Here are the best performing cryptocurrencies of 2021

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2021 has been a remarkable year for cryptocurrencies even though the impact of the pandemic has remained

Cryptocurrency investors had a great time in 2021, much like 2020. Despite the volatility in the market, overall sentiment towards cryptocurrencies was positive. The popularity of meme currencies, alt coins, and NFTs has skyrocketed over the past year. Coins like Shiba Inu and Dogecoin dominated conversations, with entrepreneurs like Elon Musk regularly endorsing their favorites. Mr. Musk, who frequently tweets encrypted messages about the crypto industry, initially supported Dogecoin, but eventually transferred his support to Shiba Inu. The year has offered remarkable success to the crypto industry even as the world once again remains busy finding ways to deal with the COVID-19 pandemic.

Here’s a look at the top performers of 2021:

1) Shiba Inu (SHIB)

The self-proclaimed “Dogecoin Killer” posted incredible gains in 2021 – a price increase of 43 million percent from January to December. It was priced at $ 0.0000000077 at the start of the year. Few people were interested in the coin at the time. However, a rally in May gave Shiba Inu a much needed boost, which also allowed him to consolidate his position. The coin reached a record high of $ 0.00008616 with a market cap of $ 40 billion in October. At the end of December, Shiba was trading at $ 0.00003407.

2) Earth (MOON)

Luna also posted impressive gains of 13,790% in 2021. Starting the year at $ 0.65, it climbed in early March to a new high of $ 22. Then, in the second half of the year, it hit a new high in early December at $ 81. And by the end of December, it had crossed the $ 100 mark, hitting an all-time high of $ 103.33, before settling at $ 85.49.

3) Infinite Axis (AXS)

AXS was trading at $ 0.53 at the start of 2021. The utility coin then gained momentum in June when interest shifted to the gaming industry. The coin used to play Axie Infinity, a Pokemon-inspired metaverse game built on the Ethereum blockchain, hit an all-time high of $ 164 in November before falling back to the current price of $ 94.90. It gained 12,022% in value during the year.

4) Solana (SOL)

Solana gained over 10,000% in 2021. The coin started the year at $ 1.52 and crossed the $ 50 mark in mid-May. The price really went up in August and September, going from $ 40 to over $ 180. Solana hit an all-time high of $ 259 in November. In December, it was trading at $ 172.

5) Bitcoin

The largest cryptocurrency by m-cap, Bitcoin remained in the lead throughout 2021, maintaining its distance from its closest rival Ethereum. However, it experienced price volatility throughout the year. It started the year at a low of $ 28,803 on January 1 and peaked at $ 68,789 on November 10. Although the gain was only 138%, it was enough to keep investors happy. At the end of December, Bitcoin was trading at $ 46,863.

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