Best cryptocurrencies of 2021 that delivered mindblowing returns of up to 51,000%

According to various reports, about 15 million Indian retail investors have placed bets on the digital tokens, with an investment of about $6.6 billion. About 90 per cent of domestic retail investors were added in the current calendar year.

Industry experts say India has a huge potential to become a global leader in this technology. The small cities and towns have led the way in adopting these digital assets.

“Despite the uncertainties around the regulatory framework of the sector in India, the adoption rate of digital assets is growing nearly twice as fast as that of the internet,” said Vikas Ahuja, CEO of CrossTower India.

According to a Chainalysis report published in October 2021, India was ranked second in terms of digital adoption. The report pegged India at 11th out of 154 nations in crypto adoption.

Edul Patel, CEO & Co-founder of

How did Cryptos fare this year?
The largest cryptocurrency by market capitalisation,

Table 1 Mudrex. ETMarkets.com informant : Mudrex

Table 2 CrossTowers ETMarkets.com

source : CrossTower

Other tokens that rewarded investors handsomely were Binance Coin (BNB), Solana (SOL) and Polygon (MATIC), fetching returns of 1,000-13,000 per cent on a year-to-date basis, he added.

The tokens with smaller market cap but superior fundamentals would be the best picks for the future, suggested Patel. Investors should keep an eye on Hedera (HBAR), Algorand (ALGO), Harmony (ONE), Fantom (FTM), Sandbox (SAND), Pancake Swap (CAKE), Render Token (RNDR), Polygon (MATIC) and Decentraland (MANA) in 2022, he added.

Reasons behind mass adoption

Experts said meme coins, central bank digital currency, and non-fungible tokens (NFTs) were the three major trends in 2021. The year also saw a slew of initial coin offerings or ICOs.

Multiple factors have led to the massive euphoria in

“Avid crypto enthusiast and Tesla boss Elon Musk remained a top name in the crypto space, whereas Facebook renamed itself as Meta in order to create the metaverse. Celebrities joined the NFT bandwagon,” he said.

Digital tokens have been indisputable and are already disrupting many traditional services and sectors globally. Emergence of niches such as NFTs, Web 3.0 and decentralised finance (DeFi) have played a pivotal role in their growth and adoption.

The Indian government is crafting a legal framework for the digital asset class, which will establish global standards and recognise the value of these assets, said Ahuja from CrossTowers India. “We believe this is a positive approach as the cryptocurrency is an emerging asset because of its intangibility and the fact that it uses highly sophisticated encryption to secure and verify transactions.”

Cryptocurrencies come with a mix of excitement, innovation, growth, anxiety, curiosity as well as huge profits, but investors need to be cautious. One must learn the technologies the person is investing in and strongly back the underlying fundamentals, experts said.

The outlook for the future

Apart from India, several countries are attempting to bring in regulations and this could mature the cryptocurrency market in the coming years.

“With regulatory guidelines, investors would be more comfortable investing their money, and companies would be more comfortable starting businesses revolving around cryptos and blockchain,” said Patel of Mudrex.

Everyone wants to ride the crypto wave but the fear of missing out the rally might be destructive for investors. Crypto is a new yet innovative technology but just a part of a bigger economic boost that blockchain offers for financial activities.

“We have successfully placed a footing in the Indian market, with growth of more than 3,000 per cent in the last one quarter,” Ahuja added. “We are seeing increasing awareness and appetite for digital assets from both institutional and retail investors.”

