The year 2021 can be said to be the heyday of crypto assets. This is indicated by the performance of the largest cryptocurrency Bitcoin (BTC) which has successfully touched all-time highs this year. Then, what crypto coins are the most popular this year?
Launching Cointelegraph, Monday (12/27/2021), since the beginning of this year, the market cap of the crypto market has soared 190% from below US$800 million or equivalent to Rp. 11.44 trillion (assuming an exchange rate of Rp. 14,300). /US$) to US$ 2.3 trillion (Rp 33 thousand trillion).
In fact, at the beginning of last November, the total market cap of the crypto market touched an all-time high of over US$ 3 trillion.
The top 10 cryptocurrencies with the largest market cap (big cap) look a little different from their position on January 1, 2021, when they contained Litecoin (LTC), Chainlink (LINK), and Bitcoin Cash (BCH). The trio eventually dropped out of the top 10 and were replaced by Solana (SOL), USD Coin (USDC), and Terra (LUNA) later this year.
Dogecoin (DOGE)
DOGE managed to soar high this year, thanks to a tweet from Tesla CEO Elon Musk on his personal Twitter account. On New Year’s Eve, the DOGE price was still at US$ 0.004. At that time, Dogecoin was not a ‘toy’ for crypto investors.
Then, in February, DOGE began to soar as Elon Musk’s ‘pom-pom’ action tweeted.
To be precise, on February 4, 2021, Elon sent a series of tweets proclaiming his love for DOGE, which then sent the price of the cryptocurrency soaring almost 10% in an hour and more than 50% in a day.
At the same time, DOGE’s price spike got wilder in April and May when the coin with the Japanese Dog logo rocketed 1.100% to an all-time high of US$ 0.731 on May 8, 2021. As a result, at that time DOGE immediately took fourth place in terms of market cap. .
Musk’s remarks about the use of DOGE as a payment network in June helped create a ‘new chapter’ of hype around memecoin, a crypto asset inspired by internet memes.
DOGE actually had a chance to jump from the pom-pom action since May, both against Bitcoin and USD.
However, thanks to DOGE’s notoriety in mainstream media, plus the coin’s entry on major crypto exchange platforms, it’s still given the Shiba Inu dog-inspired meme coin a monumental gain of 3,800% so far this year.