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The main winners and losers of digital currencies in 2021

<21> 2021 has undoubtedly been a bullish market for cryptocurrencies, and the king of bitcoin digital currencies (BTC) has set a new price ceiling several times this year. Has done. But in this bullish market, there were cryptocurrencies that did not work well and caused their holders to suffer losses. In this article, we will look at the performance of both groups.

Since the beginning of 2021, the total market value of cryptocurrencies has increased 190 percent, from less than $ 800 million to more than $ 2.3 trillion. The figure peaked at more than $ 3 trillion in early November.

3 High-yielding cryptocurrencies in 2021

Early January 2021 List of top ten cryptocurrencies in terms of market value , Looked a little different from what we are seeing now, because it had a list of Lightcoin (LTC), Chinlink (LINK) and BitcoinCash (BCH) that performed well. But by the end of the year, these cryptocurrencies have given way to Solana (SOL), USDC, and Avalanche (AVAX). Ilan Mask has played a major role in Dodgequin pumps. On New Year's Day, the Dodge Quinn was priced at just $ 0.004 and was largely ignored by most digital currency traders. Nevertheless, Dodgequin made its first small leap in February 2021, following Ilan Mask's first tweet. It reached $ 0.731, bringing it to fourth place in the digital currency market value charts. Mask praised Dodge Quinn as a payment network in June, creating another round of FOMO (meaning Fear of Loss) for this lovely memequin. It is true that Dojquin has been a long way from its historic pump since May, but given the support of its loyal fans and being listed in reputable exchanges, it has performed very well this year, experiencing a 2100% increase.> BingMag.com The <b>main</b> <b>winners</b> and <b>losers</b> of <b>digital</b> <b>currencies</b> in 2021

Price chart DOGEUSD YTD Starting position: 26 current positions 11

Solana (SOL)

Solana is a web-based blockchain that provides high speed, security, and scalability for decentralized financial services (DeFi) applications. Solana's native blockchain token has also been proud of its annual profit. At the beginning of 2021, SOL was priced at just $ 1.52, but now, at the time of writing, it is trading at just over $ 150. This is a historic increase of more than 9800% in less than a year.

SOL peaked at $ 260 in early November, but retreated as markets began to recover later in the year. SOL is currently ranked fifth in the market value table.

Large investments in the network and increased acceptance of the blockchain following the increase in transaction fees in Atrium, Solana, which is also known as the "Atrium killer" It is remembered that it has hit the tongues. In June, Solana Labs, led by Anderson Horowitz and invested by a Chinese company, raised $ 314 million through its own token sales.

BingMag.com The <b>main</b> <b>winners</b> and <b>losers</b> of <b>digital</b> <b>currencies</b> in 2021

Chart SOL/USD YTD Starting position: 112 Current position: 5

Tra (LUNA)

Terra decentralized payment network native tokens have also reached the top 10 cryptocurrencies in a short time. LUNA started trading earlier this year at around $ 0.65 and was largely unknown to small traders at the time. Prices rose in March and May, pushing a massive LUNA pump to a high of $ 77.73 on December 5.

Since the beginning of this year, LUNA has seen a 5815% increase over Bitcoin. . One of the reasons for Luna's price increase is the rapid expansion of economic partners in the Terra ecosystem.

BingMag.com The <b>main</b> <b>winners</b> and <b>losers</b> of <b>digital</b> <b>currencies</b> in 2021

LUNA/USD YTD Price Chart Starting Position: 62 Current Positions: 10

Other popular tokens in this bullish rally include Avalanche's AVAX with 2330 percent, Polygon's MATIC token with an increase of more than 12,000 percent and Binance Coin (BNB) with 1271 percent growth this year.

3 currency codes with the worst return in 2021

Internet of Things (ICP)

The Definite Internet of Things project, after 5 years of covert development, finally made a big splash this year. From the beginning, the project promised an Internet revolution that would replace the trillion-dollar Internet and the current IT industry. Definiti's goal is to completely change the structure of the Internet we are familiar with today and create an Internet that everyone can access. Of course, it must be borne in mind that the realization of these goals in the long run is possible. According to the White Paper, it takes about 20 years to achieve these goals.

When ICP tokens were listed in large exchanges in mid-May, speculators with their high publicity campaigns They pushed prices to the highest level in the history of this token, ie $ 700. But since then, the ICP has practically fallen to its all-time low of $ 24.29 on December 4, down 96 percent from a seven-month high.

BingMag.com The <b>main</b> <b>winners</b> and <b>losers</b> of <b>digital</b> <b>currencies</b> in 2021

ICP/USD YTD Price Chart Starting Position: 8 Current Positions: 37


One of the most popular digital currencies that many believed would break the Atrium, this year has seen a lot of price changes. It has acted poorly. EOS had already dropped out of the top ten cryptocurrencies on January 1 and went downhill all year. While other market cryptocurrencies experienced three- and four-digit increases, EOS prices rose only 15 percent during the year. The Block.one token, which used to be very popular, was trading at $ 3.25 at the time of writing and has dropped to 50th in terms of market value. The cryptocurrency is currently down 86 percent from its highest price cap in April 2018 of $ 22.71, and has fallen 22 percent against BTC during the year. It is interesting to note that in early November, members of the EOS ecosystem expressed dissatisfaction with the direction the network was moving.

BingMag.com The <b>main</b> <b>winners</b> and <b>losers</b> of <b>digital</b> <b>currencies</b> in 2021

EOS/USD YTD Price Chart Starting Position: 15 Current Position: 50

Monroe (XMR)

Monero-focused digital currency has also fallen sharply in market value charts this year, largely due to its removal from the list of major exchanges due to its insistence on anonymity.

XMR year-on-year The current one has only increased 177% and has not even come close to its highest price recorded in January 2018, ie $ 524, and currently this token is trading at around $ 183. The XMR has fallen 666 percent from its peak, dropping to 49th in the Market Cup. Monroe has also fallen 30 percent against bitcoin since the beginning of the year.

BingMag.com The <b>main</b> <b>winners</b> and <b>losers</b> of <b>digital</b> <b>currencies</b> in 2021

XMR/USD YTD Price Chart Starting Position: 16 Current Position: 49

And last but not least, the two most popular cryptocurrencies in the cryptocurrency market are Atrium and Bitcoin. 440% and 67.5%, respectively, compared to last year (YTD) have experienced price increases.

Source: Coin Telegraph

Tags: main, winners, losers, digital, currencies, 2021

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