Saturday, October 1

In addition to Solana (SOL) and Terra (Luna): which cryptocurrencies most valued in 2021 | Bitcoin Portal

Cryptocurrencies started the year with a bullish cycle, plummeted in the second quarter, rose again in the third quarter, and are now at a stalemate towards this end of 2021.

The two main currencies in market value, Bitcoin (BTC) and Ether (ETH) reached record highs in 2021 and are ending the year up 67% and 450% respectively – except for a big drop towards the end of the year.

But at the top there is no room for high gains over a whole year. Bitcoin and ether weren’t the biggest winners in the cryptocurrency market this year.

To measure the highest performing assets, Decrypt analyzed data from CoinGecko and Yahoo Finance. Where possible, asset choices were limited to those that already existed at the beginning of the year.

Decrypt has made exceptions for companies that made their initial public offerings (or IPOs) this year, such as Coinbase, and some meme cryptocurrencies, as many that top CoinGecko’s rankings didn’t exist before 2021.

This list is not investment advice; Decrypt is not suggesting that readers buy these assets. However, its 2021 earnings are interesting.

Token DeFi: Lido Staked Ether (stETH)

How much did it go up?

In the Decentralized Finance (or DeFi) category of this list, market capitalization was used, as this metric helps to capture how many people own the token, as well as its price.

stETH’s market capitalization increased by 48.633%, up from $12.3 million in early January to $6 billion on January 15th.

What is it?

Seth is the Lido platform’s native 1:1 parity token for staking ether. Allows users to staking their ethers without technically blocking them.

Tokens are issued when users deposit their ethers and are burned when they are redeemed. Lido platform staking protocols are managed by Lido DAO.

runners-up

PancakeSwap (CAKE), which rose 5.730%; and Frax (FRAX), 2.495%.

Currency: Solana (SOL)

How much did it go up?

The price of SOL rose 9,588%, increasing from $1.84 in early January to $178.26 per SOL on December 15th.

What is it?

SOL is the native token of the Solana network. Can be used to pay transaction and staking fees. The Solana network itself uses a “proof of history” to validate transactions.

And the growth was not only in the price of the SOL, but also in the development of the Solana ecosystem, which is why it was chosen by Decrypt as Cryptocurrency of the Year.

runners-up

Terra (LUNA), whose price rose 9.391%; and dogecoin (DOGE), 3,179.54%.

Category content: Shiba Inu (SHIB)

How much did it go up?

The SHIB price rose 42,349,900% from $0.000000000008 in early January to $0.00003388 on December 15th.

What is it?

SHIB, an ERC-20 standard token developed on the Ethereum network, was founded in August 2020. It was created as a parody of DOGE, but has stormed past it to become the leading meme cryptocurrency throughout 2021.

As of December 21, its price was following that of dogecoin by a large margin, but whoever bought SHIB earlier in the year would be expecting an impressive yield.

runners-up

Dogecoin (DOGE), which rose 3,180%; and Dogelon Mars (ELON), 2,368%.

Crypto listed company: MicroStrategy (MSTR)

How much did it go up?

MSTR shares rose 41%, from $452.22 in early January to $589.59 a share on December 15th.

What is it?

MicroStrategy, the software and business intelligence company of Michael Saylor, a big bitcoin advocate, didn’t start out as a crypto company. You could even say that it’s still not a crypto company. But your action is an important part of promoting bitcoin.

The company’s treasury now holds 122,478 BTC, according to information released Dec. 16, and the company’s website has a section dedicated to bitcoin that uses it to share a corporate handbook on the world’s first cryptocurrency.

runners-up

Coinbase Global (COIN), whose shares fell 20%; and Block (SQ), 21%.

Listed company with exposure to crypto: Nvidia (NVDA)

How much did it go up?

The NVDA price rose 141%, up from $131.04 in early January to $304.59 a share on December 15th.

What is it?

Nvidia, founded in 1993 (during the dot-com bubble), is a multinational technology company.

The company manufactures specific graphics processing units (or GPUs) used by cryptocurrency miners such as the NVIDIA CMP HX.

Its NVIDIA GeForce RTX 2070, an older GPU, is also popular with miners. Despite the fact that its crypto lineup of GPUs has repeatedly fallen short of projections, the company’s stock still had a surprising year.

runners-up

Advanced Micro Devices (AMD), whose share rose 60%; and Tesla (TSLA), by 24%.

Listed crypto mining company: Marathon Digital Holdings (MARA)

How much did it go up?

The MARA share price rose 252%, from $11.01 in early January to $38.73 on December 15th.

What is it?

Marathon Digital is a bitcoin mining company based in Las Vegas and a second 3,320 exahashes per second (or EH/s) facility in Montana. The company was founded in 2010 as the parent company of Australian software maker Uniloc.

Until 2021, the company had not focused on bitcoin and had acquired numerous mining machines.

runners-up

Hut8 (HUT), whose shares rose 183%; and Bitfury (BITF), by 180%.

*Translated and edited by Daniela Pereira do Nascimento with permission from Decrypt.co.



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