4 Cryptocurrencies That Delivered Over 1000% ROI In 2021 – Alabian Solutions

Investing in cryptocurrencies is a risky venture, but it’s got the potential to become profitable very quickly.  Crypto investors know this, and for them, that makes it worth the risk. Here are 4 Cryptocurrencies that delivered over 1000% ROI In 2021

Even factoring in the bumpy ride Bitcoin’s had this year, it’s not been an altogether bad year for the crypto market. The aggregate value of all cryptocurrencies has more than tripled to the tune of $2.37 trillion this year. 

Still, some cryptocurrencies have done even better than others in 2021. From January to the early part of December, these four coins have increased in value by more than 1000%. They are:

1.  SHIBA INU (SHIB)

Meme coin Shiba Inu has one of the most incredible single-year-gain in the history of cryptocurrency. It started the year with an opening value of $0.000000000073 per coin. At present, it’s moved forward six decimal places to close at $0.000033 per SHIB. 

Of course, some factors contributed greatly to this massive gain. For one, more crypto exchanges are listing SHIB. This helps to increase both its awareness and liquidity.  Also, coin burn has reduced the supply of SHIB, making each remaining coin scarcer and more valuable. 

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• AXIE INFINITY (AXS)

This is another crypto that has performed exceedingly well in 2021. It is a relatively new NFT-token and is earned by playing a game. Players can collect and raise battle-tokens known as Axies, which can be traded on Binance as an Ethereum-based cryptocurrency.

Players can also exchange in-game assets as NFTs and cash out their tokens every 14 days. In August and September, AXS earned about $342 and 4220 million in revenue. Live AXS market price is $98.25 with a market cap dominance of 0.29%. 

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• SOLANA (SOL)

At the beginning of this year, the value of SOL was around $1.61. Presently, it stands at $182.04. Its proof-of-history protocol has been a contributing factor to this growth. Ideally, validators need to discuss and determine how much time has passed between events. 

But with SOL, the proof-of-history protocol automatically establishes a record of time that has elapsed. Also, SOL’s transactions are cheaper than payments executed on existing infrastructure. 

• THE SANDBOX (SAND)

This is another play-to-earn game token that can be monetized on the Ethereum blockchain. It began this year at a value below $0.04 but currently trades at values of $4.90. 

The main difference between Axie and SAND is that the latter monetizes the metaverse – the hopeful next version of the Internet. It rewards within its ecosystem for creating worlds and interacting with others within them.

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Conclusion

Despite the inherent risks, cryptocurrencies and the blockchain industry are fast-growing. Popular cryptos like Bitcoin and Ethereum are more on a steady plane of growth, as much as the volatility of the industry permits. 

Newer cryptos may not have as much stability and market dominance, but that does not make them any less profitable, at least in the short term. These four cryptos – Shiba, Axie, Solana. The Sandbox – has proved that much.