How top 15 cryptocurrency prices changed for long-term investors (hodlers) in 2021

The 15 best cryptocurrency prices in 2021: Almost all major crypto assets generated big returns for investors in 2021. Despite extreme volatility in crypto markets throughout the year, long-term investors (hodlers) have made significant gains this year.

Bitcoin, which is also known as the digital equivalent of gold, remained the top crypto asset by market capitalization. Even when there were several occasions during the year, when the price of Bitcoin witnessed sharp drops, it seems that it will end the year at a high level compared to its price at the beginning of the year.

According to the data available at the time of writing this report on CoinmarketCap, the price of Bitcoin on January 1, 2021 was $ 29,131. Its current price is $ 49,104. This shows that an investor's wealth would have grown by 68.56% if they had remained invested in Bitcoin since the beginning of the year.

Other cryptocurrency prices

The prices of several other currencies have literally skyrocketed.

The price of Binance Coin, which is listed as the third largest crypto asset on CoinmarketCap, increased 1292% from just $ 38 on January 1, 2021 to $ 543 on December 16, 2021.

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During the same period, the price of the Indian Polygon of Crypto Assets (MATIC) jumped 13263.3% from $ 0.01781 to $ 2.38.

The price of Avalanche Coin (AVAX), which ranks 10th on CoinmarketCap, jumped 2825% from $ 3.66 to $ 107 from Jan 1, 2021 to Dec 16, 2021 (see chart below to see 15 other major currencies).

Top 15 coins	Price on 01-01-2021	Price on 12-16-2021
Bitcoin (BTC)	$ 29,131	$ 49,104
Ethereum (ETH)	$ 730	$ 4,080
Binance Coin (BNB)	$ 38	$ 543
Tether (USDT)	$ 1	$ 1
Solana (SOL)	$ 1.80	$ 186
Cardano (ADA)	$ 0.17	$ 1.32
Currency USD (USDC)	$ 0.90	$ 1
XRP	$ 0.23	$ 0.83
Polkadot (DOT)	$ 8.30	$ 27.54
Avalanche (AVAX)	$ 3.66	$ 107.05
Earth (MOON)	$ 0.64	$ 65.23
Dogecoin (DOGE)	$ 0.005685	$ 0.18
Shiba Inu (SHIB)	$ 0.000000000001	$ 0.00003405
Polygon (MATIC)	$ 0.01781	$ 2.38
Crypto.com (CRO)	$ 0.059	0.57

Several Indian exchanges also reported a massive increase in trading volumes this year. Leading cryptocurrency exchange WazirX reported a record trading volume of more than $ 43 billion in 2021, a growth of 1735% from 2020. The exchange also saw a significant increase in user subscriptions and crossed a user base. of 10 million.

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Bitcoin (BTC), Tether (USDT), Shiba Inu (SHIB), Dogecoin (DOGE), WazirX Token (WRX) and Matic (MATIC) were the most traded cryptocurrencies on the WazirX exchange this year.

Will the astronomical jumps in cryptocurrency prices continue?

It's true that the prices of various crypto assets experienced massive jumps in 2021. But the trend may not be the same next year. Experts are of the opinion that prices may stabilize next year with increasing maturity in the crypto markets.

Meanwhile, the Government of India also plans to soon introduce a bill to regulate crypto assets and exchanges operating in the country. Crypto laws are expected to help eliminate various uncertainties for investors.

(Cryptocurrencies are unregulated assets in India. Investing in them could be risky. Consult your financial advisor before investing in cryptocurrencies.)