The Fintech Times has analysed the top 10 biggest cryptocurrencies of 2021 and looked at their years in review, looking at both the positive and n but which cryptos have seen the biggest growth since 2020?
BrokerChooser analysed the search volume and value increases of top cryptocurrencies to reveal the best performing coins and tokens in 2021, revealing which $10 investment a year ago would be worth over $200,000 today.
Greatest increase in popularity
Starting by looking at Google search data, here are the cryptocurrencies that saw their number of searches surge the most between September 2020 and 2021.
1. Shiba Inu
Sept 2020 searches: 70
Sept 2021 searches: 1.5 million
Increase: 2.1 million%
Shiba Inu coin (named after the breed of dog that inspired Dogecoin), only debuted in August 2020 and by the following month, hadn’t gained much traction, with just 70 Google searches in September 2020. But, much like Dogecoin, its popularity has exploded in the last year, with 1.5 million people searching for ‘Shiba Inu coin’ in September 2021, an incredible increase of 2.1 million%.
Sept 2020 searches: 90
Sept 2021 searches: 90,500
Polygon (formerly known as Matic Network) is an Ethereum token that powers the Polygon Network and has experienced a growth in interest of over 100,000% in the last year for the term ‘Polygon crypto’. Polygon and other similar tokens have experienced a huge upswing as the Ethereum blockchain sees record usage.
Sept 2020 searches: 320
Sept 2021 searches: 18,100
While its overall interest might not be as high as either Shiba Inu or Polygon yet, the cryptocurrency with the third-highest increase in popularity is Terra, with searches for ‘Terra crypto’ going up by over 5,000% in the course of a year. Terra is a so-called ‘stablecoin’ which means that it is intended to offer more predictable prices than the likes of Bitcoin, which are notoriously volatile.
Greatest increase in price
1. Shiba Inu
Sept 2020 price: $0.0000000003
Sept 2021 price: $0.0000072
Increase: 2.4 million %
As was the case when it came to search interest, Shiba Inu coin had by far the greatest increase when it came to its actual price, despite the fact that the actual price of an individual coin is incredibly low. One Shiba Inu coin was worth a minuscule $0.0000000003 in September 2020 but had increased to $0.0000072 a year later. It may seem like that isn’t such a great increase but it actually equates to 2.4 million%, meaning that if you had invested just $10 in the currency in September 2020 you’d have over $200,000 just 12 months down the line.
However, despite seeing both its popularity and price skyrocket, the value of Shiba Inu has started to decline in recent days, sparking fears that an anonymous billionaire could be set to sell trillions of Shiba Inu coins, making it a considerably more risky proposition than it was a couple of weeks ago.
Sept 2020 price: $0.003
Sept 2021 price: $0.29
In second place behind its fellow ‘memecoin’ is Dogecoin, and was envisaged as being a light-hearted and fun cryptocurrency to poke fun at the emerging world of crypto, that ended up building its own community and taking off in a huge way, particularly after being frequently mentioned by Elon Musk on social media. Since September 2020, Dogecoin saw its price increase by around 9,500% in 12 months.
Sept 2020 price: $0.48
Sept 2021 price: $31.66
As with search increase, Terra was also the cryptocurrency with the third-highest increase when it came to its price, rising from $0.48 to $31.66 between September of 2020 and 2021. Terra’s price exploded in January when it raised $25 million in a funding round from Galaxy Digital, Coinbase Ventures, Pantera Capital, and others.
Biggest growing tokens