2021 has been an extremely productive year for cryptocurrencies. So much so that the total value of all cryptocurrencies has more than tripled this year, but there were 4 cryptocurrencies in all digital currencies that this year they recorded tremendous rises that could make their investors millionaires.
If you had invested 10,000 TL on the 4 coins that we will discuss shortly, on January 1st, you would have witnessed the rises that could easily make you a millionaire, even if you could not become a billionaire on the night of December 8th.
shiba inu
The most dazzling one-year rise in crypto history undoubtedly belongs to the Shiba Inu. The famous meme coin was trading at $0.00000000073 per SHIB on January 1st, and by December 8th it has skyrocketed to almost $0.0000037 per coin. In terms of percentage, it earned more than 50,000,000 in annual revenue. In this context, an investment of 10.000 TL is now more than 5 billion TL!
The listing of Shiba by famous crypto exchanges and the FOMO effect played a major role in this increase. The burning of the tokens, on the other hand, reduced the supply of SHIB tokens, making every remaining coin scarce and accelerating the increase in value.
Axie Infinity
Another top performing cryptocurrency in 2021 was Axie Infinity (AXS). An investor who started the year with an investment of 10,000 TL in this token now has almost 2.18 million Turkish liras.
Axie Infinity is a earnings-based game built on the trusted Ethereum blockchain. The game continues with the logic of users collecting, upgrading and fighting coin-based monsters known as Axies. Each of the axes are monetizable NFTs. Users can buy and sell Axies or use them in the game.
What makes Axie Infinity so lucrative is the size of the game’s revenue. With revenues of $342 and $220 million in August and September, the token ranked second after Ethereum among Blockchain-based applications.
sandbox
SAND, which started the year under $0.04, continues to trade above $5 as of the moment. This means that the investment of 10.000 TL made on 1 January has exceeded 1.4 million TL as of 8 December.
Another feature that makes Sandbox attractive is that unlike most games developed by companies, users retain full ownership of their virtual world as NFT. These NFTs can earn profits in a game or market on Sandbox’s platform.
wither
The investment of 10,000 Turkish liras made in Solana (SOL) at the beginning of the year would undoubtedly be an investment that could bring great returns to the investors. Indeed, Solana has skyrocketed from $1.61 per coin to over $191. This means that investors who invested TL 10,000 see 1.2 million TL in their portfolio.
The most important feature that allowed Solana to rise to such a high level was her speed. Bitcoin (before the Taproot upgrade) and Ethereum process around 7 and 13 transactions per second (TPS), while Solana manages to process 50,000 TPS. In addition, the extremely low transaction fees can be counted among the factors that triggered this rise.
Is It Hard To Find Such Projects In 2022?
It is known that a certain trend appears in the crypto money market in every period (DeFi, dog-themed coins, decentralized exchange tokens, NFT, etc.).
It is estimated that the coins that will mark the year 2022 will be mostly metaverse-oriented projects.
For this reason, experts advise investors who invest in crypto money to make a basket in the form of “buy and forget”. In particular, he says that 5 10 projects that are included in the ecosystem of a project that will come to light in the metaverse or a project that will come to light in 2022 should be selected, and that an amount of money should be invested in these altcoins that “will not be upsetting when they are lost”.
While choosing these projects, it is recommended to thoroughly research the team behind it, the promises of the project and the roadmap.
In this case, it is stated that the investor who makes an investment in this way has a high chance of making a profit, even if 9 out of 10 projects fail and only 1 is lost. Because, like every year, there will be many coins that will make investors millionaires with a little money in 2022. Creating a long-term basket by investing a small amount in more projects will increase the opportunity to catch coins that will experience a serious rise in 2022.
*Not investment advice.