Top crypto winners and losers of 2021
The yr 2021 has undoubtedly been a bull market with Bitcoin (BTC) elevating the all-time excessive worth bar a number of occasions this yr. But not all crypto property have carried out equally. There have been plenty of losers along with nearly all of winners by way of worth features.
Since the start of 2021, complete crypto market capitalization has gained 190% from just below $800 million to over $2.3 trillion at the moment. It hit an all-time excessive of simply over $3 trillion in early November.
Top 3 crypto gainers in 2021
The crypto top-ten by way of market capitalization appeared slightly totally different on Jan. 1, 2021, because it contained Litecoin (LTC), Chainlink (LINK), and Bitcoin Cash (BCH). These have dropped out and have given technique to Solana (SOL), USDC, and Avalanche (AVAX) by the yr’s finish.
Dogecoin (DOGE)
Dogecoin has skyrocketed this yr, pushed primarily by Elon Musk’s surreptitious social media posts. On New Year’s Day, DOGE was priced at simply $0.004 and largely ignored by nearly all of crypto merchants. DOGE had its first little spurt in February following the primary of what could be plenty of subsequent Elon pumps.
DOGE costs actually went on a wild journey in April and May after they surged greater than 1,100% to an all-time excessive of $0.731 on May 8, pushing it up the crypto market cap charts to the fourth spot.
Musk extolled the virtues of DOGE as a funds community in June, leading to one other spherical of FOMO for the memecoin.
DOGE has been falling from that epic pump since May, each towards Bitcoin and USD. But the entire extra mainstream media it’s got, along with main buying and selling platform listings, has nonetheless given the Shiba Inu-inspired joke coin a monumental acquire of three,800% to this point this yr. In BTC phrases, DOGE has gained 2,100% on the yr from 168 satoshis to three,696 sats in mid-December.
Starting place by market capitalization on Dec. 15: 26 — Final place: 11
Solana (SOL)
The native token for the enterprise blockchain Solana has additionally had a bumper yr by way of features. At the start of 2021, SOL was priced at simply $1.52, on the time of writing it was buying and selling for slightly over $150. This is an epic acquire of greater than 9,800% in lower than a yr.
SOL hit an all-time excessive of $260 in early November however has retreated as markets started correcting late within the yr. The huge transfer has given SOL a fifth spot available in the market cap charts after peaking at fourth. Against BTC, SOL has gained 6,473% over the yr.
Major investments and elevated adoption within the wake of surging transaction costs on Ethereum have pushed momentum for Solana, which has additionally been touted as an “Ethereum killer.” In June, Solana Labs raised $314 million by way of a non-public token sale led by Andreessen Horowitz and Polychain Capital.
Starting place: 112 — Final place: 5
Terra (LUNA)
The native token for decentralized monetary fee community Terra has additionally made it into the crypto prime ten briefly. LUNA started the yr buying and selling at round $0.65 and was largely unknown to mainstream retail merchants.
Prices have been lifted in March and May, however they didn’t actually take off till August when an enormous pump took LUNA to an all-time excessive of $77.73 on Dec. 5. At the time of writing, LUNA was buying and selling up a whopping 8,515% for the reason that starting of the yr. In satoshi phrases, LUNA has elevated up 5,815% this yr towards BTC.
The fast growth of companions on the Terra ecosystem has been largely liable for the bullish worth motion.
Starting place (CMC): 62 — Final place (CMC): 10
A number of others are additionally price a point out for making spectacular features this yr and so they embrace Avalanche’s AVAX up 2,330% on the yr, Polygon’s MATIC, which has surged greater than 12,000%, and Binance Coin (BNB) making 1,271% this yr.
Top 3 crypto losers in 2021
Internet Computer (ICP)
Amid a world of hype, Dfinity’s Internet Computer venture exploded onto the scene this yr after 5 years of largely secretive growth. It promised an web revolution changing the trillion-dollar legacy web and IT trade by permitting builders to put in their code straight on a “public internet” with out having to depend on third-party internet hosting corporations.
Speculators in a frenzy for the subsequent huge factor in crypto loaded up on ICP tokens after they have been listed on main exchanges in mid-May sending costs skyrocketing to a really fast all-time excessive of $700 on May 10.
Since then, ICP costs have just about collapsed sinking to an all-time low of $24.29 on Dec. 4, a painful 96% down from its peak simply 7 months prior. It has additionally misplaced 93% towards Bitcoin by way of satoshis.
Starting/Highest place: 8 — Final place: 37
EOS (EOS)
The as soon as darling of crypto that many touted would kill Ethereum has really performed little or no by way of worth actions this yr whereas these round it have surged.
EOS had already fallen out of the market cap prime ten on Jan. 1 and it continued to fall down the charts all yr. EOS costs have solely gained a paltry 15% over the yr when others have been in thre and 4 figures so we might take into account {that a} loser within the grand scheme of issues.
Block.one’s once-hyped token was buying and selling at $3.25 on the time of writing, having slumped to the fiftieth spot by market cap. It is at present 86% down from its April 2018 all-time excessive of $22.71 and has misplaced 22% towards BTC over the yr.
In early November, members of the EOS ecosystem voiced their dissatisfaction with the route the community was heading.
Starting place: 15 — Final place: 50
Monero (XMR)
The privacy-focused cryptocurrency Monero has additionally fallen closely down the market cap charts this yr as plenty of main exchanges delisted digital property that supply anonymity.
XMR costs have mustered simply 17% this yr and have come nowhere close to their January 2018 all-time excessive of $524. Currently buying and selling at round $183, XMR has slumped 66% from that peak leading to a fall to forty ninth within the coin cap tables. Monero has misplaced 30% towards Bitcoin for the reason that starting of the yr.
Starting place: 16 — Final place: 49
To put these features and losses into perspective, Bitcoin is up 67.5% year-to-date (YTD) yr whereas Ethereum gained 440%.
