During the bull market of 2021, not all digital assets have had positive price movements
Latest crypto news, the year 2021 has unquestionably been a bull market, with Bitcoin (BTC) reaching new all-time highs on multiple occasions this year. However, not all cryptocurrency assets have performed in the same way. Despite the fact that the majority of investors have benefited from price increases, there have been some losers.
Overall, the total crypto market capitalization has increased by 190 percent since the beginning of 2021, rising from just under $800 million at the time to more than $2.3 trillion now. In early November, it reached an all-time high of slightly more than $3 trillion.
Since the beginning of the year, Dogecoin’s value has surged, thanks in large part to Elon Musk’s snoopy social media posts. DOGE was trading at just $0.004 on New Year’s Day, and it was virtually ignored by the majority of cryptocurrency traders. Following the first of what would be a series of subsequent Elon pumps, DOGE had its first minor uptick in February of this year.
DOGE prices took a wild journey in April and May, soaring more than 1,100 percent to an all-time high of $0.731 on May 8, propelling the cryptocurrency up the cryptocurrency market capitalization charts to the fourth position in the world.
This year has also been a banner year for the Solana native token for the corporate blockchain, which has seen significant increases. SOL was trading for slightly more than $150 at the time of writing, a significant increase from its $1.52 price at the beginning of 2021. In less than a year, this is an incredible increase of more than 9,800 percent.
While SOL reached a new all-time high of $260 in early November, the stock has since fallen as the stock market began to drop late in the year. After reaching fourth place in the market capitalization statistics, SOL has dropped to fifth place as a result of the big shift. Over the course of the year, SOL has gained 6,473 percent in value relative to BTC.
Terra, the native token for the decentralized financial payment network Terra, has also momentarily entered the top ten cryptocurrency rankings. To begin the year, LUNA traded about $0.65 and was relatively unknown to the majority of popular retail traders.
LUNA’s price was raised in March and May, but it wasn’t until August that the stock truly took off, reaching an all-time high of $77.73 on December 5 as a result of a major pump. At the time of writing, LUNA had increased in value by an incredible 8,515 percent since the beginning of the year, according to CoinMarketCap. In terms of satoshi, the value of LUNA has climbed by 5,815 percent this year when compared to BTC.