Big winners – big losers in 2021

2021 is sure to be a boom year for the crypto market, Bitcoin keeps setting new all-time highs (ATHs), but one of them has disappointed investors.

Since early 2021, total crypto market capitalization has grown 190% from under $ 800 million, hit an ATH of over $ 3 trillion in early November, and is currently over $ 2.3 trillion.

Top 3 most successful cryptocurrencies in 2021

The top 10 cryptocurrencies in terms of capitalization have changed from January 1, 2021, as there were Litecoin (LTC), Chainlink (LINK) and Bitcoin Cash (BCH) at the time. But things have changed, these altcoins have dropped out of the top 10 and for now have given way to Solana (SOL), USDC and Avalanche (AVAX).

Dogecoin

Dogecoin (DOGE) has seen phenomenal growth this year, largely driven by Elon Musk’s social media posts. Starting the New Year with a price tag of $ 0.004, DOGE didn’t really catch the attention of traders.

DOGE had its first little nudge in February, followed by a series of shills from Elon Musk, the so-called Dogefather in the crypto space.

DOGE price really skyrocketed in April and May as it rose more than 1,100% to an ATH of $ 0.731 on May 8, taking it fourth in terms of capitalization.

Elon Musk touted DOGE’s virtues as a payment network in June, leading to another round of FOMO.

DOGE has been down from its epic pump since May, but all of the extra mainstream media it has along with its list of major exchanges still gives it a 3,800% gain this year. In terms of BTC, DOGE is up 2,100% year over year, from 168 satoshis to 3,750 sats.

DOGE / USD price chart | Source: Coinecko

DOGE currently ranks 12th on Coinecko.

Solana

The Solana blockchain’s native token also had a pretty impressive year. In early 2021, SOL was priced at just $ 1.52 and is trading at $ 150 today after seeing a massive surge of more than 9,800% versus the USD and 6,473% versus BTC in less than a month.

SOL hit an ATH of $ 260 in early November, breaking into the top 4 cryptocurrencies, but fell sharply as the market began correcting in early December, falling back to fifth place at the time of writing.

Massive investments and increasing acceptance with rising transaction costs of Ethereum have increased the momentum for Solana, which is also known as the “Ethereum destroyer”. In June, Solana Labs raised $ 314 million through a private token sale led by Andreessen Horowitz and Polychain Capital.

SOL / USD price chart | Source: Coinecko

SOL has made a big leap from position 112 at the beginning of the year and is now in position 5.

Terra

The native token for the DeFi Terra payment network quickly entered the top 10 cryptocurrencies in a short time. LUNA started the new year at around $ 0.65 and was little known to mainstream retailers.

LUNA prices started rising in March and May, but they haven’t really skyrocketed since August, continuously putting new ATHs, and hit $ 101.7 on December 25th. At the time of writing, LUNA is trading 8,515 percent versus the USD and up 5.815% versus BTC since the start of the year.

The rapid expansion of partners across the Terra ecosystem was a key factor in LUNA’s bullish pricing action.

LUNA / USD price chart | Source: Coinecko

LUNA has climbed from 62nd place at the beginning of the year to currently 9th place.

Some other cryptocurrencies also worth mentioning because they have seen impressive gains this year are Avalanche AVAX, which is up 2,330%, Polygons MATIC, which is up over 12,000%, and Binance Coin (BNB) is up 1,271 percent this year.

Top 3 Most Failed Cryptocurrencies in 2021

Internet computer

Amid a world of hype, Dfinity’s Internet Computer (ICP) project exploded in the market this year after five years of secret development. It promises an Internet revolution that will replace the trillion-dollar legacy Internet and IT industries by allowing developers to install their code directly on the “public Internet” without relying on third-party hosting companies.

Speculators desperately looked for further success in the crypto space when the ICP token was listed on major exchanges, which increased the price on Jan.

Since then, ICP price has largely slipped over time, falling to an all-time low of $ 24.29 on December 4th, a 96% decline against the USD and 93% against BTC from its high just 7 months ago.

ICP / USD price chart | Source: Coinecko

The long slide brought ICP from its current 8th position to 37th place.

EOS

The once darling of the cryptocurrency, which many have been touted as killing Ethereum, has actually done very little this year in terms of price movements while altcoins have surged around it.

EOS was kicked out of the top 10 by market cap on January 1st and continued to fall throughout the year. The EOS price rose only slightly by 15% over the course of the year, so it is one of the losers compared to the market as a whole.

EOS is trading at $ 3.25 at press time, ranking it 50th. It’s now 86% lower than its ATH of $ 22.71 in April 2018, and is down 22% against BTC over the year.

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

EOS / USD price chart | Source: Coinecko

In terms of capitalization: position since start of year is 15, current position is 50.

Monero

The data protection-oriented cryptocurrency Monero (XMR) has also slumped in the charts in terms of capitalization this year, as several large exchanges remove the security coin.

The XMR price has only increased 17% this year and has no chance of getting anywhere near its ATH of $ 524 in January 2018. It’s currently around $ 183, XMR is down 66% against ATH, causing XMR price to drop to 47th in the capitalization rankings, losing 30% against BTC since the start of the year.

XMR / USD price chart | Source: Coinecko

From 16th place at the beginning of the year, XMR has now slipped to 47th place.

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