The Top Cryptos That Gained More Than 5000% In Value In 2021
2021 was a huge year for cryptocurrencies in general, with increased interest and adoption of crypto investing.
Although the market has dropped in recent weeks, crypto still has more money than it did a year ago. At the beginning of the year, the overall market capitalization was roughly $770 billion, currently $2.1 trillion. Moreover, some cryptocurrencies have made extraordinary gains in 2021.
Some of the biggest gainers in the market, according to data from CoinMarketCap data are listed below.
Gala (GALA) has gained more than 40,000% since January. It is a blockchain gaming platform with play-to-earn games centered on a community. Only one of the eight games listed on its website is online, but the GALA token is expected to work across the entire platform.
CEEK VR (CEEK) has gained over 25,000% this year. It is a virtual reality platform with live performances and NFTs from world-renowned artists such as Bon Jovi, Lady Gaga, U2, Sting, Ziggy Marley, and others. It claims to be the future of music streaming and provides new opportunities for producers to monetize their work.
Decentralized cross-chain swap protocol AnySwap (ANY) is currently up by more than 16,500% in value. It helps to solve the issue of interoperability – that of swapping assets from one chain to another in the cryptocurrency world.
XYO (XYO) has gained almost 16,000% too. Geospatial data is the central theme of XYO. Essentially, the XYO network collects location-specific data, which it can subsequently monetize in various ways. By turning on geo mining on their phones, users can earn cryptocurrency.
Axie Infinity (AXS) has gained more than 15,000% in value over the past year and is the pioneer in play-to-earn gaming, and it allows gamers to exchange rewards earned in the game for real cash.
The Sandbox (SAND) has made gains of at least 12,500%. SAND is the currency used in the virtual world of Sandbox. In recent months, the price of Metaverse tokens has skyrocketed, owing in part to Facebook’s Meta rebranding.
Polygon (MATIC) has gained more than 11,500% since January. It is a layer 2 solution aggregator for Ethereum, the first cryptocurrency to include smart contracts. Consequently, its network has a large number of applications. Unfortunately, significant transaction costs and network congestion have resulted because of this. Layer 2 solutions boost performance by sitting on top of the existing blockchain.
Solana (SOL), which has gained over 9,000%, stood out in performance in 2021. IN August this year, it jumped into the top 10 cryptocurrencies in the market cap. Unlike many other cryptos, its value has not come down since.
Flux (FLUX), which has gained more than 7,500%, has a portfolio of easy-to-use blockchain applications and products and is promoting itself as a decentralized alternative to Amazon Web Services.
Kadena (KDA) is up over 7,000% year-to-date and is increasingly considered an Ethereum alternative. Its attractiveness is low-cost transactions and even faster payments processing than Solana.
Telcoin (TEL), which has gained almost 7,000%, targets to provide a cheaper and easier way to remit money internationally using the blockchain. People can use Telcoin to send money overseas using their mobile phones. Telcoin is competing with established remittance businesses like Western Union for a piece of the $49 million remittance market.
Rari Governance Token (RGT) is a decentralized finance (DeFi) application that allows users to lend and earn interest from the crypto assets and is up over 6,500% so far this year.