Prime cryptocurrencies of 2021 – BanklessTimes

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The crypto market has seen huge bulls this year despite the pandemic and regulatory restrictions.

As of the end of 2021, the Bankless Times is looking at the top coins and how they got there.

Top coins in 2021

Bitcoin tops the list again with the introduction of the first Bitcoin Exchange Traded Funds (EFTs).

Ether retains its position as runner-up as the Ethereum blockchain network – home to most of the non-fungible tokens (NFTs) – continues to grow and develop. The coin is still lagging behind Bitcoin in value and market capitalization, but has grown faster this year as private and institutional investors flocked to it.

Binance Coin joins the big league due to Binance’s status as the world’s largest cryptocurrency exchange; Enable 1.4 million transactions per second. Once a token for discounted trades, it can now be used to pay transaction fees on Binance and pay for other services.

Solana is up more than 12,000% in value this year. As a network capable of processing more transactions per second with lower transaction fees than Ethereum, it quickly piqued investor interest despite its newbie status as a crypto coin.

Cardano’s success this year adds to the scalability of its proof-of-stake network, which is also considered more interoperable and sustainable than its proof-of-work predecessor. But with Ethereum ready for its own proof-of-stake launch, 2022 will be interesting.

Meme Coins – No more jokes

Meme coins had a moment this year as they continue to receive community support.

Dogecoin and Shiba Inu grew to become the 11th and 13th largest cryptocurrencies by market capitalization.

Other emerging stars are Dogelon Mars, Samoyed Coin, and MonaCoin. Analysts have pointed to Algorand, Stellar, Dogs of Elon, BitShiba Token, and Dogemoon as some of the meme coins to watch in 2022.

“2021 was the year meme coins officially went mainstream thanks to numerous tweets from the richest man in the world, Elon Musk, as well as a feature of Saturday Night Live – one of America’s most popular TV shows watched by millions of people.” , explains Khashayar Abbasi, Bankless Times employee and founder of the analytics newsletter Crypto With Kash.

“It remains to be seen what use cases can emerge from these projects – perhaps they will stay forever as meme coins with little or no use, as that has made them what they are today. This niche sector will evolve over time, and the next big thing may not even have hit the market yet. “

“As for the other big coins, the cryptocurrency market has gone through numerous bull and bear cycles, and many argue that we are now at the end of a bull market. It could be a few months before we see new highs again in 2022, ”adds Abbasi.


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