The year 2021 is coming to an end, and for the cryptocurrency section it was a roller coaster year, with periods of highs alternating with periods of lows during the course of the year. Based on these inconvenient changes, the platform decrypt aanalyzed the platform data CoinGecko and Yahoo Finance to compile a list of 2021 'winning' digital currencies.
According to what is revealed by the publication, cryptocurrencies Bitcoin (BTC) and Ethereum (ETH) end the year 2021 appreciating by 67 and 450%, respectively. To reach this conclusion, the report focused on crypto assets that have been around since the beginning of the year and excluded digital currencies that entered the public market this year, such as Coinbase and some joke coins (meme coins).
On the other hand, for the DeFi segment, the investigation took into account the market value, since cryptocurrencies were tabulated according to the evolution of the unit value. The data takes into account the period between January 1 and December 15.
Best performing Decentralized Finance (DeFi) token: Read Staked ETH (stETH)
The market value of these tokens rose 48.633%, from 12,3 million in January to six billion dollars in December. These tokens are minted when users deposit their ETH and burned when withdrawn, with operations and protocols being managed by the decentralized organization Lido DAO. Second in the category goes to Pancake Swap (CAKE) with 5.730% growth and third place goes to Frax (FRAX) with 2.495% growth.
Best performing cryptocurrency: Solana (SOL)
The price of Sol increased by 9.588% from 1,84 to 178,26 dollars, recorded on December 15th. Cybercurrency can be used to pay fees and positions on the Solana network, which uses historical evidence to validate transactions. The development of the network itself and the rise in the value of cybercurrency justify this choice of decrypt for Currency of the Year. Terra (LUNA) with 9.391% increase and Dogecoin (DOGE) with 3.179% complete the podium.
Best performing meme coin: Shiba Inu (SHIB)
This coin had a price increase of 42349900%, from 0.00000000008 dollars to 0.00003388 dollars per unit. The Ehtereum network token was founded in August 2020 as a parody, but in 2021 it turned out to have a remarkable performance. DOGE (3.180%) and ELON (2.638%) occupy the second and third places in this category.
