Bitcoin was founded in 2009 by an unknown creator named Satoshi Natamoto. Bitcoin is currently the world’s oldest and most valuable cryptocurrency and has been a favorite coin of investors for many years. This year also the love of all investors has showered on this coin. About five years ago today the price of BTC was around $500 (approximately 37,000), and now this coin trades between $48,000-$50,000 dollars (approximately Rs 35.7-37 lakh). This year bitcoin crossed the $ 65,000 mark (about Rs 48.3 lakh) and made its all-time high 2021. Even El Salvador has declared Bitcoin a legal tender. Many Bitcoin ATMs have been set up in the country. Many big companies have started taking this coin as payment in El Salvador. Crypto Expert believes that the price of BTC can rise to $100K in 2022. Currently the total market cap of bitcoin is $1 trillion (approximately Rs 74,38,440 crore).
ethereum This year also remained the second most valuable cryptocurrency after bitcoin. If bitcoin is considered the gold of the crypto market, then ethereum is considered silver by investors. Many other applications and tokens work on the Ethereum blockchain. This is the reason why this crypto is growing quadruple day by day. Smart contracts and apps like NFTs are run on this blockchain. November 9 this year also proved to be the best day for Ethereum, when its price reached $4,811 (about Rs 3.5 lakh). This was the all time high for this coin (Ethereum all time high 2021).
Solana was a completely new entry in the market this year. In this competitive market, Solana (SOL) made a splash as soon as it came. Solana has made its name in the list of Top 10 Cryptocurrencies of 2021, beating everyone in the crypto charts this year due to its super-fast processing speed and cheap transactions. By the end of the year, the coin has achieved a growth of more than 11,000% compared to its inception. On November 6, 2021, its price had increased to $ 260 (about Rs 20,000). However, currently this coin (Solana price in India) is trading around $189.
The next new entry is Avalanche (AVAX). This coin saw a lot of growth in November 2021. Experts believe that this coin can make its name in the list of most popular digital currency in the coming few years. This cryptocurrency is more popular because of the AVAX token, which allows high transaction security to connect at speeds of one trillion per second. Currently, the price of this coin (Avalanche price in India) is $ 103 (about Rs 7,661).
Shiba Inu (SHIB)
Shiba Inu It has to be named in this year’s list of most popular cryptocurrencies. The meme coin, which was launched in August 2020, was initially taken as a joke by the investors. However, 2021 proved to be quite good for this coin. Data from Google Trends has revealed that this coin has been searched more than Bitcoin. Shiba Inu is giving tremendous competition to Dogecoin. Within a year of its launch, the cryptocurrency saw a massive jump in October 2021. There are also plans to take the coin as payment by many big companies. Experts believe that this coin will grow rapidly by 2025.
Binance Coin (BNB)
BNB, the token of the world’s largest cryptocurrency exchange Binance, also became quite popular this year. This token helps Binance users to reduce trading charges, while also promoting Binance Smart Chain. The market cap of BNB is around Rs 6.5 lakh crore.