OneCoin: Cryptocurrency 'scam' discussed by expert
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Altcoins have stolen this spotlight on the cryptocurrency market in 2021, inspiring frantic buying and selling at several points. Those that performed the best managed to increase their value by thousands of points and earned people millions. Others hoping to follow in their footsteps stumbled, however, meaning the success was limited to a chosen few.
Although not as well known as some others on the list, Solana was one of the cryptocurrency market’s top performers.
Data compiling prices between January and December found Solana jumped in price by 9,087 percent.
The movement brought it from roughly $1.50 (£1.11) at the end of 2020 to $191.04 (£141) in August and $154.11 (£113.75) today.
DOGE became one of the best-known altcoins this year, thanks, at least in part, to Elon Musk.
The eccentric Tesla CEO has endlessly popularised the coin, leading to peaks and sometimes troughs on several occasions.
Investors could buy one for $0.0052 (£0.0038) in January and sell them at $0.68 (£0.50) in July.
The coin is now less valuable, on the market for $0.2132 (£0.16), 3,867 percent more than the beginning of 2021.
Cardano is one of the more unique tokens on the market and employs a proof of stake feature in transactions.
The last nine months have proven particularly fruitful for the coin.
In January, it was worth around $0.17 (£0.13), and people can currently buy one for $2.07 (£1.53) – an increase of 1,127 percent.
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Currency exchange company Binance released its own coin this year.
So far, it hasn’t matched up to many of its competitors, but it has grown exponentially.
Statistics show it has successfully increased its value by 812 percent this year to around $411 (£303.35).
Ethereum is another token that braved a tumultuous 2021 but managed to cushion its position compared to others.
The London Hard Fork, which simplified its trading procedure, generated additional interest that has held steady since the summer.
As such, it has enjoyed an increase of 322 percent, and people can buy one today for roughly $3,107 (£2,293.23).
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