Although Bitcoin closes 2021 under $50,000, a number of altcoin projects that have managed to enter the top 10 in the market capitalization rankings are surprising with their enormous profit rates. Let’s take a look at the profit rates for 2021 according to Watcher.Guru data.
2021 performances of altcoin projects
At the top of the list is the Shiba Inu (SHIB), which “gifted” half of its total supply (410 trillion SHIB) to Ethereum founder Vitalik Buterin and closed the year with a profit of over 50.000%. The second-to-play NFT platform, Axie Infinity (AXS), broke the first news of the metaverse explosion in June, closing the year over 18,000%. The Sandbox (SAND) was the last quarter representative of metaverse coins. With its 16,000% boom, the SAND token first gained investor attention with the hype around Facebook’s rebranding as “Meta”, then confirmed it was aiming for the top with a series of bomb partnerships throughout the year. Further down the list are Terra (LUNA), which provides liquidity to stablecoins, and Polygon (MATIC), the Ethereum scaling solution. Solana (SOL) is the last altcoin project, which closed 2021 with a performance of 13,232% above 10,000%. Bitcoin, which closed the year with a profit of 90%, is in the last place, while the 2021 table of altcoin projects from MANA to XRP is as follows.
Shiba Inu getting ready for DOGGY DAO
cryptocoin.com As we reported, the developer team behind Shiba Inu (SHIB) announced in a new blog post that it will launch a Shiba-owned DAO. In the beta version of the DAO called “DAO 1”, users will decide how to distribute their token rewards among various liquidity pools. Next, a new DAO called DAO 2 will allow users to make general recommendations regarding the development of the project.
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