Blockchain

Five tokens with huge profits in 2021

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2021 is an unprecedented year for cryptocurrencies. Bitcoin (Bitcoin) And ether (Ethereum) The annual increase was 60.58% and 408.5% respectively. For the latter, the explosive growth of decentralized finance (DeFi), non-fungible tokens (NFT), decentralized applications (DApp) and decentralized exchanges (DEX) built on its blockchain A new digital currency network space covering all corners of the world.

However, for altcoins, this year is also an auspicious year, and the performance of altcoins far exceeds that of BTC and ETH in the same period. Therefore, without further ado, let’s take a look at five cryptocurrencies from zero to heroes in 2021.

1. Shiba Inu

Of course, at the top is the iconic emoji Shiba Inu (SHIB). It was originally created as a joke and a derivative of Dogecoin (dog) In August 2020, SHIB holders admitted that the coveted return from 2021 to the end reached 29,513,624.1%. But the development of the network goes far beyond the memetic state. There is now a ShibaSwap DEX with a total value lock (TVL) close to $324.5 million at the time of launch, and two other native tokens that support NFT decline.

Again, the memes have also been flying high.Last October, Adam Aron, CEO of AMC Entertainment, organized a Twitter poll to ask whether the famous chain of movie theaters should accept SHIB tokens as payment for movie ticketsThe poll received 153,100 votes and 81.4% of users supported it.

Moreover, loyal to their cause, the soldiers of the “Chai Jun” proved that they are enthusiastic defenders of tokens when facing their enemies on the blockchain. In December last year, Ask the Doctor, a Canadian medical question-and-answer platform, a former SHIB influencer, Leave without permission and decide to file a lawsuit Shytoshi Kusama, SHIB’s volunteer project leader, accused defamation. Not only did Yayoi Kusama fight back (via tweets), but the Chai Army launched a full-scale attack on the entire (network) front.Within a few hours, Ask the Doctor lost nearly 10,000 of its 58,000 followers on Twitter, and its TrustPilot page Flooded There were hundreds of one-star comments before the platform’s curators started deleting them.

2. Solana

Solana will enter in 2021 with a gain of 11,120% (Sol) Successfully realized its lovely nickname “Ethereum Killer”, processing 1,847 transactions per second, and the average cost of each transaction at the time of publication is less than a penny. At the same time, the Ethereum network can only process 15 transactions per second, and the gas price for each execution of the smart contract is $133.17.

Blockchain has attracted the attention of many developers because of its high efficiency. Game studios supported by FTX and The most successful NFT project originated in Asia To the privacy-enhanced browser Brave is over 42 million users. In December, Twitch co-founder Justin Kan launched a new blockchain-based game-focused NFT market Fractal on the Solana network Accumulated more than 110,000 members.

3.Dogecoin

The performance of the sequel (as SHIB) usually does not exceed the original version, but DOGE is still a solid meme token story. DOGE ended the year with an increase of 2,910%, attracting the attention of celebrities, influencers, investors and blockchain enthusiasts. But let’s face it, most people are probably for money (and jokes) rather than technology.

One of DOGE’s greatest preachers is of course Elon Musk.Colloquially known as “Dogefather”, Musk has repeatedly sent meme coins to his 68.9 million fans, and even confirmed that Tesla will Accept DOGE Used for goods payment.In time magazine interview, Musk said: “Bitcoin is not a good substitute for transaction currency. Although it is a stupid joke, Dogecoin is more suitable for transactions. The total transaction flow you use Dogecoin, such as daily transactions, is better than Bitcoin Coins have higher potential.”

More importantly, the Dallas Mavericks billionaire owner Mark Cuban has already started Cash back reward program Incentivize payment of goods and tickets through DOGE. according to For CryptWerk, there are now 1,983 merchants worldwide accepting DOGE as payment, compared with 1,206 in early 2021.

4. Binance Coin

Binance Coin will end in 2021 with a gain of 1,271% (Bitcoin). BNB was previously only used as a discount on transaction fees for Binance, the world’s largest centralized cryptocurrency exchange. It has now developed into a leader in the DeFi ecosystem and is ERC-20 compatible.Since its launch in 2020, Binance Smart Chain (BEP-20) has surpassed 1.5 billion lifecycle transactions TVL is 16.61 billion U.S. dollars. 32.98% of TVL comes from DEX and game/NFT platform PancakeSwap, of which 3,759 coins are available for trading, and the total transaction volume in the past 24 hours is US$760.2 million.

BNB is used to pay for gas fees on the Binance chain along BEP-20 and is interchangeable. Binance uses a portion of its profits to repurchase BNB every quarter for permanent removal. During the 17th quarter burn in October, BNB worth $639.5 million was burned.

5. Cardano

According to the latest report from CryptoRanks and Santiment, Cardano (have) Is the most developed blockchain in 2021. 140,000 GitHub events There have been reports involving Cardano throughout the year, surpassing Kusama and Polkadot in second and third places.Last September, Cardano Experienced its iconic Alonzo Fork, To enable smart contract functions on its Proof of Stake (PoS) network.

Soon after, the number of ADA wallets exceeded the 2 million mark.At the same time, its founder, Charles Hoskinson (Charles Hoskinson) updated fans about Hydra upgrade status In theory, this could enable the network to process hundreds of transactions per second.In early January, Hoskinson announced plans to transform Cardano into permanent Open source project Gradually. ADA ended the year with a 673.8% increase.