Over the 2021 bull run, not all digital assets had positive price actions.
Bitcoin (BTC) has increased the all-time high price bar multiple times this year, indicating that 2021 was surely been a bull market. However, not all crypto assets have consistently performed well. In terms of price rises, there have been a few losers in contrast to the majority of winners.
Total crypto market capitalization has increased 190% from the start of 2021, from just below $800 million to over $2.3 trillion now. In early November, it reached an all-time high of slightly more than $3 trillion.
Top 3 crypto gainers in 2021
On January 1, 2021, the crypto top-ten in terms of market capitalization seemed slightly different, as it included Litecoin (LTC), Chainlink (LINK), and Bitcoin Cash (BCH). By the end of the year, these had been replaced by Solana (SOL), USDC, and Avalanche (AVAX).
This year, Dogecoin has surged, due mainly to Elon Musk's covert social media posts. DOGE was valued at $0.004 on New Year's Day and was completely disregarded by the majority of crypto traders. DOGE witnessed its first minor surge in February, following the first of several Elon pumps.
DOGE prices jumped more than 1,100 % in April and May, reaching an all-time high of $0.731 on May 8, driving it to the fourth slot on the crypto market cap charts.
In June, Musk lauded the merits of DOGE as a payment network, leading the memecoin to experience yet another round of FOMO.
DOGE has been declining since May, both in terms of Bitcoin and USD.
Despite all of the further mainstream media coverage it has received, and also major trading platform listings, the Shiba Inu-inspired joke coin has gained 3,800 % this year so far. DOGE has risen 2,100% year on year in BTC values, from 168 satoshis to 3,696 sats in mid-December.
Solana, the native token for the enterprise blockchain, has also had a successful year in terms of gains. SOL was valued at $1.52 at the start of 2021, currently, it was trading for slightly moreover $150. This is an incredible growth of more than 9,800% in less than a year.
SOL reached an all-time high of $260 in early November before retreating as markets began to drop late in the year. After rising at fourth, the enormous surge has pushed SOL to fifth position in the market cap charts. SOL has acquired 6,473 % against BTC during the year.
Solana, which has been termed an "Ethereum killer," has garnered pace as a result of major investments and growing adoption in the context of rising transaction prices on Ethereum. Solana Labs acquired $314 million in June through a private token sale led by Andreessen Horowitz and Polychain Capital.
The native token for the decentralised financial payment network Terra recently entered the crypto top 10. LUNA started the year with a price of roughly $0.65 and was widely unknown to mainstream retail dealers.
Prices rose in March and May, but they did not take off until August, when a major pump propelled LUNA to an all-time high of $77.73 on December 5. LUNA was trading up an astounding 8,515 % ever since starting of the year at the time of writing. In satoshi terms, LUNA has grown 5,815 % against BTC this year.
The sudden growth of Terra ecosystem partners has been substantially accountable for the favourable price movement.
Others worth mentioning for making spectacular gains this year include Avalanche is AVAX, which is up 2,330 % on the year, Polygon's MATIC, which is up and over 12,000 %, and Binance Coin (BNB), which makes 1,271%.
Top 3 crypto losers in 2021
After 5 years of mainly hidden development, Dfinity's Internet Computer project emerged into the public this year amidst a world of excitement. It claimed an internet revolution that would replace the trillion-dollar traditional internet and IT sector by enabling developers to install their code directly on a "public internet" rather than depending on third hosting companies.
When ICP tokens were listed on various exchanges in mid-May, speculators in a rush for the next big thing in crypto piled in, sending values surging to a very swift all-time high of $700 on May 10.
ICP prices have nearly dropped since then, reaching an all-time low of $24.29 on December 4, a devastating 96% fall from its high just 7 months before. It has also lost 93% against Bitcoin in terms of satoshis.
The formerly crypto that many predicted would dethrone Ethereum has done relatively little in terms of price movement this year, whereas those around it have risen.
EOS had already dropped out of the top 10 by January 1st, and it has proceeded to fall down the charts throughout the year. EOS prices have only increased by a measly 15% throughout the year, whereas others have increased by three and four figures, thus we would consider it a loser in the broad scheme of things.
Currently, Block. one's once-hyped token was trading at $3.25, having fallen to the 50th rank in terms of market cap. It is now 86 % lower than its all-time high of $22.71 in April 2018 and has lost 22 % against BTC this year.
Members of the EOS ecosystem expressed their disappointment with the network's direction in early November.
Monero, privacy-focused crypto, has also dropped significantly in market capitalization this year, as several prominent exchanges have delisted digital assets that provide privacy.
XMR prices have risen by only 17 % this year and are still much behind their all-time high of $524 set in January 2018. XMR is currently trading at about $183, down 66 % from its high, down to 49th in the coin cap charts. Since the beginning of the year, Monero has dropped 30% against Bitcoin.
To place these gains and losses into context, Bitcoin is up 67.5 % year to date (YTD), while Ethereum is up 440 %.