Jon Erlichman from Bloomberg servers shared the list of 10 altcoin projects that will become profit kings in 2021. In us, cryptocoin.com We compiled Erlichman’s analysis. Here are the details…
Shiba is included in the list with its latest move this week
SHIB’s performance recently recorded in the 24-hour time frame led to its pace in the top 10. The meme-inspired coin had seen a 12.5% price increase as its volume also increased and is now being beaten by AVAX in a short correction. Avalanche, on the other hand, was the best performer among the caps, with a 16 percent jump as the entire market added $90 billion to a broad market recovery.
Back to the Shiba Inu, it hasn’t had one of its best weeks since Monday, losing 6 percent of its value. However, it made one of the flash bursts of this year to trade at $0.00004886, gaining 12.5% the other day. Its volume also increased by over 4% to $4 billion, making it the market’s sixth-highest after BUSD.
Next up are explosive altcoin projects Solana and Terra.
The Shiba Inu are the top earners nationwide this year, ahead of Solana and Terra in second and third place respectively. The meme crypto has earned over 70 million percent to date, much higher than the 12,000+ and 7,000+ percent earned by Solana and Terra respectively. The next rows went like this:
- Bitcoin almost doubled
- Ethereum has increased fivefold
- Cardano’s ADA increased 10x
The surprise player was XRP, which is up 400 percent this year, despite engaging in a court battle with the SEC that doesn’t seem to end anytime soon. Since Ethereum is the king of altcoin projects, the success of all other projects is measured against it. Cardano on Friday surpassed Ethereum in daily trading volume, which was a huge success for the Charles Hoskinson-led project. Finally, Ethereum currently has a market cap of just over half a trillion at $4,329, making it bigger than JPMorgan, VISA and Walmart.
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