The year 2021 has been a witness to the crypto craze all around the world.?
From El Salvador becoming the first country in the world to recognize Bitcoin as legal tender, Elon Musk¡¯s tweets toying with the crypto market, the rise of NFTs, the concept of the metaverse bursting into the mainstream, to the crypto market surpassing the $2 trillion mark in valuation, 2021 has seen it all.
Besides all that, the astronomical returns that some crypto coins have shown in 2021 make it a strong case for the reportedly over 300 million crypto users (as per Singapore based crypto information platform triple-a-io,) to continue with the crypto craze next year as well!? Eager to know the highest performers amongst crypto coins of 2021? Read on as we bring the same for you.?
The data for the below-mentioned returns is sourced from Giottus Cryptocurrency Exchange, wherein the returns are measured by benchmarking various crypto coins¡¯ prices against Tether (USDT). Suppose you had bought Tether, which is a stablecoin backed by an equivalent amount of US dollars, for $1,000 on January 1, 2021.?
The returns of the crypto coins, like Gala, Sandbox etc are measured against the value of that USDT of ?1,000 v/s the respective coin¡¯s present value (as of 29.12.2021).?
GALA is an Ethereum token that powers Gala Games, which is a platform for blockchain gaming. It is used as the medium of exchange between Gala Games participants, like for payment of in-game items. Upon comparing the year to date returns of GALA (on 29.12.2021) with the USDT of ?1,000 bought on January 1, 2021, it turns out that GALA gave the highest returns of over 32,000%.?
Also Read:?Numbers That Defined Crypto's Record Year Of 2021
AXS is an Ethereum token that powers Axie Infinity, a blockchain-based game wherein players can battle, collect, and build a digital kingdom for their pets. This coin¡¯s holders can claim rewards for staking their tokens, playing the game, as well as participating in key governance votes.
Upon comparing the year to date returns of AXS (on 29.12.2021) with the USDT of ?1,000 bought on January 1, 2021, it turns out that AXS gave returns of 18,171%.?
The SAND coin is the native token of The Sandbox, which is a play-to-earn game that combines blockchain technology, DeFi, and NFTs in a 3D metaverse. The coins are used as the basis for all transactions and interactions in the game. The virtual goods created in the game can be monetized as NFTs and sold for SAND tokens on The Sandbox Marketplace.
Upon comparing the year to date returns of SAND (on 29.12.2021) with the USDT of ?1,000 bought on January 1, 2021, it turns out that SAND gave returns of 16,464%.?
Polygon is an Ethereum based token that powers the Polygon Network, a scaling solution for Ethereum. It aims to provide faster and cheaper transactions on Ethereum using Layer 2 sidechains, which are blockchains that run alongside the Ethereum main chain. Users can deposit Ethereum tokens to a Polygon smart contract, interact with them within Polygon, and then later withdraw them back to the Ethereum main chain. The Polygon MATIC token is used to pay transaction fees as well as participate in proof-of-stake consensus.
Upon comparing the year to date returns of MATIC (on 29.12.2021) with the USDT of ?1,000 bought on January 1, 2021, it turns out that MATIC gave returns of 14,251%.?
Touted as Ethereum's rival, FTM is Fantom¡¯s primary token used for purposes like staking, payment, fees and governance on the network. Fantom, which is a highly scalable blockchain platform for DeFi, crypto dApps, and enterprise applications, uses the FTM crypto coins to secure the network.?
Upon comparing the year to date returns of FTM (on 29.12.2021) with the USDT of ?1,000 bought on January 1, 2021, it turns out that FTM gave returns of 13,730%.?
Just because a crypto coin has given astronomical returns in 2021 doesn't imply that it will do the same for 2022. The reason is simple. Crypto is a new industry and its volatility is known to everyone, isn't it? Next year, it might happen that none of these coins is in the running! Moreover, as the prices of crypto fluctuate drastically, the returns from crypto would be determined by the time of exit, which would vary from investor to investor.
And with numerous aspects such as the Web3 revolution, NFT 2.0 being the new evolution amidst the NFT fever, growth of DeFi, etc. to look forward to in 2022, nothing is certain, nor can it be predicted. What shape the crypto industry takes in 2022 is something that remains to be seen all around the world.
Also Read:?India¡¯s Crypto Bill Likely To Be Delayed Till Budget Session of 2022
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