In 2018, many coins were up in value by a lot. This was the year that saw Bitcoin surpass $20k and Ethereum reaching new heights with it’s market cap reaching $25 billion. As 2019 begins to take shape, there are five coins that have seen massive gains so far.
The “next cryptocurrency to explode 2021” is a prediction that has been made by many people. The five coins that are expected to see huge gains in 2021 are Bitcoin, Ethereum, Ripple, Litecoin and Monero.
The year 2021 was a watershed moment for cryptocurrency, with Bitcoin (BTC) and Ether (ETH) gaining 60.58 percent and 408.5 percent, respectively, during the course of the year. For the latter, the proliferation of decentralized financing (DeFi), nonfungible tokens (NFTs), decentralized applications (DApps), and decentralized exchanges (DEXs) based on its blockchain has spawned a new digital currency cyberspace that spans the globe.
However, cryptocurrencies had a banner year, outperforming BTC and ETH by a wide margin over the same time period. So, without further ado, here are five cryptocurrencies that rose from obscurity to prominence in 2021.
Shiba Inu is a kind of Shiba Inu dog.
Of course, the Shiba Inu, the ubiquitous meme symbol, is at the top of the list (SHIB). SHIB holders saw a mouth-watering increase of 29,513,624.1 percent from start to end in 2021, despite the fact that it was launched as a joke and as a spin-off from Dogecoin (DOGE). However, the network has progressed well beyond meme status. There is currently a ShibaSwap DEX with about $324.5 million in total value locked (TVL) at the time of publishing, as well as support for NFT drops and two additional native tokens.
The memes, on the other hand, have been soaring high all along. Adam Aron, the CEO of AMC Entertainment, held a Twitter poll in October asking whether the well-known movie theater chain could accept SHIB tokens as payment for movie tickets. The survey received 153,100 votes, with 81.4 percent of respondents supporting it.
TWITTER POLL #2: As you may know, you can now buy AMC gift cards with cryptocurrency, and our IT team is working on technology to accept Bitcoin, Ethereum, Litecoin, and Dogecoin, among other cryptocurrencies, online. Should we also try to get Shiba Inu?
October 29, 2021 — Adam Aron (@CEOAdam)
Soldiers of the “Shiba Army,” who are dedicated to the cause, have shown to be zealous defenders of the token when confronted with blockchain foes. In December, former SHIB influencer Ask the Doctor, a Canadian medical Q&A site, went missing and chose to sue Shytoshi Kusama, the volunteer project head for SHIB, for libel. Kusama not only retaliated (with Tweets), but the Shiba Army went all-out on the whole (cyber) battlefield. Within hours, Ask the Doctor had lost over 10,000 of its 58,000 Twitter followers, and its TrustPilot website had been inundated with hundreds, if not thousands, of one-star reviews, which the platform’s moderators started to remove.
Inform your legal team that purchasing a verified account and using it to defraud others is prohibited. Inform them that taking money from individuals for a service you never supply is prohibited.
And if you’re serious about coming to fetch me…
COMING TO GET ME.
Anyway, it’s nearly time… I’m prepared. https://t.co/jTnQydUWBt
December 21, 2021 — Shytoshi KusamaTM (@ShytoshiKusama)
2. Solana
Solana (SOL) managed to live up to its lovable moniker of “Ethereum Killer,” processing 1,847 transactions per second and with an average cost per transaction of less than one penny at the time of publishing, with a gain of 11,120 percent in 2021. Meanwhile, with gas rates of $133.17 each smart contract execution, the Ethereum network can only execute 15 transactions per second.
The blockchain has caught the attention of many developers from FTX-backed gaming studios due to its high efficiency, and the most successful NFT project originated from Asia to the privacy-enhanced browser Brave, which has over 42 million users. Twitch co-founder Justin Kan established Fractal, a new blockchain gaming-focused NFT marketplace on the Solana network, in December, and it already has over 110,000 users.
