68 cryptocurrencies earned more than 1000% in 2021. Even Bitcoin, the king, ONLY gained 72% this year. Some of the gains we’ve seen are amazing. 2021 was a huge year in the crypto industry and crypto returns.
What Happened This Year?
Some huge trends started this year and are continuing now. And when you look at the biggest crypto returns of the year, they seem to have one of these sectors in common:
- Smart Contracts
- Gaming & Metaverse
So these areas did particularly well. But the entire market had a good year. Nothing did as well as Gala Games 40,000%, but the market overall did very well.
How Did the Top 15 Do?
The top 15 cryptocurrencies by market cap, starting with Bitcoin at #1 and going down to Crypto.com down at #15, all had great years with only two exceptions.
- The two stablecoins in the top 15: USDC and USDT (Tether)
- Shiba Inu, the 2nd biggest meme coin, is flat on the year.
We often look at the blue chips a little differently than the rest of the market in that most of us are either investors or traders. Investors often target blue chips with most of their portfolio and maybe trade a small portion in other newer, riskier projects. Traders, on the other hand, do the opposite and mostly trade but then funnel profits into BTC, ETH, and other blue chips.
And who were and who became blue chips this year changed a little bit…..
In fact, as we said earlier, Bitcoin’s 72% would be a great crypto return in any year. But this year, it’s the worst. It’s the only crypto other than Shiba with under 100% ROI this year. Terra, Polygon, and Solana all crushed this year earning more than 10,000%. Here are the top 15 by market cap and their year-to-date returns.
It’s tough for big projects to grow this fast but who knows? Maybe some of these top 15 will see huge growth in 2022 also. One thing is for certain, those who picked good projects and held onto them did very very well. And we don’t think that’s going to change anytime soon.
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