Products: Biggest Crypto Market and Losers in 2021

The cryptocurrency and blockchain markets are experiencing explosive growth in 2021, especially in the areas of decentralized (DeFi) and non-homogeneous (NFT) financial tokens.

Features of this year also include constant price fluctuations, major developments in Central America, growing corporate interest, and the rise of some faster contracts. All of these are considered in this year's industry “winners and losers”. .

Winner 2021

Kazakhstan

When China succeeded in banning the bitcoin mining industry in May 2021, Kazakhstan quickly made a difference, allowing migrants and others to invest in cheap and sufficient electronics. Several companies operate in Central Asian countries, including five cryptocurrency mining companies operated by BIT Mining.

In July 2021, the average monthly share of electricity in Kazakhstan was 18.1%. In other words, according to the Cambridge Alternative Finance Center, it accounts for nearly a fifth of global bitcoin mining production, just behind the United States (42.7%). Compared to the data of 1.4% in September 2019, this is a surprising growth.

It will also be seen whether Kazakhstan can control its global distribution of Bitcoin mining in 2022, warning that Kazakhstan faces severe electricity shortages as winter approaches.

coinbase

Coinbase Global, the largest cryptocurrency exchange in the United States, was listed on NASDAQ on April 14, making it the first cryptocurrency company listed on the U.S. stock exchange. The day's closing value was $ 32,828 and the market cap was $ 86 billion. However, the value of the company's shares continued to decline until the end of the year, keeping it strong at $ 243.35 on December 18, with a market cap of $ 52.37 billion.

The names of Coinbase are widely regarded as another symbol of the passage of cryptocurrencies to the masses and many public offerings. “Coinbase will become the leader of the entire blockchain community in the open market,” Kavita Gupta, managing director of the Delta Growth Fund, told Cointelegraph.

Solana

2021 marks the start of a new wave of smart contracts. One of the largest and fastest growing is Solana, a proven ultra-fast network from the outset that reportedly performs 50,000 operations per second. In comparison, Ethereum can only make 30 transactions per second.

Ryan Selkis of Messari said: "There will never be a project in cryptocurrency history more popular and faster than Solana in 2021." This open source blockchain has been refused several times, but more and more NFT and DeFi operations. As of December 20, Solona's public cryptocurrency, SOL, easily ranked fifth among all cryptocurrencies, behind BTC, ETH, BNB and USDT, according to data from Cointelegraph Markets Pro.

Naive Bukele / Salvador

El Salvador made history by becoming the first country to announce Bitcoin as an executive order in 2021. The country's strongest president, Nayib Bukele, was passionate about the crypto world for what he did. It uses the power of the volcano to supply the country with BTC, the air drops $ 30 BTC for seniors across the country, and launches Bitcoin City, a fully operational city around Bitcoin in late November. City) announced the launch.

Only time will tell how all of this affects the “winning” economy for the Salvadoran people. But it can be said that Bukele's decline, bringing 21st century innovation and sparkle to this impoverished region of Central America, relied heavily on remittances. Remittances refer to remittances from foreign workers.

Mike Winkelmann, also known as the Beeple

In February of this year, Christie's, the first major retailer to offer beautiful artwork using the NFT logo, sold the digital collage for free. No one knows how to quote. "Everyday: The First 5000 Days" by Mike Winkelmann (aka Beeple) sold for $ 69.3 million, and the art world will never see anything like it again.

The sale price of this work exceeded Georges Seurat, Paul Gauain, and Salvador Dalí, and David Hockney and Jeff Koons of the unknown beeple made him one of the highest paid actors in the world. It also informs the world outside the crypto world that inhomogeneous tokens will be a force that cannot be ignored. In 2021, NFT's sales skyrocketed, and finally, in November, publisher Collins picked "NFT" as "word of the year."

Avalanche is another fast-paced contract that will be in the top 10 in 2021. CoinGecko said: "Solana and Avalanche are the new stars of DeFi Multichain." Their total fixed price (TVL) market share was 6% and 2%, respectively, in the third quarter. This TVL growth was funded by Ethereum, which hosted almost all DeFi TVLs (99%) at the start of the year. By comparison, at the end of the third quarter, Ethereum's TVL share was 76%.

AVAX, Avalanche's traditional earnings, ranked 10th with a market value of $ 27.3 billion at the end of December last year, as Deloitte agreed to strengthen the Federal Reserve's stake emergency management (FEA) and business consultations.

Sam Bankman Pride / FTX

In 2021, Sam Bankman-Fried was declared "the richest man in cryptocurrency" because of his stakes in FTX, the financial exchange he created in 2019.

