Top Cryptocurrencies with the Highest Price Gains in 2021

Cryptocurrency investors had a good year in 2021, as they did in 2020. Regardless of the market’s volatility, people generally made considerable profits with their cryptocurrencies investments due to massive increases in solana price and other cryptos prices.

Even as the world was again preoccupied with finding solutions to the COVID-19 outbreak, the crypto business had a banner year, with Solana’s price witnessing a considerable increase.

In this article, we will look at the top cryptocurrencies with the biggest price increase in 2021. Here are the top gainers for the year 2021:

Shiba Inu (SHIB)

Shiba Inu, also known as “Dogecoin Killer” had a stunning year in 2021, with a 43 million percent increase in price from January to December. It was worth $0.000000000077 at the start of the year. Many people were uninterested in the coin at the time. However, a resurgence in May provided Shiba Inu with a much-needed boost, securing its position. The coin reached an all-time high of $0.00008616 and a market capitalization of $40 billion in October. At the end of December, Shiba was worth $0.00003407.

Terra (LUNA)

Terra had a strong year in 2021, with gains of 13,790 percent. It began the year at $0.65 and surged to a new high of $22 in early March. Then, in the second half of the year, it hit an all-time high of $81 in early December. By late December, it broke the $100 barrier, reaching an all-time high of $103.33 before closing at $85.49.

Axie Infinity (AXS)

At the start of 2021, AXS traded at $0.53. When interest turned to the gaming industry in June, the utility currency gained traction. The coin used in Axie Infinity, a Pokemon-inspired play-to-earn metaverse game built on the Ethereum blockchain, reached an all-time high of $164 in November before falling to $94.90 today. During the year, its value increased by 12,022 percent.

Solana (SOL)

In 2021, Solana’s price increased by more than 10,000%. The coin started the year at $1.52 and surpassed the $50 mark by mid-May. In August and September, Solana prices soared again, from $40 to almost $180. Solana’s price hit an all-time high of $259 per share in November. Solana’s price was worth $172 in December 2021.

The Digital Currency Bitcoin

Bitcoin, the most valuable cryptocurrency in terms of market capitalization, stayed in first place during 2021, keeping its lead over Ethereum. Prices, on the other hand, fluctuated throughout the year. It reached a low of $28,803 on January 1 and a high of $68,789 on November 10. Even if the gain was just 138 percent, it was enough to satisfy investors. Bitcoin was worth $46,863 at the end of December.

Ethereum

Ethereum is a distributed blockchain computing platform created as a utility-based alternative to Bitcoin that featured a scripting language for Ethereum network applications. The rise of non-fungible tokens and other decentralized applications, or dApps, combined with a more than 300 percent increase in the size of the decentralized finance market in 2021, pushed Ethereum to make plans to switch from proof-of-work (PoW) validation, in which mining computers ensure the integrity of the crypto, to the more energy-efficient proof-of-stake (PoS) validation, in which owners put up their tokens as collateral to validate the blockchain data.

Cardano (ADA)

Cardano is an open-source blockchain comparable to Ethereum, and it is currently the largest cryptocurrency based on the proof-of-stake mechanism. Before a policy change that permits smart contracts using the Plutus smart contract language and financial contracts using the Marlowe language, developed for nonprogrammers in the financial sector, it saw its highest gain in August. The price of the ADA token has declined by more than half since its peak in early September, and it is currently trading in the same range as it was between February and July 2021.

Dogecoin (DOGE)

In the same way that many other currencies worldwide are backed by belief, Dogecoin is. Instead of faith in an issuing country’s ability to cover its liabilities, here is faith in the power of a compelling meme, which DOGE’s 1,000 percent run from mid-April to mid-May showed is not just a pipe dream. While traditional investors may dismiss meme stocks and cryptocurrencies as “pump and dump” scams — and they are incredibly volatile — fellow meme investments AMC Entertainment Holdings Inc. (AMC) and GameStop Corp. (GME) are also trading far above their January lows.