We’re beginning with the @solana blockchain because we think game producers that desire a large number of in-game assets will find the cheap cost and fast speed of transactions intriguing.
December 13, 2021 — Justin Kan (@justinkan)
3. The Dogecoin cryptocurrency
It’s not often that sequels — in this case, SHIB — outperform the original, but DOGE is still a strong meme token narrative. DOGE drew the attention of celebrities, influencers, investors, and blockchain enthusiasts alike, finishing the year with a rise of 2,910 percent. But, let’s face it, most of them were probably more interested in the money (and the jokes) than the technology.
Elon Musk, of course, is one of the most vocal proponents of DOGE. Musk, dubbed the “Dogefather,” has promoted the joke currency to his 68.9 million Twitter followers on several occasions, and has even stated that Tesla would take DOGE for goods purchases. “Bitcoin is not a suitable alternative for transactional cash,” Musk remarked in a Time Magazine interview. Despite the fact that it was designed as a joke, Dogecoin is more suitable for transactions. Dogecoin’s overall transaction flow, such as transactions per day, has a far larger potential than Bitcoin.”
Furthermore, Mark Cuban, the billionaire owner of the Dallas Mavericks, has launched a cashback incentives scheme to encourage DOGE purchases for goods and tickets. According to CryptWerk, 1,983 retailers accept DOGE as a form of payment globally, up from 1,206 at the start of 2021.
Dogecoin is a cryptocurrency that is popular among the general public.
February 4, 2021 — Elon Musk (@elonmusk)
Binance Coin is number four.
Binance Coin finished 2021 with a gain of 1,271 percent (BNB). BNB has grown into a leader in the DeFi ecosystem and is ERC-20 compliant, having previously only been utilized as a discount for trading costs on Binance, the world’s biggest centralized crypto exchange. Binance Smart Chain (BEP-20) has exceeded 1.5 billion lifetime transactions and a TVL of $16.61 billion since its inception in 2020. PancakeSwap, a DEX and gaming/NFT platform, accounts for 32.98 percent of the TVL, with 3,759 coins accessible for trade and a total transaction volume of $760.2 million in the last 24 hours.
BNB is interchangeable and used to pay for gas costs on both the Binance Chain and BEP-20. Every quarter, a part of Binance’s income is used to purchase back BNB for permanent elimination. BNB worth $639.5 million was destroyed at the 17th quarterly burn, which took place in October.
Just a few hours ago, the total number of transactions on #BinanceSmartChain surpassed 1,500,000,000. The #BSC community is unstoppable in this photo. twitter.com/nSoO6sfj0s
October 27, 2021 — Binance Smart Chain (@BinanceChain)
Cardano is number five.
Cardano (ADA) was the most developed blockchain in 2021, according to a new assessment by CryptoRanks and Santiment. Throughout the year, over 140,000 GitHub events involving Cardano were recorded, beating out Kusama and Polkadot for second and third place, respectively. Cardano’s signature Alonzo Fork took place in September, allowing smart-contract capabilities on its proof-of-stake (PoS) network.
Shortly after, the total number of ADA wallets reached 2 million. At the same time, Charles Hoskinson, the company’s creator, provided an update on the Hydra upgrade, which may potentially allow the network to perform hundreds of transactions every second. Hoskinson stated intentions to progressively turn Cardano into a permanent open-source project in early January. ADA ended the year with a 673.8 percent gain.
ADA WALLETS HAVE SOLD OVER 2 MILLION TIMES.
We were just celebrating reaching 1 million #ada wallets not long ago, and now we’ve surpassed 2 million! @F Gregaard @IOHK Charles @IOHKMedia @InputOutputHK pic.twitter.com/x40pri9tjN #Cardano #CardanoCommunity @F Gregaard @IOHK Charles @IOHKMedia @InputOutputHK pic.twitter.com/x40pri9tjN
November 1, 2021 — Cardano Community (@Cardano)
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The “top cryptocurrency” is a term that refers to the top 5 cryptocurrencies in terms of market capitalization. These coins saw huge gains in 2021.
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