The best performing cryptocurrency in 2021

Although cryptocurrency was considered ineffective by skeptics, 2021 proved to be a great year. This, despite the global economic instability and an epidemic that does not seem to be over. Crypto investors have been making a lot of money for the last two years. Imagine a return of 400% or more and increased acceptance by mainstream investors.

In 2021, the beneficiaries were Alt Coin, Mem Currency and NFT. Dogecoins and Shiba Inu – meme coins – have taken the market by storm as business tycoons like Elon Musk have offered to approve them. 2021 has proven to be a remarkable year for the cryptocurrency industry.

Dogecoin
Photo Credit: Rudolph Clinton / Pixel

Want to know more about Top Performance Currency in 2021? Here is a list.

Top 2021 cryptocurrencies

1. Polygon

At the top of the list, Polygon (MATIC) has performed well for many reasons. With a starting price of .2 cents USD, it rose to $ 2 and remained stable until the end of December 2021. This led to problems such as overuse of Ethereum and its blockchain and adding extra layers. This level is measurable, and increases based on user activity. It works well with the ETH blockchain to provide a seamless experience. Its profit is 11,00% and above and its market cap is $ 14 billion.

2. Terra

At its core, Terra (LUNA) offers a way to create stablecoins that have a real asset base. There are stable coins for every world currency – USD, Euro, Korean Won and others. The idea is to make cryptocurrencies easier to accept and use on a larger scale. Several e-commerce companies support this approach, and price stability is achieved by trading its tokens with Stablecoin. Market capitalization 23 billion.

3. Solana

Solana (SOL) is a crypto that has retained its value over time. Its value quadrupled in August 2021 and stabilized in November after some volatility. It resembles snow and gives Etherium stiff competition. Solana’s transactions use a PoS platform and low fees and fast transactions. However, everyone uses the smart contract platform and allows them to create applications on their network. Solana uses a different method. IT uses PoS and PoH (proof-of-history), which offer a timestamp for each transaction.

4. Dogecoin

Dogecoin (DOGE) – the infamous meme coin – is building up a lot of confidence among investors in the market as Tesla’s potential. Thanks to Elon Musk’s tweet about buying cars with dogecoins, this coin has also gained market attraction and trust. Its profit in 2021 is 2819% and 22 billion market cap.

5. Snowfall

Avalanche (AVAX) claims that it is similar to Ethereum but much faster. Its makers say it is measurable, decentralized and secure. This is the main reason for its widespread acceptance. Developed by Deloitte and Ava Labs, Snowfall is used by local and state governments. The Consensus Protocol examines the transactions and spreads of the three blockchains.

AVAX currency

6. Shiva Inu

SHIB has skyrocketed in popularity for its meme and ease of use. Made in Ethereum’s blockchain, this native and decentralized exchange offers governance including token swaps, bone tokens and stacking. Its NFTs are called Shiboshis and are in high demand Its market cap is $ 17 billion.

7. BNB

Binance has the largest and most fluid exchange. It offers a wide range of uses such as payment of transaction fees, financial services, stock investing, ETFs and travel arrangements. Binance’s own cryptocurrency – BNB – grew steadily in 2021 and peaked in April 2021. The market cap stands at $ 86 billion

8. Cardano

Cardano (ADA) is another platform similar to Ethereum and uses the Proof of Stack model. It saw the highest growth in August 2021. Its price has dropped by half and its market cap is $ 40 billion.

9. Etherium

Created as an alternative to Bitcoin and offered price and usability, Etherium (ETH) had a large share of the cryptomarket. With the increasing adoption of NFT and other cryptocurrencies, Etherium has lost market share and lost value. It is expected in the digital currency market and ETH has a market share of $ 441 billion.

Etherium (ETH)
Photo Credit: Peter Patel / Pixabe

Conclusion

It is safe to say that cryptocurrencies are here to stay, and central banks in many countries are looking for ways to offer their citizens a safer version. In 2022, cryptocurrencies will continue to pave the way for global financial systems.

So, which will perform best for 2022? Only time will tell; For now, those 10 cryptocurrencies will continue to drive the crypto market.

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