Science

The big winners of cryptocurrencies in 2021

Since the beginning of 2021, the total capitalization of the cryptocurrency market has gained 190%, from just under $ 800 million to more than $ 2.3 trillion today. It hit an all-time high of just over $ 3 trillion in early November.

The 3 cryptocurrencies that will earn the most in 2021

Dogecoin (DOGE)

Dogecoin has skyrocketed this year, mainly due to Elon Musk’s endorsement on social media. On January 1, 2021, the DOGE was only worth $ 0.004 and was largely ignored by most crypto traders. DOGE experienced its first outbreak in February.

DOGE prices skyrocketed in April and May, rising more than 1,100% to an all-time high of $ 0.731 on May 8, bringing it to fourth place on the cryptocurrency rankings.

In June, Musk promoted DOGE as a payment network, prompting a new round of FOMO for memecoin.

DOGE has fallen since May, against both bitcoin and the dollar, but has still made a monumental 3800% gain since the beginning of the year.

Solana (SOL)

The native blockchain token Solana also had a banner year in terms of earnings. In early 2021, SOL was only worth $ 1.52, today it is trading just over $ 150. This is a gain of more than 9.800% in less than a year.

SOL hit an all-time high of $ 260 in early November, but fell back as markets began to correct at the end of the year. This massive move helped SOL climb to fifth place in the market cap ranking after reaching fourth place.

Large investments and increased adoption in the wake of high gas tariff prices in Ethereum gave a boost to Solana, who was also touted as an “Ethereum killer.” In June, Solana Labs raised $ 314 million through a private token sale led by Andreessen Horowitz and Polychain Capital.

Earth (MOON)

The native token of the Terra network has also entered the top 10 cryptocurrencies. LUNA started the year trading at around $ 0.65 and was largely unknown to the general public.

Prices spiked in March and May, but didn’t really take off until August, when a massive surge took LUNA to an all-time high of $ 100 a few days ago. LUNA had risen 8.515% since the beginning of the year.

The rapid expansion of the Terra ecosystem partners was largely responsible for the price increase.

A few others are also worth mentioning for making impressive gains this year and they include Avalanche’s Avax up 2.330% YoY, Polygon’s MATIC which jumped over 12,000%, and Binance. Coin (BNB) gaining 1,271% this year.

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