in terms of price increases.
Since early 2021, the total capitalization of the cryptocurrency market has gained 190%, going from just under $ 800 million to more than $ 2.3 trillion today. At the beginning of November, it reached a all-time high of just over USD 3 trillion .
3 cryptocurrencies that earned the most in 2021
The top 10 cryptocurrencies in terms of market capitalization had an aspect something different on January 1, 2021, as it contained Litecoin ( LTC ), Chainlink ( LINK ) and Bitcoin Cash ( BCH ) . They have said goodbye and have given way to Solana ( SOL ), USDC and Avalanche ( AVAX ) at the end of the year.
Dogecoin (DOGE)
Dogecoin soared this year, driven primarily by Elon Musk’s surreptitious posts on social media. On New Years Day, the DOGE token was priced at just $ 0.004 and was ignored by most cryptocurrency traders. DOGE made its first little spurt in February following the first of what would be several Elon-driven rises.
DOGE’s price really skyrocketed in April and May, when it rose more than 1,100% to hit an all-time high of $ 0.731 on May 8, which pushed the charts up to fourth place.
Musk praised the virtues of DOGE as a payment network in June, prompting another round of FOMO for memecoin.
DOGE has been on a downtrend from that epic May high, both against Bitcoin and against the US dollar. However, all the media coverage it has garnered, plus listings on major trading platforms, has still given the Shiba Inu-inspired joke coin a monumental 3,800% gain so far this year. In terms of BTC, DOGE has gained 2,100% on the year, going from 168 satoshis to 3,696 satoshis in mid-December.
Initial position by market capitalization on 15 December: 26 – Final position: 11
Solana (SOL)
The native token of the enterprise blockchain Solana has also had a year of great earnings. In early 2021, SOL was priced at just $ 1.52, and at the time of this writing it was trading at just over $ 150. That’s an epic gain of over 9.800% in less than a year.
The SOL token hit an all-time high of $ 260 in early November, but has receded as markets began to correct at the end of the year. The huge move has seen SOL rank fifth on the market capitalization charts, after having reached fourth place . Against BTC, SOL has gained 6.473% on the year.
Large investments and increased adoption following rising transaction costs on Ethereum powered the Solana network, which has also been regarded as a “ Ethereum killer “. In June, Solana Labs raised USD 314 million to through a private token sale led by Andreessen Horowitz and Polychain Capital.
Initial position: 112 – Final position: 5
Terra (LUNA)
The native token of DeFi payment network Terra was also briefly in the top ten for cryptocurrencies. LUNA started the year trading at around $ 0.65 and was largely an unknown token to average retail traders.
Price rose in March and May, but not It really took off until August, when a huge rally took LUNA to an all-time high of $ 77.73 on December 5. At press time, LUNA was trading at a whopping 8.515% since the beginning of the year. In terms of satoshis, LUNA is up 5.815% this year against BTC.
La Rapid expansion of partners in the Terra ecosystem has been largely responsible for the bullish price action.
Starting position (CoinMarketCap): 62 – Position final: 10
Some other tokens are also worth mentioning for their impressive returns this year, such as Avalanche’s AVAX, which is up 2,330% on the year , MATIC , from Polygon, which is up over 12,000%, and Binance Coin ( BNB ), which is up 1,271% this year.
3 cryptocurrencies that lost the most in 2021
Internet Computer (ICP)
The project Dfinity’s Internet Computer appeared on the scene this year after 5 years of largely secretive development. It promised an Internet revolution that would replace the billion dollar computing and Internet industry by allowing developers to install their code directly on a “public Internet” without having to rely on third-party hosting companies.
Speculators, in their madness for the next big investment in the cryptocurrency space, pounced on ICP tokens when they hit major exchanges in mid-May, which caused the price to skyrocket to quickly reach an all-time high of $ 700 on May 10.
Since then, the price of ICP has practically plummeted to a All-time low of $ 24.29 on December 4, a painful 96% drop from its peak just 7 months earlier. It has also lost 93% to Bitcoin in terms of satoshis.
Initial / highest position: 8 – Position final: 37
Eos (EOS)
The Once a cryptocurrency darling, who many believed would wipe out Ethereum, she has actually done very little in terms of price movements this year, while those around her have risen.
EOS had already left the top ten of the market capitalization as of January 1 and continued to decline positions throughout the year. EOS prices have only gained a small 15% throughout the year, when others were in 3-4 figures, so we would consider it a loser if we look at the bigger picture.
Block.one’s once-hyped token was trading at $ 3.25 at the time of writing, having plummeted to 50th by market capitalization. It is currently 86% below its April 2018 all-time high of $ 22.71, and has lost 22% to BTC throughout the year.
At the beginning of November, the members of the EOS ecosystem expressed their dissatisfaction with the direction the network was taking.
Initial position: 15 – Final position: 50
Monero (XMR)
Monero, a cryptocurrency focused on privacy, it has also fallen heavily on the market charts this year, as several of the major exchanges removed from their lists those digital assets that offer anonymity .
XMR prices have rallied just 17% this year and have not come anywhere near their January 2018 all-time high of $ 524. Currently trading at about $ 183, the token has plunged 66 % from that high, which has caused a drop to 49th place on the market capitalization charts. Monero has lost 30% to Bitcoin since the beginning of the year.
Initial position: 16 – Final position: 49
To put these gains and losses in perspective, Bitcoin is up 67.5% so far this year, while Ethereum is up 440%.
Note: This article has been indexed to our site. We do not claim legitimacy, ownership or copyright of any of the content above. To see the article at original source Click Here
