Cryptocurrency’s total market value increased 187.5 percent in 2021, with several top coins delivering four and five-figure returns on their investments. non-fungible tokens boosted crypto trading platform traffic as decentralized financial systems expanded their functionality. Millennials and Gen Z generations embraced the crypto and NFT craze, and the demand for them soared in 2021 as a result. It was no surprise that the Micro Bitcoin Futures offered by CME Group Inc. Cardify dubbed 2021 the “Year of Crypto.” Cryptocurrency was found to be the preferred investment vehicle for investors in 2021, according to a survey. No matter how bad things get for cryptocurrencies in 2022, their performance in 2021 can’t be ignored!
Insider Monkey selected the prominent cryptocurrencies that had the highest gains in 2021. In 2021, the platform’s native cryptocurrency, Ether, grew by 404.21 percent. There were approximately 117.5 million ETH coins in circulation as of September 2021. In the first half of 2022, Ether’s proof-of-stake model will be launched. Cardano was one of the Big Three cryptocurrencies when it was first introduced in 2017, along with Bitcoin and Ether. On the eve of Alonzo’s debut, ADA surged past the $3 mark, reaching an all-time high of $3.101. Since its launch in 2017, Binance Coin has become the world’s most popular cryptocurrency. There is an Israeli-licensed financial institution that allows debit and credit card purchases of cryptocurrencies through Binance, including Visa and Mastercard. At the time, Avalanche was valued at $31.5 billion, making it the tenth most valuable cryptocurrency in the world. In the year 2021, AVAX generated a return of 2885.51 percent. In the wake of Deloitte’s partnership with Avalanche, interest in the coin and its underlying technology was resurrected. In 2013, Billy Markus and Jackson Palmer launched Dogecoin, which was hailed as the first meme coin. 2021 saw DOGE return 2899.12 percent on average for meme coins, making them the best-performing cryptos at the time. For more details, click the 10 best performing cryptocurrencies of 2021.
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