Bitcoin on the rise however the true protagonist is DeFi – D1SoftballNews.com

Advertisements

The 2021 ranking of eToro crypto assets shows that the Bitcoin recorded a 223% increase of open positions compared to the previous year, thus becoming the crypto-asset on which users of eToro invest more, followed by Cardano, Ether and Dogecoin.

This is what emerges from the 2021 ranking of cryptocurrency positions held on the platform eToro.

Among the minor cryptos, TRON recorded the best performance, with an increase of 661% annually of open positions, while IOTA was up by 514% and Stellar by 468%. Dogecoin and Shiba, despite being “new” in the eToro platform, entered the top 10 of cryptocurrencies, occupying 4th and 7th place respectively.

“2021 was a momentous year for cryptocurrencies, with Bitcoin and Ether reaching all-time highs on more than one occasion. From El Salvador which adopted it as its national currency, upon the arrival of ETFs and institutional adoption, Bitcoin is now firmly rooted in the investment universe,” commented Simon Peters, eToro’s Crypto Market Analyst.

Strong interest in DeFi crypto, the metaverse explodes

Beyond the top 10, data shows that investors on the eToro platform have started buying newer crypto assets following the decentralized finance (DeFi) boom.

token like Decentraland (MANA), Solana (SOL) and Chainlink (LINK) they opened the year as a new entry on the platform, but they all finished in the top 20 of the ranking.

Trade now with
eToro Free Demo

* 68% of retail investor accounts lose money when trading CFDs with this provider. It is necessary to consider whether you can bear the high risk of losing the capital invested.

In the last quarter of 2021, MANA has skyrocketed in the rankings, becoming the 13th crypto-asset by open positions; a growth that testifies to the greater awareness of the technological importance of the metaverse, in particular with the recent rebranding of Facebook in Meta.

“Even though many projects were already underway, last year was really the time an increasing number of investors have chosen DeFiPeters continued.

“With decentralized projects offering the opportunity for token holders to have a say, now more than ever investors can voice their opinion in areas such as governance and remuneration mechanisms. With trends like the Web 3.0 and the metaverse which will only grow in 2022, we expect DeFi to strengthen itself by assimilating to mainstream technology”.


Share post on

Sonic BTC is reader-supported. When you buy through links on our site, we may earn an affiliate commission.

XLM Price Analysis: Bearish feeling yet to die down for Stellar – The Coin Republic Stellar

XLM Price Analysis: Bearish feeling yet to die down for Stellar – The Coin Republic

No result View All Result © Copyright 2022. The Coin Republic Are you sure...

By wpadminsonic164
Stellar (XLM) falls 0.06%, trailing crypto market on Monday – InvestorsObserver Stellar

Stellar (XLM) falls 0.06%, trailing crypto market on Monday – InvestorsObserver

Stellar (XLM) was relatively less volatile compared to the crypto market. So far, digital...

By wpadminsonic164
Baker Mayfield: Execs and Cons of the Browns Who Could Be Buying and selling the Controversial Star Quarterback Stellar

Baker Mayfield: Execs and Cons of the Browns Who Could Be Buying and selling the Controversial Star Quarterback

Item Highlights: The Cleveland Browns must weigh the pros and cons of trading Baker...

By wpadminsonic164
Avalanche, Stellar, AAVE Worth Evaluation: January 20 – AMBCrypto Information Stellar

Avalanche, Stellar, AAVE Worth Evaluation: January 20 – AMBCrypto Information

In line with the market sentiment, altcoins like Avalanche, Stellar, and AAVE showed a...

By wpadminsonic164
Heavenly Lumens, MATIC, and Tezos Price Analysis: 18 May – AMBCrypto News Stellar

Heavenly Lumens, MATIC, and Tezos Price Analysis: 18 May – AMBCrypto News

Bitcoin has traded between the $30.6k and the $28.8k for the better part of...

By wpadminsonic164
Bitfarms to Participate in Upcoming Investor Conferences – GlobeNewswire Stellar

Bitfarms to Participate in Upcoming Investor Conferences – GlobeNewswire

– HC Wainwright Global Investment Conference, May 23-26, Miami –– DA Davidson Bitcoin &...

