The entire market valuation of cryptocurrencies increased by 187.5 percent in 2021, with numerous prominent crypto coins giving four and five-digit returns by the year’s conclusion. Not only was 2021 a year of attractive crypto returns, but it was also a year of developing blockchain infrastructure and coin sustainability. In combination with non-tokens increasing consumer traffic on cryptocurrency trading platforms, decentralized finance systems improved their functionality in 2021.
Ethereum, the blockchain-based platform for many NFTs, reached an all-time high of nearly $4700 in November 2021, while Bitcoin was trading at around $66,000. Back in November, Mikkel Morch, executive director of crypto hedge firm ARK36, indicated that Bitcoin’s $70,000 price level “looks soon.” Here we will tell you about the top 5 performing cryptocurrencies.
Ethereum (ETH)
In 2021, Ethereum (ETH) had a rise in the price of 404.21%. It makes this the best-performing cryptocurrency of the year. Ethereum’s price increase was due to its many advantages over other cryptocurrencies. These advantages include faster transaction speeds and more considerable scalability. Ethereum is expected to continue to be a top performer in the cryptocurrency market in the years to come.
Ethereum (ETH) is currently the best performing cryptocurrency, with a return on investment of over 6000%. The currency has surged in value in recent months, with a current price of over $600 per ETH. Ethereum’s popularity is due to its many benefits, including security, flexibility, and ease of use.
Investors are advised to research here about Ethereum before investing, as the currency is still relatively new and carries some risks. The cryptocurrency has appreciated by more than 5,000% this year. Ethereum’s price surged from $8.72 to $396.59 in 2017. The cryptocurrency’s market capitalization increased from $700 million to over $37 billion in 2017.
Also, read Bitcoin Investment: Knowing The Risks And Avoiding Them
Cardano (ADA)
Cardano (ADA) is currently the best performing cryptocurrency on the market, with a gain of 647.29% in price in 2021. The coin has seen a surge in value in recent months and is expected to rise throughout the year. The cost of Cardano is expected to reach $10.71 in 2022, an increase from the current price of $0.962989. Cardano is one of the best performing cryptocurrencies, with a return on investment (ROI) of over 5,000% as of February 2018.
Binance Coin (BNB)
Binance Coin (BNB) is currently the best performing cryptocurrency in the market. With a 1249.80% increase in price, it is safe to say that BNB is one of the most valuable cryptos today. The world’s leading crypto exchange created this digital asset, Binance, to reduce transaction fees on the platform.
Binance Coin (BNB) is the best-performing crypto of 2018. It is up more than 1900% since the start of the year. BNB is a unique coin because it is used on the Binance Exchange. The exchange is one of the most popular in the world and has generated a lot of volumes. The currency has seen its value skyrocket from just $0.10 to over $14.00, outperforming Bitcoin, Ethereum, and Ripple in the process.
The success of BNB is primarily attributed to the actions of Binance, the world’s largest cryptocurrency exchange by volume. BNB started the year at around $8 per coin and has since reached a high of over $18. This represents a 125% increase in value, superior to any other cryptocurrency.
Avalanche (AVAX)
Avalanche (AVAX) is one of the most popular cryptocurrencies on the market and is known for its high performance. In 2021, its price rose by 2885.51%, making it the best performing crypto that year. This impressive performance has put Avalanche in the spotlight, and many investors are now looking to invest in it.
Cryptocurrencies are known for their high volatility and dramatic price swings. However, one cryptocurrency has outpaced even the most bullish of digital currencies. Avalanche (AVAX) has seen its price increase by an astounding 2885.51% in 2021. This makes it the best performing crypto of the year.
Also, read Three Best Crypto Wallets In 2022
Dogecoin (DOGE)
Dogecoin (DOGE) will be the best-performing crypto in 2021. The price has increased by 2899.12%. This makes Dogecoin one of the most successful cryptos in the price increase. With this kind of performance, DOGE is a crypto to watch in the coming years.
Final Words
These currencies, which we mentioned above, have seen the most significant growth in value over the past year and are expected to grow in value in the coming years. If you are looking to invest in cryptocurrencies, these are the ones to watch.