February 14, 2022
Let’s take notes on the top 10 that gave the highest returns in cryptocurrencies in 2021 and invest in them in 2022
The year 2021 has been all about cryptocurrency and blockchain. Across India, around 20 million people have become crypto investors in 2021. Cryptocurrencies are even now part of the lexicon of Indian investors. Investors invest in the expectation of obtaining good returns. But among the various asset classes available today, cryptocurrencies, which have a market capitalization of around US$1.86 trillion, have emerged as one of the fastest growing and most volatile in 2021. Here is a overview of the top 10 cryptocurrencies that gave the highest returns to crypto investors in 2021. Let’s take notes from the previous year and use them to generate good income in 2022.
Bitcoin was the first cryptocurrency and still remains the most important. It started the year at a low of US$28,803 on January 1 and peaked at US$46,489.29 on December 17. Its annual return of nearly 60% is almost triple that of the S&P 500 index in 2021. It is one of the top cryptocurrencies that has yielded the highest returns for crypto investors in 2021.
The second largest cryptocurrency by market capitalization, Ethereum, is another top cryptocurrency that gave the highest returns to crypto investors in 2021. It was launched in 2013 as a compatible blockchain network with smart contracts which can be used to host decentralized applications and platforms. Ethereum has gained around 430.15% in 2021. The coin started the year at US$731.64 and broke through US$3,878.77 in mid-December.
Solana is a highly functional open-source project that leverages the permissionless nature of blockchain technology to provide decentralized finance (DeFi) solutions. Solana has gained over 10,000% in 2021. The coin started the year at US$1.52 and broke through the US$172 mark in December.
Dogecoin started out as a joke, but got a lot of publicity thanks to tweets from Tesla CEO Elon Musk, who once cheekily dubbed himself “The Dogefather.” Developed by Billy Markus and Jackson Palmer, both software programmers, Dogecoin was the very first meme coin developed to poke fun at the volatility of the Bitcoin network. The coin started the year at US$0.0049 and broke through US$0.17 in mid-December. It is one of the best cryptocurrencies that has given the highest returns to crypto investors in 2021.
The self-proclaimed “Dogecoin Killer” recorded incredible gains in 2021 – a price increase of 43 million percent from January to December. It was sitting at a price of 0.000000000077 USD at the start of the year. Few crypto investors were then interested in the coin. At the end of December, Shiba was trading at 0.00003407 USD. With many future potentials, it is one of the best cryptocurrencies that has given the highest returns to crypto investors in 2021.
Terra is a blockchain protocol that uses fiat-pegged stablecoins to power price-stable global payment systems. Terra made an impressive 13,790% gains in 2021. Starting the year at US$0.65, and by the end of December it had broken through US$100, hitting an all-time high of US$103.33, before to stabilize at US$85.49.
Avalanche is another competitor to Ethereum, but is relatively new to the sign, launching in 2020. Avalanche was created to execute transactions faster and more energy-efficiently than Ethereum, running on a proof-of-mind platform. participation. Avalanche started 2021 with US$3.58 and ended the year with US$110.43, making gains of 2,984.64%. It is one of the best cryptocurrencies that gave the highest returns in 2021.
Polkadot is one of the most popular cryptocurrencies, given its scalability and interoperability. Polkadot has gained traction in 2021 as a competitor to Ethereum, which some say is too expensive for developers. It started the year at $8.7977 on January 1 and peaked at $24.75 on December 17. It is one of the best cryptocurrencies that has given the highest returns to crypto investors in 2021.
Cardano is a proof-of-stake blockchain platform that says its goal is to empower “changemakers, innovators, and visionaries” to cause positive global change. The Cardano network has recently integrated smart contract capabilities onto its network and is one of the potential “Ethereum Killers” on the scene. Cardano gained around 577.78% in 2021 and became one of the top cryptocurrencies that gave the highest returns in 2021.
Binance Coin is currently the fourth largest cryptocurrency by market cap. BNB is the native coin of Binance, which is the largest cryptocurrency exchange in the world. The token powers the Binance ecosystem and has several applications and benefits, such as it can be used to benefit from reduced fees on the trading platform. It started the year at $37.47 on January 1 and peaked at $528.17 on December 17. It is one of the best cryptocurrencies that has given the highest returns to crypto investors in 2021.
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