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How top 15 cryptocurrency prices changed for long-term investors (hodlers) in 2021 – The Financial Express

Posted on December 17, 2021 By Cryptocurrency No Comments on How top 15 cryptocurrency prices changed for long-term investors (hodlers) in 2021 – The Financial Express

Cryptocurrency Prices in 2021: Prices of several crypto assets jumped astronomically this year, literally.

Top 15 Cryptocurrency Prices in 2021: Almost all top crypto assets brought big returns to investors in 2021. Despite extreme volatility in crypto markets throughout the year, long term investors (hodlers) have made significant gains this year.

Bitcoin, which is also often referred to as the digital equivalent of gold, continued to remain the top crypto asset by market capitalisation. Even as there were several occasions during the year, when Bitcoin price witnessed sharp falls, it looks set to end the year on a high as compared to its price at the start of the year.

According to data available at the time of writing this report on CoinmarketCap, the price of Bitcoin on 1st January 2021 was $29,131. Its price today is $49,104. This shows an investors wealth would have grown by 68.56% if s/he had remained invested in Bitcoin since the start of the year.

Other Cryptocurrency Prices

Prices of several other coins jumped astronomically, literally.

The price of Binance Coin, which is listed as the third-largest crypto asset on CoinmarketCap, increased 1292% from just $38 on 1st of January 2021 to $543 on 16th December 2021.

ALSO READ | Is invest and forget the best way to build wealth?

During the same period, the price of the Indian crypto-asset Polygon (MATIC) jumped 13263.3% from $0.01781 to $2.38.

The price of Avalanche coin (AVAX), which is ranked 10th on CoinmarketCap, jumped 2825% from $3.66 to $107 from 1st of January 2021 to 16th December 2021. (See below chart for other top 15 coins)

Top 15 Coins Price on 01-01-2021 Price on 16-12-2021
Bitcoin (BTC) $29,131 $49,104
Ethereum (ETH) $730 $4,080
Binance Coin (BNB) $38 $543
Tether (USDT) $1 $1
Solana (SOL) $1.80 $186
Cardano (ADA) $0.17 $1.32
USD Coin (USDC) $0.90 $1
XRP $0.23 $0.83
Polkadot (DOT) $8.30 $27.54
Avalanche (AVAX) $3.66 $107.05
Terra (LUNA) $0.64 $65.23
Dogecoin (DOGE) $0.005685 $0.18
Shiba Inu (SHIB) $0.000000000001 $0.00003405
Polygon (MATIC) $0.01781 $2.38
Crypto.com (CRO) $0.059 0.57

Source: CoinMarketCap

Several Indian exchanges also reported a massive jump in trading volumes this year. Leading crypto exchange WazirX reported a record trading volume of over $43 Billion in 2021, …….

Source: https://www.financialexpress.com/money/how-top-15-cryptocurrency-prices-changed-for-long-term-investors-hodlers-in-2021/2381684/

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