New Delhi : The crypto market skyrocketed in 2021. The population of digital tokens saw an investment of $ 30 billion and the sum marketplace capitalization of this asset class, which is merely a ten erstwhile, hit $ 3 trillion during the year.According to assorted reports, about 15 million indian retail investors have placed bets on the digital tokens, with an investment of about $ 6.6 billion. About 90 per penny of domestic retail investors were added in the current calendar year.Industry experts say India has a huge potential to become a ball-shaped drawing card in this technology. The small cities and towns have led the way in adopting these digital assets. “ Despite the uncertainties around the regulative framework of the sector in India, the adoption rate of digital assets is growing about twice deoxyadenosine monophosphate fast as that of the internet, ” said Vikas Ahuja, CEO of CrossTower India.According to a Chainalysis report published in October 2021, India was ranked second base in terms of digital borrowing. The report pegged India at 11th out of 154 nations in crypto adoption.Edul Patel, CEO & Co-founder of Mudrex, said it has truly been a roller-coaster drive for cryptocurrency investors this class. “ meme coins and metaverse were the acme buzzwords for the year in the cryptocurrency market, ” he said.The largest cryptocurrency by market capitalization, Bitcoin, remained range-bound for a good sum of time this class. The London Hard Fork ascent to the Ethereum network made big news.According to the data from Mudrex, Gala ( GALA ) topped the charts with a tax return of about 51,000 per cent. Axie Infinity ( AXS ) has rallied about 19,000 per penny, whereas The Sandbox ( SAND ) has gained 15,000 per penny. Polygon ( MATIC ), Terra ( LUNA ), Solana ( SOL ), Fantom ( FTM ), Kadena ( KDA ), Harmony ( ONE ) and Decentraland ( MANA ) rallied between 5,000 and 13,000 per penny in 2021, the exchange ‘s data said. “ From our data, Terra ( LUNA ) was the best performer as it delivered about 15,000 per penny refund to investors, ” said Ahuja. “ Despite a 69 per cent tease in Bitcoin, the numero uno digital was featured among the laggards. “ other tokens that rewarded investors handsomely were Binance Coin ( BNB ), Solana ( SOL ) and Polygon ( MATIC ), fetching returns of 1,000-13,000 per penny on a year-to-date basis, he added.The tokens with smaller commercialize cap but superior fundamentals would be the best picks for the future, suggested Patel. Investors should keep an eye on Hedera ( HBAR ), Algorand ( ALGO ), Harmony ( ONE ), Fantom ( FTM ), Sandbox ( SAND ), Pancake Swap ( CAKE ), Render Token ( RNDR ), Polygon ( MATIC ) and Decentraland ( MANA ) in 2022, he added.Experts said meme coins, central bank digital currency, and non-fungible tokens ( NFTs ) were the three major trends in 2021. The year besides saw a murder of initial mint offerings or ICOs.Multiple factors have led to the massive euphoria in cryptocurrencies. Central savings bank digital currencies and a crackdown in China led to fear, uncertainty and doubt among investors, said Patel. “ Avid crypto enthusiast and Tesla boss Elon Musk remained a top mention in the crypto quad, whereas Facebook renamed itself as Meta in order to create the metaverse. Celebrities joined the NFT bandwagon, ” he said.Digital tokens have been incontestable and are already disrupting many traditional services and sectors globally. emergence of niches such as NFTs, Web 3.0 and decentralised finance ( DeFi ) have played a pivotal character in their growth and adoption.The amerind government is crafting a legal framework for the digital asset class, which will establish global standards and recognise the value of these assets, said Ahuja from CrossTowers India. “ We believe this is a positive approach as the cryptocurrency is an emerging asset because of its intangibility and the fact that it uses highly sophisticate encoding to secure and verify transactions. “ Cryptocurrencies come with a mix of exhilaration, invention, emergence, anxiety, curio deoxyadenosine monophosphate well as huge profits, but investors need to be cautious. One must learn the technologies the person is investing in and strongly back the fundamental fundamentals, experts said.Apart from India, several countries are attempting to bring in regulations and this could mature the cryptocurrency grocery store in the coming years. “ With regulative guidelines, investors would be more comfortable investing their money, and companies would be more comfortable starting businesses revolving around cryptos and blockchain, ” said Patel of Mudrex.Everyone wants to ride the crypto wave but the concern of missing out the call up might be destructive for investors. Crypto is a raw so far advanced engineering but good a partially of a bigger economic boost that blockchain offers for fiscal activities. “ We have successfully placed a footing in the indian grocery store, with growth of more than 3,000 per cent in the stopping point one quarter, ” Ahuja added. “ We are seeing increasing awareness and appetite for digital assets from both institutional and retail investors. ”

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