By wpadminsonic164
13 bitcoin betting locales and club with the top rewards in 2022 – Business Insider Africa Stellar

13 bitcoin betting locales and club with the top rewards in 2022 – Business Insider Africa

There are numerous reasons why modern gamblers prioritize crypto resources for gambling. According to...

By wpadminsonic164
Prime 10 Essential Cryptocurrencies Different Than Bitcoin – Techstory Stellar

Prime 10 Essential Cryptocurrencies Different Than Bitcoin – Techstory

Bitcoin has not only set the norm for cryptocurrencies by ushering in a wave...

By wpadminsonic164

Latest Posts

Cardano Devs IOG Shared First Details of Third-Party Codebase Audit – U.Today Cardano

Cardano Devs IOG Shared First Details of Third-Party Codebase Audit – U.Today

Vladislav Sopov Input Output Global's peer-to-peer networking infrastructure underwent stress tests: engineers content Very...

By wpadminsonic164
5 Trillion Shiba Inu Selling | Luna Delisting | China & Bitcoin Videos

5 Trillion Shiba Inu Selling | Luna Delisting | China & Bitcoin

Hey Everyone Kaise hain aap Sab Telegram Channel - https://t.me/oyeeerahul1 Twitter - https://twitter.com/oyeee_rahul SIP...

By wpadminsonic164
Digital currency Prices Today May 19: Bitcoin drops, Ether stoops more than 4%; Polkadot greatest drag – Moneycontrol Polkadot

Digital currency Prices Today May 19: Bitcoin drops, Ether stoops more than 4%; Polkadot greatest drag – Moneycontrol

a,.special_wrapbx a{color:#333;font:400 11px Lato,sans-serif}.user_after_login a, .user_before_login a {color: #333333;font: 11px 'Lato',sans-serif;}.dropdown-menu{display:none;background-clip:border-box!important}.header_desktop .dropdown-menu>li{border-bottom:1px solid #e9e9e9}.header_desktop...

By wpadminsonic164
XLM Price Analysis: Bearish feeling yet to die down for Stellar – The Coin Republic Stellar

XLM Price Analysis: Bearish feeling yet to die down for Stellar – The Coin Republic

No result View All Result © Copyright 2022. The Coin Republic Are you sure...

By wpadminsonic164
Crypto Flipsider Information – Crypto.com Suspends Withdrawals, Loses $15M, Binance’s Thai Alternate, $792M in BNB Burned, EIP-1559 Dwell on Polygon, Spain and Singapore Crypto Advert Ban, Bulgaria and UK Prime Crypto Holding by DailyCoin – Investing.com Binance

Crypto Flipsider Information – Crypto.com Suspends Withdrawals, Loses $15M, Binance’s Thai Alternate, $792M in BNB Burned, EIP-1559 Dwell on Polygon, Spain and Singapore Crypto Advert Ban, Bulgaria and UK Prime Crypto Holding by DailyCoin – Investing.com

Crypto Flipsider News – Crypto.com Suspends Withdrawals, Loses $15M, Binance's Thai Exchange, $792M in...

By wpadminsonic164
Larry Ellison, Binance and Sequoia back Elon Musk’s $44bn Twitter offered – Financial Times Binance

Larry Ellison, Binance and Sequoia back Elon Musk’s $44bn Twitter offered – Financial Times

Elon Musk has raised $7.14bn of funding for his $44bn buyout of Twitter from...

By wpadminsonic164
New cryptocurrency race for the place of the Dogecoins – The 1000% positioned HUH token, the thetan enviornment and the magic token |  BTCMANAGER – BTCMANAGER Dogecoin

New cryptocurrency race for the place of the Dogecoins – The 1000% positioned HUH token, the thetan enviornment and the magic token | BTCMANAGER – BTCMANAGER

HUH token, Thetan Arena and Spell Token have proven to be hugely popular, although...

By wpadminsonic164
Cardano Whale Transactions Hit 4-Month High – The Coin Republic Cardano

Cardano Whale Transactions Hit 4-Month High – The Coin Republic

ADA Price at the time of writing – $0.5604It's market cap is down by...

By wpadminsonic164