【checkpoints in fontana】Shiba Inu and 9 More of the Biggest Hits in Crypto for 2021
baona / iStock.com
Stanislav Palamar / Getty Images
Bitcoin
Bitcoin was the first cryptocurrency and it remains both the largest and the most well-known. In fact,checkpoints in fontana to the general public, Bitcoin is the standard bearer for all cryptocurrency, with many assuming that how Bitcoin trades is reflective of the cryptocurrency market as a whole. While this is true to some degree, it's also true that many of the thousands of other cryptos dance to their own beat.
In 2021, one of the many headlines surrounding Bitcoin was the news that El Salvador would be the first country to accept Bitcoin as legal tender, perhaps paving the way for other countries to do the same. The price of Bitcoin has continued to soar, part of the reason it continually garners headlines. As of Nov. 26, the industry-leading crypto is up about 87% since January 2021. Over the past year, Bitcoin has risen by 218%.
Do You Know?
Where Does Cryptocurrency Come From?
gopixa / Getty Images
Ethereum
Ethereum has long played second fiddle to Bitcoin, but it's on a trajectory to unseat Bitcoin as the most valuable crypto in terms of market cap. Currently, Ethereum's market cap of about $500 billion is about half that of Bitcoin's $1 trillion, but it has posted gains of 733% over the past year, more than tripling the gains made by Bitcoin. The crypto's market share has already jumped to 20% of the market, from 8.5%, while Bitcoin's has dropped from 67% to about 45%.
Beyond Bitcoin:
Looking at Some Crypto Financial Jargon
Adrian Black / Getty Images
Dogecoin
Dogecoin has been the subject of countless news articles over the past year or so, partially due to its creation story. Dogecoin was literally created as a joke, a spoof on the crypto crazy in which investors would bid up even worthless coins. But Dogecoin has proven that even the most illusory cryptos can become real, as it now sits as the 10th-largest cryptocurrency in terms of market capitalization, at a whopping $30 billion valuation. In May 2021, Dogecoin had a market cap as high as $88 billion.
Find Out:
What Is Chainlink and Why Is It Important in the World of Cryptocurrency?
salarko / Getty Images
Shiba Inu
Shiba Inu is another coin fashioned in the whimsical manner of Dogecoin, but it does carry slightly more heft.
Shiba Inu
is built on the Ethereum ecosystem, and thus enjoys the security and advanced features of that platform. Overall, the crypto is still a bit of an experiment, as it is more of a community- and supporter-driven crypto than a functional token in a structured environment. However, that hasn't stopped the crypto from reaching $22 billion in market cap and posting a ridiculous one-year gain of 59,146,060%, even though it only trades at a minuscule $0.00003990 per coin, as of late November.
Story continues
Find Out:
Why Some Money Experts Believe In Bitcoin and Others Don't
Rick_Jo / iStock.com
Cardano
Cardano skyrocketed in popularity in 2021 as it was one of the first cryptos to embrace proof-of-stake validation. In plain English, this means that Cardano is able to greatly reduce transaction time and energy usage, two of the problems that continue to dog Bitcoin. It also borrows a playbook from the Ethereum network via its decentralized applications and enabling of smart contracts. Investors have flocked to the coin in 2021, which is up over 1,000% over the past year in spite of a recent selloff.
Read:
How To Invest In Cryptocurrency: What You Should Know Before Investing
Chinnapong / Getty Images
Solana
Solana is another crypto that has flown somewhat under the radar of the general public but has provided astronomical returns for those who have owned it. Solana blends both proof-of-stake and proof-of-history mechanisms, which has attracted a lot of interest from investors. Solana now has a market cap of over $60 billion after sprinting to a 10,500% gain over the past year.
Binance Coin (BNB):
Why It's So Interesting to the Cryptocurrency World
Rick_Jo / iStock.com
XRP
XRP works on the Ripple digital payment processing network, where it can be used to facilitate exchanges among both digital and fiat currencies. As a crypto with a defined utility, investors have slowly and steadily piled into XRP, giving it a market cap of about $45 billion. In crypto terms, XRP has risen modestly over the past year, up 70%.
See:
Is Crypto a Sinking Ship? Money Experts Weigh In
D-Keine / iStock.com
Crypto.com
Crypto.com bills itself as the world's fastest-growing crypto app, boasting over 10 million users and offering the ability to buy or sell over 200 cryptocurrencies at true cost. While that level of achievement might make news on its own, the biggest hit of 2021 for the company was its announcement that it had bought the naming rights for the former Staples Center in Los Angeles, home of sports teams like the Los Angeles Lakers. The name change of the storied venue to the Crypto.com Arena will officially take place as of Christmas Day 2021. Crypto.com paid an incredible $700 million for the naming rights to the arena, showing the immense amount of money being generated in the cryptocurrency space.
Take a Look:
The 10 Wildest Things Selling as NFTs
NanoStockk / Getty Images
ProShares Bitcoin Strategy ETF
One of the biggest crypto headlines of 2021 was the much-anticipated arrival to market of an exchange-traded fund devoted to buying Bitcoin futures. The ProShares Bitcoin Strategy ETF has already proven to be one of the most successful ETF launches in history, raising $1.26 billion in assets in its first month. Bitcoin has been down in the month since the ETF officially launched, but it's easy to imagine the ETF gaining even more popularity if Bitcoin turns around and begins setting new highs again.
