High crypto winners and losers of 2021

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The year 2021 was undoubtedly a bull market, with Bitcoin (BTC) raising the all-time high price bar several times this year. But not all crypto assets performed the same. In terms of price gains, there were not only the majority of the winners but also a number of losers.

Since early 2021, total crypto market capitalization has grown 190% from just under $ 800 million to over $ 2.3 trillion today. It hit an all-time high of just over $ 3 trillion in early November.

Top 3 crypto winners in 2021

The crypto top ten in terms of market capitalization looked a little different on Jan 1, 2021 as they included Litecoin (LTC), Chainlink (LINK), and Bitcoin Cash (BCH). These have failed and at the end of the year gave way to Solana (SOL), USDC and Avalanche (AVAX).

Dogecoin (DOGE)

Dogecoin has skyrocketed this year, largely powered by Elon Musk’s clandestine social media posts. On New Years Day, DOGE was only $ 0.004 and was largely ignored by the majority of crypto traders. DOGE had its first small boost in February after the first in a series of subsequent Elon pumps.

DOGE prices really got off to a wild ride in April and May as they rose more than 1,100% to an all-time high of $ 0.731 on May 8, and climbed to fourth on the crypto market cap charts.

Musk boasted DOGE’s virtues as a payment network in June, leading to yet another round of FOMO for the memecoin.

DOGE has been falling off this epic pump since May, against both Bitcoin and USD. But all the extra mainstream media it has on top of the major trading platform listings has still brought the Shiba Inu-inspired joke coin a monumental 3,800% gain this year. In BTC terms, DOGE gained 2,100% over the year from 168 satoshis to 3,696 sats in mid-December.

DOGE / USD YTD – coingecko.com

Start position according to market capitalization on December 15: 26 – End position: 11

Solana (SOL)

The native token for the enterprise blockchain Solana also had a record year in terms of profits. In early 2021, SOL was only priced at $ 1.52, at the time of writing it was trading for just over $ 150. That’s an epic 9,800% gain in less than a year.

SOL hit an all-time high of $ 260 in early November but has declined as markets began to correct later in the year. The massive move has earned SOL a fifth place on the market cap charts after reaching fourth place. Compared to BTC, SOL gained 6.473% over the course of the year.

Large investments and increasing acceptance in the wake of the rising transaction prices at Ethereum have given Solana, which has also been touted as the “Ethereum killer”, going. In June, Solana Labs raised $ 314 million through a private token sale led by Andreessen Horowitz and Polychain Capital.

SOL / USD YTD – coingecko.com

Starting position: 112 – end position: 5

Earth moon)

The native token for the decentralized financial payment network Terra also made it into the crypto top ten for a short time. LUNA started the year trading at around $ 0.65 and was largely unknown to mainstream retailers.

Prices hiked in March and May, but didn’t really take off until August when a massive pump hit LUNA to an all-time high of $ 77.73 on December 5th. At the time of writing, LUNA was trading a whopping 8,515% year-to-date. In Satoshi terms, LUNA is up 5,815% versus BTC this year.

The rapid expansion of the partners in the Terra ecosystem was largely responsible for the bullish price action.

LUNA / USD YTD – coingecko.com

Starting position (CMC): 62 – End position (CMC): 10

A few others are also worth noting for having posted impressive gains this year, including Avalanche AVAX, up 2,330% year-over-year, Polygons MATIC, which is up more than 12,000%, and Binance Coin (BNB), which is up of 1,271% this year.

Top 3 crypto losers in 2021

Internet computer (ICP)

In the midst of a world of hype, Dfinity’s Internet computer project exploded this year after 5 years of largely secret development. It promised an Internet revolution that would replace the trillion-dollar legacy Internet and IT industries by allowing developers to install their code directly on a “public Internet” without relying on third-party hosting companies to have to.

Speculators, loaded on ICP tokens in a frenzy for the next big thing in crypto, when they were listed on major exchanges in mid-May, rocketed prices very quickly to an all-time high of $ 700 on May 10th fast.

Since then, ICP prices have virtually collapsed, falling to an all-time low of $ 24.29 on December 4th, a painful 96% less than their high 7 months ago. It has also lost 93% against Bitcoin in terms of satoshis.

ICP / USD YTD – coingecko.com

Start / highest position: 8 – end position: 37

EOS (EOS)

The once darling of the cryptocurrency, touted by many, would kill Ethereum, has actually done very little this year in terms of price movements while those around it have risen.

EOS had dropped out of the top ten market cap on January 1st and hit the charts year-round. EOS prices are up a meager 15% over the year while others have been in the triple and quadruple digits, so we’d look at these as losers by and large.

Block.one’s once hyped token was trading at $ 3.25 at the time of writing, having dropped to 50th place by market cap. It is currently 86% below its April 2018 all-time high of $ 22.71 and has lost 22% against BTC over the course of the year.

In early November, members of the EOS ecosystem expressed their dissatisfaction with the direction of the network.

EOS / USD YTD – coingecko.com

Starting position: 15 – end position: 50

Currency (XMR)

Privacy-centric cryptocurrency Monero has also fallen sharply on the market cap charts this year as a number of major exchanges have removed anonymity digital assets from the list.

XMR prices have only hit 17% this year and are nowhere near their January 2018 all-time high of $ 524. XMR is currently trading at around $ 183 and has fallen 66% from that high, causing it to drop to 49th on the coin-cap tables. Monero has lost 30% against Bitcoin since the beginning of the year.

XMR / USD YTD – coingecko.com

Starting position: 16 – end position: 49

To put those gains and losses in perspective, Bitcoin is up 67.5% year-to-date (YTD) while Ethereum is up 440%.

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