- The cryptocurrency industry has received an overwhelming response from investors in 2021.
- Most crypto tokens have witnessed frenzy buying this year which helped them to grow by multiple folds.
- A few blockchain-powered currencies have observed an astonishing rise of four-digit year-to-date.
The crypto market has been soaring to new highs on the back of mainstream investor acceptance. Hedge fund managers have also joined the crypto tribe, and so have institutional investors.
The frenzy buying in some popular crypto tokens has sent them 1,000 per cent up in 2021.
Here are the top 10 crypto tokens that have delivered as much as four-digit return this year.
- Dogecoin (DOGE)
Dogecoin is also known as a dog meme token. Its native crypto is DOGE, which was trading at US$ 0.2865 apiece on Friday, August 27.
Doge rocketed by 8613 per cent in the last one year, with a supply of over 130 billion DOGE tokens.
The meme coin ranks at seventh position.
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- Decentraland (MANA)
The decentralized project enables creators to produce and earn through their virtual reality-based content.
Its native crypto is Mana, which was trading at US$ 0.8281 apiece on August 27.
At the time of writing this, Decentraland had a market cap of over US$ 1.2 billion and ranked at the 89th spot.
- Solana (SOL)
The blockchain protocol offers decentralized applications (DApps) platforms to developers. It follows proof-of-history and proof-of-stake concepts.
Its native token is SOL, which was trading at US$ 82.32 apiece on August 27.
The 10th-ranked crypto token had a market cap of nearly US$ 24 billion with a supply circulation of 290 million SOL tokens.
- Shiba Inu (SHIB)
The Coinbase-listed Shiba Inu is a DOGE rival crypto. It has been created to short Dogecoin to more than half a billion crypto investors.
The meme coin project has also launched its decentralized crypto swapping platform ShibaSwap.
Its native token, SHIB, token almost stated at zero per unit in August 2020. It was trading at US$ 0.00000732 apiece on August 27.
Its noted a circulating supply of nearly 498 trillion SHIBs and ranked at the 44th position among virtual tokens.
- Polygon (MATIC)
The India-based blockchain firm has created a massive buzz in the decentralized finance market in 2021. Its utility coin is MATIC, which is placed among the top 20 blockchain-powered coins.
Polygon’s native coin was trading at US$ 1.5 on August 27, with a market cap of nearly US$ 9.7 billion. Its had a circulation of 6.4 billion MATIC tokens.
Shark Tank’s billionaire entrepreneur Mark Cuban holds MATIC tokens, as per his June dated tweet.
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- Wazix (WRX)
Binance-acquired WazirX reported unprecedented volume trading in cryptocurrencies in the first half of 2021.
Its utility token, WRZ, had risen to US$ 1.44 apiece as on August 27.
The crypto trading platform had a circulating supply of nearly 453 million, with a market cap of US$ 655 million.
The Binance Smart Chain network-based token ranks at the 130th spot among cryptocurrencies. WazirX reported having 6.5 million active users on its platform as of June 2021.
- Terra (LUNA)
Launched in 2019, Terra provides quick settlement in fiat-pegged stablecoins. It works on the store of value concept.
LUNA is the utility token of Terra, which was trading at US$ 31.37 apiece on August 27. The token holders can easily swap between LUNA and stablecoins at reasonable rates.
LUNA’s market cap was nearly US$ 13 billion, while its circulation was around 403 million tokens.
- BitTorrent (BTT)
The decentralized file-sharing platform holds a 0.15 per cent share in the crypto space. Torrent is known for its entertainment content storage.
Its TRON-based TRC-10 native token has witnessed a remarkable rise to US$ 0.00417683 apiece, as on August 27.
The blockchain network held a market cap of nearly US$ 3 billion on this day.
Private crypto key (Copyright © 2021 Kalkine Media)
- Constellation (DAG)
Constellation is an open-sourced network where blockchain developers can build crypto or decentralized applications. The blockchain platform charges its users in its native coin DAG.
DAG was trading at US$ 0.4209 apiece on August 27.
The 96th-ranked cryptocurrency held a market cap of over US$ 1 billion.
- Fantom (FTM)
Fantom maintains smart-contract platforms by enhancing their transactions. The DeFi project is developed over Ethereum’s blockchain.
It works on the proof-of-stake (PoS) consensus to improve decentralized technology-based enterprises’ payment flow. Its utility coin is FTM.
The 90th-ranked coin was trading at US$ 0.4736 apiece on August 27.
In addition to traditional investors, retail traders with no experience in the stock market or fixed income investing have also thrown their money into the crypto market this year. While some options may seem lucrative, it is advised that investors thoroughly investigate cryptos before investing.