Ten Cryptocurrencies That Delivered The Highest Return On Investments In 2021
Without a doubt the year 2021 was a very remarkable moment for the global cryptocurrency industry, as there was massive retail and institutional adoption of cryptocurrencies, forcing the crypto market cap to reach heights previously thought impossible, while token prices exploded.
A sustained bullish trend saw the crypto market briefly surpass $3trillion before it ended the year at just over $2trillion, a feat that was achieved in just about 10 years of the cryptocurrency industry.
As a result of the surge in cryptocurrency value, Bitcoin, which is the largest cryptocurrency by market value, crossed the $1trilion market cap and was rated as the best performing asset class in the last decade with an annualized ROI of 230percent.
The massive adoption of Bitcoin, Ethereum and other altcoins saw token prices rise exponentially, with some delivering up to 30000percent growth in value and above.
Other digital assets like Non-Fungible Tokens (NFT), Decentralised Finance (DeFi) and Metaverse also got a lot of attention as transactions ballooned into billions of dollars.
Last year wasn’t just a remarkable year for the crypto industry in terms of ROI, but there was also a lot of investment in infrastructure in a bid to provide the needed backbone for more sustainable growth and profitability.
Consequently, the price of many crypto assets was determined by their values, functionality and application, rather than their correlation to Bitcoin.
This report highlights the best performing cryptocurrencies in 2021. I have used data from Mudrex and Coinmarketcap.
Gala (GALA)
Over 50 000percent gain
With an ROI of more than 50000percent, GALA tops the ranking. GALA is an Ethereum-based cryptocurrency that powers GALA games. The platform allows users to play to earn GALA tokens which are then used for various in-game transactions like buying upgrades and other assets. It is also used as a governance token.
CEEK VR (CEEK)
Over 25 000 percent gain
Ceek prides itself as the future of music streaming, and it gathered quite some momentum in 2021. It is a virtual reality platform that gives users access to live performances and NFTs from top international stars like Lady Gaga, U2 and many more.
Ceek offers many innovations and allows users access to a wide range of opportunities to monetize their work.
Axie Infinity (AXS)
Over 18 966 per cent gain
Axie Infinity started the idea of play-to-earn gaming on blockchain. This platform allows users to win rewards for their playtime and the token earned can be exchanged for real cash.
The concepts brought a lot of users to the platform and spurred token growth.
Sandbox (SAND)
Over 15 000 per cent gain
SAND is the native token of Sandbox’s virtual world and it was one of the top crypto gainers in 2021, recording more than 12500percent in token growth. SAND benefitted greatly from the announcement by Meta CEO Mark Zuckerberg, that his company will invest billions of dollars into developing what he called the ultimate the metaverse.
That announcement drove immediately impacted the price of metaverse tokens, including SAND.
The metaverse is projected to be a multi-trillion dollar industry in the near future.
Polygon (MATIC)
Over 12 800 per cent gain
Polygon has been described in some quarters as an Ethereum clone because it offers the same services as Ethereum but it is more efficient in terms of speed, userbility and affordability. The digital asset which is built on the Ethereum blockchain is a layer 2 solution aggregator.
In 2021, a lot of Ethereum users, frustrated by the platform’s high transaction fees and network congestion sought refuge in Polygon and other alternative smart contract protocols.
Consequently, the price of the Polygon token rose sharply, resulting in high returns for token holders.
Terra (Luna)
Over 11 500 per cent gain
Terra is one of the top decentralised platforms that is underpinned by stable coins pegged to several currencies
Solana (SOL)
Over 10 000 per cent growth
The steady growth of the Solana protocol underline’s the strong performance of the smart contract cryptocurrencies in the period under review. Solana first shot into the top ten by market cap in August and has remained in the elite class since then. Users are attracted to the platform mainly because it performs the same function as Ethereum but with a superior capability for speed and it has low transaction fees.
Solana native token SOL has ridden on that momentum, delivering over 10000 returns on investment for holders.
Fantom (FTM)
Over 7 500percent growth
The FTM token is another proof that 2021 was a great year for the smart contract cryptocurrency platforms. The digital currencies got a lot of user traffic largely as a result of the shortcomings of the Ethereum platform by way of congestion and high transaction fees.
Kadena
Over 8 000 per cent gain
Kadena is another smart contract cryptocurrency that got a lot of attention in 2021. If Solana was considered super fast by users, Kadena promised an even faster processing speed; add that to its low transaction cost then you have a platform that showed a lot of growth potential.
Kadena also leveraged its strong growth to launch a Non-Fungible Tokens.
Telcoin
Almost 7000 per cent gain
Telcoin is a payment platform that incorporates the efficiency of blockchain technology to deliver fast and more affordable ways to send money internationally.
Telcoin is optimistic that soon, it will account for a significant share of the $49billion international payment industry
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