Cryptocurrencies “mooned” in 2021. Not only did the major cryptocurrencies hit all-time highs but the interest and adoption of cryptocurrencies also skyrocketed. Below are the digital assets that stood out more than their peers.
|Name||ROI Year-to-Date (%)||Market Capitalization (USD)||Daily Trading Volume (USD)||Price (USD)||Community Size (Measured by Twitter Followers)||Score|
|Gala Games (GALA)||44619.56%||3,194,270,648||384,299,862||$0.45||253,000||4.5|
|Axie Infinity (AXS)||15711.39%||5,722,494,765||187,706,566||$94.38||822,000||4.0|
|The Sandbox (SAND)||15917.70%||5,471,449,885||933,784,731||$5.89||706,000||4.0|
Gala Games (GALA)
- ROI: 44619.56%
- Market Cap: $3,194,270,648
- Price: $0.45
GALA is the token that powers Gala Games, a blockchain gaming platform using the play-to-earn model. GALA serves as the medium of exchange between Gala Games players. 2021 was a great year for many gaming tokens, and GALA led the pack with price growth of over 40,000%. A substantial part of this growth came late in 2021 after it was listed on major cryptocurrency exchanges such as Binance and Coinbase. GALA is trying to remodel blockchain gaming by giving its players more control while creating a platform that’s fun to play. (BMJ Score: 4.5)
Axie Infinity (AXS)
- ROI: 15711.39%
- Market Cap: $5,722,494,765
- Price: $94.38
Axie Infinity is an NFT-based online strategy game built on the Ethereum blockchain. The game is inspired by the famous Pokémon series: players can raise, collect, battle, and sell digital pets called Axies for profit. In 2021 Axie had a meteoric rise in revenue and managed to surpass the $1 billion mark before the end of the year.
Axie Infinity’s bull run in 2021 saw AXS hitting an all-time high at $160. Its impressive rally of over 16,000% since January makes it one of the top cryptocurrencies of 2021. (BMJ Score: 4.0)
The Sandbox (SAND)
- ROI: 15917.70%
- Market Cap: 5,471,449,885
- Price: $5.89
The Sandbox is a virtual metaverse based on the Ethereum blockchain that allows players to build, own and monetize 3D NFT-based games. The Sandbox was initially a mobile game but was later acquired by Animaco Brand, a blockchain game software company. They then transformed it into a decentralized 3D free-to-play game.
SAND kicked off the year at $0.037 and went on to trade just below $1 for the following months up until Facebook’s metaverse announcement on October 29th. Its price then shot up until it hit its all-time high at $8, a month later. This strong finish by SAND saw it amass a 16,000% price increase in 12 months. (BMJ Score: 4.0)
- ROI: 14087.91%
- Market Cap: 18,072,188,191
- Price: $2.53
Polygon is a layer-2 scaling solution for Ethereum, meaning it allows transactions to be conducted off the main network. It is also a platform where developers can launch their decentralized applications and blockchains. First, as a layer-2 scaling solution, Polygon reduces transaction fees and significantly increases the speed of transactions. Second, as a platform, Polygon powers some of the most popular decentralized applications such as Sushiswap and Aave.
MATIC powers and serves as the utility token for Polygon. MATIC currently features in the top 20 list of cryptocurrencies by market capitalization. It was trading at $0.02 at the beginning of the year and went on to hit its all-time high at $2.92 toward the end of the year. (BMJ Score: 3.5)
- ROI: 13060.90%
- Market Cap: 32,339,597,095
- Price: $89.79
Terra is a blockchain payment platform for fiat-pegged stablecoins. Terra’s protocol is designed to maintain the price of the Terra stablecoin by keeping up the balance between its supply and demand. Hence payments on Terra do not fluctuate with the crypto market. Terra operates on the Cosmos blockchain, which offers faster transactions and lower transaction fees compared to the Ethereum network.
LUNA is Terra’s native cryptocurrency that provides liquidity to the platform and absorbs the volatility of Terra’s stablecoin. LUNA’s price skyrocketed in the last month of the year hitting its all-time high at $99.72. (BMJ Score: 3.5)
- ROI: 9144.91%
- Market Cap: $54,311,741,066
- Price: $176.16
Solana is a smart contract blockchain designed to facilitate DApp (Decentralized App) creation. It uses a combination of Proof of Stake (PoS) and Proof of History (PoH) consensus mechanisms to process transactions quicker. Additionally, Solana’s transaction fees are 99% lower than Ethereum’s. This makes it one of Ethereum’s biggest competitors.
SOL currently sits at 5th as the most popular cryptocurrency in terms of market capitalization. It kicked off the year at just over $1 and hit an all-time high at $258 in early November. (BMJ Score: 3.5)
Best Performing Cryptos in 2022
It was a busy year for crypto: bitcoin and major altcoins hit their all-time highs, the NFT industry bloomed, and the industry saw long-awaited breakthroughs like the first bitcoin-linked ETF.
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