Five coins that saw huge gains in 2021

The
year
2021
was
unprecedented
for
crypto,
with
Bitcoin
(BTC)
and
Ether
(ETH)
gaining
60.58%
and
408.5%
throughout
the
year,
respectively.
For
the
latter,
the
explosion
of
decentralized
finance
(DeFi),
nonfungible
tokens
(NFTs),
decentralized
applications
(DApps)
and
decentralized
exchanges
(DEXs)
built
on
its
blockchain
created
a
whole
new
digital
currency
cyberspace
encompassing
all
corners
of
the
world.

But,
the
year
was
also
an
auspicious
one
for
altcoins,
whose
performance
far
outweighed
that
of
BTC
and
ETH
during
the
same
time
period.
So,
without
further
ado,
let’s
look
at
five
cryptocurrencies
that
went
from
zero
to
hero
in
2021.

1.
Shiba
Inu 

Of
course,
at
the
top
place
is
the
iconic
meme
token
Shiba
Inu
(SHIB).
Originally
created
as
a
joke
and
as
a
spin-off
from
Dogecoin
(DOGE)
in
August
2020,
SHIB
holders
recognized
a
mouth-watering
gain
of
29,513,624.1%
from
start
to
finish
in
2021.
But
the
network
has
evolved
far
outside
of
meme
status.
There
is
now
a
ShibaSwap
DEX
with
close
to
$324.5
million
in
total
value
locked
(TVL)
at
the
time
of
publication,
with
two
other
native
tokens
and
support
for
NFT
drops.

Then
again,
the
memes
have
also
been
flying
high
this
entire
time.
Last
October,
CEO
of
AMC
Entertainment
Adam
Aron
organized
a
Twitter
poll
asking
if
the
well-known
movie
theatre
chain
should
accept

SHIB
tokens
as
payment
for
movie
tickets
.
The
poll
garnered
153,100
votes,
with
81.4%
of
users
in
favor.

And,
loyal
to
the
cause,
soldiers
of
the
“Shiba
Army”
have
proven
themselves
to
be
ardent
defenders
of
the
token
when
faced
against
enemies
of
their
blockchain.
The
past
December,
Canadian
medical
Q&A
platform
Ask
the
Doctor,
a
former
SHIB
influencer,

went
AWOL
and
decided
to
file
a
lawsuit

against
Shytoshi
Kusama,
the
volunteer
project
lead
for
SHIB,
alleging
libel.
Not
only
did
Kusama
fire
back
(with
Tweets),
but
the
Shiba
Army
launched
an
all-out
attack
on
the
entire
(cyber)
front.
Within
hours,
Ask
the
Doctor
had
lost
close
to
10,000
out
of
58,000
followers
on
Twitter
while
its
TrustPilot
page
was

flooded

with
hundreds,
if
not
thousands,
of
one-star
reviews
before
the
platform‘s
curators
began
removing
them.

2.
Solana

Coming
in
with
a
gain
of
11,120%
in
2021,
Solana
(SOL)
managed
to
live
up
to
its
endearing
nickname
of
“Ethereum
Killer,”
processing
1,847
transactions
per
second
and
with
an
average
cost
per
transaction
of
less
than
one
penny
at
the
time
of
publication.
Meanwhile,
the
Ethereum
network
can
only
process
15
transactions
per
second,
with
gas
prices
of
$133.17
per
smart
contract
execution.

Due
to
its
high
efficiency,
the
blockchain
has
attracted
the
attention
of
many
developers
from

FTX-backed
game
studios
 and
the

most
successful
NFT
project
originated
from
Asia

to
privacy-enhanced
browser
Brave
which
has
over

42
million
users
.
In
December,
Twitch
co-founder
Justin
Kan
launched
a
new
blockchain
gaming-focused
NFT
marketplace,
Fractal,
on
the
Solana
network
and
has

amassed
over
110,000
members
.

3.
Dogecoin 

It‘s
not
often
that
sequels

being
SHIB

out
perform
the
original
release,
but
DOGE
is
nevertheless
still
a
solid
meme
token
story.
Finishing
the
year
off
with
a
gain
of
2,910%,
DOGE
attracted
the
attention
of
celebrities,
influencers,
investors
and
blockchain
enthusiasts
alike.
But,
let‘s
face
it,
most
were
probably
in
it
for
the
money
(and
jokes)
rather
than
the
technology.

One
of
the
greatest
evangelists
of
DOGE
is,
of
course,
Elon
Musk.
Colloquially
known
as
the
“Dogefather,”
Musk
has
repeatedly
shilled
the
meme
coin
to
his
68.9
million
followers
and
has
even
confirmed
that
Tesla
will

accept
DOGE

for
merchandise
payments.
In
a
Time
Magazine

interview
,
Musk
said,
“Bitcoin
is
not
a
good
substitute
for
transactional
currency.
Even
though
it
was
created
as
a
silly
joke,
Dogecoin
is
better
suited
for
transactions.
The
total
transaction
flow
that
you
do
with
Dogecoin,
like
transactions
per
day,
has
much
higher
potential
than
Bitcoin.”

What’s
more,
Mark
Cuban,
the
billionaire
owner
of
the
Dallas
Mavericks,
has
started
a

cashback
rewards
program

to
incentivize
merchandise
and
ticket
payments
via
DOGE.

According

to
CryptWerk,
1,983
merchants
worldwide
now
accept
DOGE
as
payments,
up
from
1,206
at
the
beginning
of
2021.

4.
Binance
Coin 

Finishing
off
2021
with
a
gain
of
1,271%
is
Binance
Coin
(BNB).
Previously
only
used
as
a
discount
for
trading
fees
on
Binance,
the
largest
centralized
crypto
exchange
in
the
world,
BNB
has
evolved
to
become
a
leader
in
the
DeFi
ecosystem
and
is
ERC-20
compatible.
Since
its
launch
in
2020,
Binance
Smart
Chain
(BEP-20)
has
surpassed

1.5
billion
in
lifetime
transactions

with
a
TVL
of
$16.61
billion.
32.98%
of
the
TVL
comes
from
DEX
and
gaming/NFT
platform
PancakeSwap,
where
3,759
coins
are
available
for
trading
for
a
total
transaction
volume
of
$760.2
million
in
the
past
24
hours.

BNB
is
used
to
pay
for
gas
fees
on
both
the
Binance
Chain
along
BEP-20
and
is
interchangeable.
Binance
devotes
a
portion
of
its
profits
to
buying
back
BNB
for
permanent
removal
every
quarter.
During
the
17th
quarterly
burn
that
took
place
in
October,
$639.5
million
worth
of
BNB
was
burned.

5.
Cardano

According
to
a
recent
report
by
CryptoRanks
and
Santiment,
Cardano
(ADA)
was
the
most
developed
blockchain
in
2021.
Over

140,000
GitHub
events

involving
Cardano
were
reported
throughout
the
year,
besting
Kusama
and
Polkadot‘s
close
second
and
third
place.
Last
September,
Cardano

underwent
its
signature
Alonzo
Fork
,
enabling
smart-contract
functionality
on
its
proof-of-stake
(PoS)
network.

Shortly
afterward,
the
number
of
ADA
wallets
surpassed
the
2
million
mark.
At
the
same
time,
its
founder,
Charles
Hoskinson,
updated
enthusiasts
on
the

status
of
the
Hydra
upgrade

that
could
theoretically
enable
the
network
to
process
hundreds
of
transactions
per
second.
In
early
January,
Hoskinson
announced
plans
to
transition
Cardano
into
a
permanent

open-source
project

gradually.
ADA
finished
the
year
with
a
gain
of
673.8%.

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