In March 2020, there was a sharp drop in financial markets, the value of most cryptocurrencies fell. Some investors managed to acquire crypto assets on a drawdown, or invested in new emerging projects, which brought them a good profit a year later. In this article, we will analyze several coins that have demonstrated how their value multiplies in the shortest possible time.
Solana (SOL)
The Solana project gained its popularity in 2021 when the SOL coin surged 3000%. Within a few months, it entered the segment of decentralized finance and non-fungible tokens. In January 2021, the price of the coin was $ 3, and then there was a sharp jump and in October the price is $ 209.
The coin appeared in April 2020 and investors were skeptical about it, but according to experts, the value of the cryptocurrency could reach $ 500 by 2025. Based on this, we can conclude that Solana is a promising project that has an active community and a working product, so the native token will continue to rise in price.
PancakeSwap (CAKE)
The decentralized crypto exchange (DEX) token, which was released in September 2020, has become popular with investors on social media. The value of the coin in early 2021 skyrocketed from $ 0.65 and in May 2021 it reached its all-time high at $ 44. The exchange managed to attract large trading volumes due to low commissions and attractive conditions.
However, now the price of the coin has dropped and it is trading at $ 24, but despite the correction, it is still significantly more expensive than at the beginning of the year. According to experts, in the long term, the CAKE price will reach $ 38 by the end of 2021, $ 86 by the end of 2025 and $ 151 by the end of 2030.
Polygon (MATIC)
Polygon is a second layer network designed to provide additional scalability for Ethereum and improve interoperability between other blockchains. One of the main goals of creating the project was to increase the speed of transactions with minimal fees, which greatly facilitated the life of developers and users of DeFi projects. At the beginning of 2021, the value of the coin was $ 0.01, and in May it rose to $ 2.70, having risen in price by more than 26,000%.
At the end of July 2021, the token suffered from a failure of the stablecoin protocol, based on Polygon, and now the price of MATIC is $ 1.93. The coin is ranked 19th in the ranking by capitalization and the forecast for 2021 for this coin remains generally positive. If crypto investors are able to push the price above the current all-time high of $ 2.70, then it is likely to rise to $ 3.50.
Shiba Inu (SHIB)
In 2021, the joke token has risen in price by 860,000 times, thereby blowing up the Internet with its rapid growth. Dogecoin was the initiator of the Shiba price increase, which helped the token to grow in price greatly in a short time. The main task of the project is to create a decentralized ecosystem, and the first step was the creation of a decentralized exchange ShibaSwap. The peak value of the coin in October 2021 was $ 0.000086250000, up from 0.000000000077 in early January. If at the beginning of January 2021 you invested 1 ruble in a coin, then in October you would have 860 thousand.
As of today, the coin is trading at $ 0.00007381 and growth is expected to continue in 2022. Therefore, Shiba Inu is considered a good token for long-term holders and investors can get good returns in the future.
Bitcoin (BTC)
Bitcoin remains an attractive coin for crypto investors compared to coins that have skyrocketed in price over a short period of time and may soon be forgotten. Over time, BTC has established itself as a promising investment option. In March 2020, the main coin dropped to $ 5,000, and already in October 2021, it renewed its historical maximum at $ 67,000. In a little more than a year, the main cryptocurrency grew 13 times.
Now the value of the main coin of the crypto market is $ 62,000 and, according to experts, bitcoin expects good growth by the end of 2021.
Conclusion
Summing up, we can say that the cryptocurrency market is gaining popularity every year and more and more new serious players appear on the market. In 2021, many coins showed high growth and brought huge profits to investors who invested their funds in them on time. But novice investors, before investing their funds in new coins, are advised to analyze the market and develop a strategy for investing.
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