According to data from CoinGecko, by the end of 2021, FTX had become the second largest cryptocurrency derivatives exchange after Binance (Futures). Messari called FTX “the biggest company to date,” warning that Bankman-Fried had formed a $ 25 billion company with fewer than 100 employees in less than three years.

With the participation of SoftBank (SoftBank), Sequoia Capital (Sequoia Capital), Coinbase Ventures, Multicoin, VanEck and the Paul Tudor Jones family, FTX achieved sales of $ 900 million in July. $ 1.2 billion rose to $ 18 billion. Conflict. FTX received the long-term naming rights for the Miami Heat NBA Basketball Stadium in June of this year.

open sea

The NFT phenomenon is ideal for digital artists, where they can sell their work without an agent or a physical body, while still needing digital marketing. OpenSea is a pioneer in the art of NFT, as a leader in the NFT industry and one of the biggest winners of the year.

According to data from Cointelegraph Consulting, OpenSea pays 2.5% for all platform sales, which is a small percentage, but by August 2021, OpenSea had generated significant revenue of $ 79 million. As of November of this year, the company had a turnover of more than 235 million dollars. In December, the situation had not changed much. Messari said that "The importance of the NFT industry in the world is making more money," Messari said.

FNB ProShares

In mid-October, the first Bitcoin exchange rate (ETF) approved by the United States Securities and Exchange Commission (SEC) was launched, overcoming some hurdles. The ProShares Bitcoin Strategic ETF (BITO) listed on the New York Stock Exchange on day one, making it the second highest open currency in history.

The Winkelvoss ETF was the first fund to be rejected by the US SEC in 2013, but some still view this fund as a term ETF. Bitcoin (BTC). The US SEC has clearly identified two levels of regulatory protection, in the joint supervision of the Commodity Futures Market (CFTC) and the US SEC. A few weeks later, the US SEC confirmed this by rejecting VanEck's application for an ETF. .

fell in 2021

Meta (DM)

Facebook's (now Diem) Libra Stabilitycoin project announced with happy fans that it has a good affiliate team in 2019, but the project has been delayed and demoted. Today, people rarely hear from Diem except when he goes out. Dante Disparte, for example, left Diem to take the tour and recently announced that David Marcus, head of the cryptocurrency industry, will be leaving the company at the end of the year.

Facebook changed its name to Meta, which has been criticized by US lawmakers for its “interference” with the media, and its stable position, which was originally scheduled to begin before 2021, can be devastating. However, it is not very clear. The New York Times reported that "Libra cryptocurrency was eventually renamed Diem, and the company's commitment to crypto wallets was renamed Novi. Inside. Exceptions."

Central Bank of Nigeria

In February of this year, the Central Bank of Nigeria (CBN) ordered all regional banks to close the accounts of consumers of cryptocurrencies. The president of the CBN said most crypto funds are used to finance "illegal" activities such as financial transactions and terrorism.

Nigeria plans to announce a digital financial institution like China soon, so that CBN can follow China's lead and make all cryptocurrency markets competitive before CBDCs can start. If so, the effort was unsuccessful.

Not only is the cryptocurrency alive, but as of August Nigeria had the second largest peer-to-peer bitcoin exchange market in the world.

Virgil Griffiths

There was a time when Virgil Griffith was a celebrity in the cryptocurrency world. A former Ethereum developer and US citizen traveled to North Korea to attend a cryptocurrency conference in early 2019. In November of the same year, he was arrested in Los Angeles for breaking US law. on sanctions.

Ethereum co-founder Vitalik Buterin said at the time: "I don't think Virgil's performance helped North Korea do anything wrong."

Prior to his September 2021 criminal attempts, according to the Wall Street Journal, Griffiths "confessed to crimes in the United States and traveled to North Korea to discuss the economic and financial practices of blockchain technology to avoid sanctions." Under the contractual agreement, he can be jailed for up to six years and six months in prison. He wasn't sure what had motivated him to change his confession.

Steel Financial (TITAN)

Using other USDC securities and Unknown Token Management (TITAN) tokens as commodities for securities like IRON would not be a good idea. In this case, the result is called "the world's first large-scale cryptocurrency market bank," specifically the completion of the Iron Finance contract. Results: At the end of June, TITAN prices went from over $ 60 to thousands of cents an hour.

CipherTrace later said the incident was the result of a crisis: "The iron. Financial insecurity." But at the same time, some investors, including Dallas Mavericks owner Mark Cuban (Mark Cuban), suffered heavy losses, he called. It determines "what is stable and what the guarantee allows" for supervision. On December 20, ICE was trading around $ 0.002.