It would be an understatement to say that 2021 has been a crazy year for cryptocurrencies. Bitcoin has soared to new heights and also gained full legitimacy in a country. Meanwhile, meme tokens such as Shiba Inu and Dogecoin have turned out to be no joke but mind-blowing gains. The number of altcoins has grown to over 16,000 and the overall market cap has reached $3 trillion at one point. The most expensive digital artwork in history sold for $69 million and stunned the art world. At Kriptokoin.com we take a look at the five craziest crypto moments in 2021.
Craziest moments for bitcoin and altcoin projects
- El Salvador’s 40-year-old president, Nayib Bukele, first appeared during the Bitcoin 2021 Conference in Miami in June Bitcoin came up with the idea of making legal money. Then, in September, El Salvador became the first country to make Bitcoin a legal currency.
- Dogecoin started in 2013 as a joke. But thanks to random spikes from staunch advocates like Elon Musk, it has made its way into the top 10 cryptos by market cap in 2021.
- Shiba Inu, who declared Ken the Dogecoin killer, appeared out of nowhere and broke into the top 10, at one point surpassing Dogecoin’s market cap. Created in August 2020, the Shiba Inu has seen an astronomical rally thanks in large part to the Shib Army, an over-enthusiastic investor group backing the token.
- In March, artist Mike Winkelmann, better known as Beeple, sold the most expensive digital artwork in history. The ‘Everyday: The First 5,000 Days’ NFT, which includes 5,000 days of work, won $69.3 million at auction.
- A decentralized autonomous organization raised approximately $46 million in November to purchase an extremely rare edition of the US Constitution. The DAO came very close to winning the Sotheby’s auction until Citadel CEO Ken Griffin smashed his hopes and bought it for himself.