{"id":1185,"date":"2022-01-17T06:40:00","date_gmt":"2022-01-17T06:40:00","guid":{"rendered":"https:\/\/cryptoheretostay.com\/?p=1185"},"modified":"2022-01-17T06:40:00","modified_gmt":"2022-01-17T06:40:00","slug":"which-cryptocurrencies-made-the-biggest-gains-in-2021","status":"publish","type":"post","link":"https:\/\/cryptoheretostay.com\/?p=1185","title":{"rendered":"Which cryptocurrencies made the biggest gains in 2021?"},"content":{"rendered":"<p> <script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"crypto\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script><br \/>\n<\/p>\n<p>Two weeks into 2022 and cryptocurrencies as a whole have had a stuttering start.<\/p>\n<p>The year opened with a total market cap of $2.2 trillion. Still, talk of inflationary pressures and interest rate rises hit hard, sparking a sell-off which bottomed at $1.9 trillion on Saturday.<\/p>\n<p>While we see signs of recovery, the looming threat of tightening monetary policy is ever-present. With that, crypto sentiment is caught in a precarious state, with investors waiting to see what happens next.<\/p>\n<p>This contrasts with the start of 2021. Back then, Bitcoin was riding a wave of momentum after breaking a three-year resistance level in December 2020. It went on to hit $65,000 in April 2021 and posted a new all-time high of $69,200 in November 2021.<\/p>\n<p>Nonetheless, Bitcoin\u2019s overall 2021 performance was somewhat pedestrian (by crypto standards), up +60% over the year.<\/p>\n<p>Over the same period, Bitcoin managed to outperform the S&amp;P500, which gained 27%, the Dow, up 19%, and the Nasdaq\u2019s 21% rise.<\/p>\n<p>All the same, these performances pale in comparison to the biggest cryptocurrency gainers of 2021.<\/p>\n<h2>Which cryptocurrencies performed best in 2021?<\/h2>\n<p>According to entrepreneur.com, these were the best performing cryptocurrencies of last year.<\/p>\n<p>Decentraland (MANA) \u2013 this virtual world platform comes in tenth place, posting +3,900%.<\/p>\n<p>Harmony (ONE) \u2013 designed as a dApp platform with random state sharding, Harmony grew +5,500% in 2021.<\/p>\n<p>Kadena (KDA) \u2013 describes itself as the only scalable layer 1 Proof-of-Work blockchain. Kadena experienced +8,900% gains.<\/p>\n<p>Solana (SOL) \u2013 focuses on DeFi solutions using the novel Proof-of-History consensus mechanism. SOL grew +9,400% last year.<\/p>\n<p>Fantom (FTM) \u2013 provides DeFi services via its acyclic graph-based platform. FTM enjoyed +13,100% gains.<\/p>\n<p>\u201c[With acyclic graph] There are no blocks, unlike in a blockchain. Instead, transactions are recorded as vertices, and these are recorded on top of one another.\u201d<\/p>\n<p>Terra (LUNA) \u2013 uses pegged stablecoins to operate a global payment network. It posted +13,700% gains.<\/p>\n<p>Polygon (MATIC) \u2013 is a layer 2 scaling solution with the goal of making Ethereum a multi-chain network. MATIC grew by +14,600% in 2021.<\/p>\n<p>Axie Infinity (AXS) \u2013 driving the Play-2-Earn genre, AXS experienced +16,200% growth last year.<\/p>\n<p>The Sandbox (SAND) \u2013 ties blockchain and gaming with the ability to create and trade digital assets. The value of SAND increased by +16,300% in 2021.<\/p>\n<p>Gala (GALA) \u2013 Gala\u2019s mission is to make blockchain games that people want to play. It tops the list with an incredible +45,000% growth last year.<\/p>\n<h2>Can 2022 replicate last year\u2019s success?<\/h2>\n<p>Although 2022 is off to a faltering start, the hope is \u201chot tokens\u201d can replicate the success seen above.<\/p>\n<p>Which the \u201chot tokens\u201d will be is anyone\u2019s guess, but 2021\u2019s top performers do have a strong Metaverse and gaming theme.<\/p>\n<p>Having said that, the macroeconomic picture cannot be ignored, add to that increasing regulatory scrutiny, and the outlook is cautious, to say the least.<\/p>\n<p><h2>CryptoSlate Newsletter<\/h2>\n<\/p>\n<p>Featuring a summary of the most important daily stories in the world of crypto, DeFi, NFTs and more.<\/p>\n<h2>Get an edge on the cryptoasset market<\/h2>\n<p>Access more crypto insights and context in every article as a paid member of CryptoSlate Edge.<\/p>\n<p>  <strong>On-chain analysis<\/strong><\/p>\n<p>  <strong>Price snapshots<\/strong><\/p>\n<p>  <strong>More context<\/strong><\/p>\n<p> Join now for $19\/month Explore all benefits<br \/>\n<br \/><script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"bitcoin\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script><br \/>\n<br \/><a href=\"https:\/\/cryptoslate.com\/which-cryptocurrencies-made-the-biggest-gains-in-2021\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Two weeks into 2022 and cryptocurrencies as a whole have had a stuttering start. The year opened with a total market cap of $2.2 trillion. Still, talk of inflationary pressures and interest rate rises hit hard, sparking a sell-off which bottomed at $1.9 trillion on Saturday. While we see signs of recovery, the looming threat [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1186,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_wp_rev_ctl_limit":""},"categories":[3],"tags":[],"class_list":["post-1185","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum-news"],"_links":{"self":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/1185","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1185"}],"version-history":[{"count":1,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/1185\/revisions"}],"predecessor-version":[{"id":1187,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/1185\/revisions\/1187"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/media\/1186"}],"wp:attachment":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1185"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1185"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1185"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}