$120K Bananas and $69M Digital Collages:
Strange and Expensive Art Sales
Chinnapong / Getty Images
Gitcoin
Investors looking for "the next big thing" in crypto have been piling into Gitcoin in late November 2021. This Ethereum token uses quadratic funding and other inventive means to fund and coordinate open-source development, according to Coinbase. The crypto still has a tiny market cap of about $300 million, even after shooting up 54% in a day, 167% in a week and 590% over the past year, as of Nov. 27, 2021.
More From GOBankingRates
The 5 Fastest Ways To Become Rich, According To Experts
Social Security Schedule: When You'll Receive Payments For The Remainder of 2021
How To Add $500 to Your Wallet Just in Time for the Holidays
Should You Refinance Now With the Low Mortgage Rates?
This article originally appeared on
GOBankingRates.com
:
Shiba Inu and 9 More of the Biggest Hits in Crypto for 2021
View comments
(责任编辑:Knowledge)
- Estimating The Intrinsic Value Of The Hain Celestial Group, Inc. (NASDAQ:HAIN)
- TAL EDUCATION INVESTOR ALERT: National Litigation Firm Labaton Sucharow Announces Investigation of TAL Education Group (TAL) and Strongly Encourages Stock, Options, Derivative Investors with Losses to Contact the Firm
- Tokyo Stock Exchange Halts Trading For Entire Day Over Technical Glitches
- Worldwide Artificial Intelligence in Energy Industry to 2024 - Key Drivers, Challenges and Trends
- Unum (UNM) Q1 Earnings and Revenues Lag Estimates
- Snapchat Ousts Trump’s Account From Discover Section
- The Global Virtualization in Industrial Automation Market is expected to grow by $ 216.39 mn during 2020-2024 progressing at a CAGR of 4% during the forecast period
- Some J.Crew customer accounts hacked last year, company says
- Looking for a Growth Stock? 3 Reasons Why Lumentum (LITE) is a Solid Choice
- U.S. telehealth companies brace for demand spike as coronavirus spread accelerates
- TAL EDUCATION INVESTOR ALERT: National Litigation Firm Labaton Sucharow Announces Investigation of TAL Education Group (TAL) and Strongly Encourages Stock, Options, Derivative Investors with Losses to Contact the Firm
- JPMorgan (JPM) Plans for 20% Rise in 2020-end Trading Bonus
- Ex-Tesla employee agrees to pay $400K over claims he stole trade secrets
-
Pfizer-BioNTech seeks full marketing approval from UK for COVID-19 vaccine
LONDON (Reuters) - Pfizer is seeking full marketing authorisation from Britain for its COVID-19 vacc ...[详细] -
Has Canadian Pacific Railway (CP) Outpaced Other Transportation Stocks This Year?
Investors interested in Transportation stocks should always be looking to find the best-performing c ...[详细] -
Asian Stocks Plummet Amid Oil Price War
By Alex HoInvesting.com - Asian stock markets traded sharply lower on Monday morning as oil prices s ...[详细] -
CME Group (CME) Reports Soft May Volumes, Shares Decline
CME Group Inc. CME reported unimpressive average daily volume (ADV) for May 2020. Average daily volu ...[详细] -
Fiat Chrysler postpones shareholders' meeting and resolution on dividend to late June
MILAN, April 3 (Reuters) - Fiat Chrysler said on Friday it decided to postpone to late June its shar ...[详细] -
U.S. Should Cut the Swiss Some Slack on Currency Manipulation
(Bloomberg Opinion) -- The Swiss have come clean. There is no use denying that the Swiss National Ba ...[详细] -
NEW YORK, June 01, 2020 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of inves ...[详细]
-
EU open to compensating firms hit by coronavirus, more help for Italy
BRUSSELS, March 10 (Reuters) - The European Commission is ready to consider compensation measures fo ...[详细] -
Is Innovative Industrial Properties (IIPR) Stock Outpacing Its Finance Peers This Year?
The Finance group has plenty of great stocks, but investors should always be looking for companies t ...[详细] -
NEW YORK, NY / ACCESSWIRE / January 2, 2021 /Halper Sadeh LLP, a global investor rights law firm, an ...[详细]
Insights on the Surgical Sealant/Tissue Patch Global Market to 2025 - Key Drivers and Restraints
George Floyd protests recall earlier tensions, promises of economic change
- Some Atlas (NYSE:ATCO) Shareholders Are Down 47%
- Transformative Mega Trends Reshaping the Indian ICT Landscape
- Growth Stocks To See 'Nirvana' With Blue White House, Divided Congress, Cramer Says
- To the millions of parents who didn’t choose to homeschool: This is a unique opportunity
- The Global Virtualization in Industrial Automation Market is expected to grow by $ 216.39 mn during 2020-2024 progressing at a CAGR of 4% during the forecast period
- Castlebar Capital Corp. Announces Termination of LOI Respecting Qualifying Transaction
- CME Group (CME) Reports Soft May Volumes, Shares Decline