Although Bitcoin closes 2021 under $50,000, a number of altcoin projects that managed to break into the top 10 in the market capitalization rankings are surprising with their enormous profit rates. Let’s take a look at the profit rates for 2021 according to Watcher.Guru data.
2021 performances of altcoin projects
At the top of the list, half of its total supply (410 trillion SHIBs) is “gifted” to Ethereum founder Vitalik Buterin and the year is 50%. Shiba Inu (SHIB), which closed with a profit rate of more than 1,000,000. Second-place play-and-play NFT platform Axie Infinity (AXS) broke the first news of its metaverse paddle in June, closing the year over 18,000%. The Sandbox (SAND) was the last quarter representative of metaverse coins. With its 16,000% paddling, the SAND token first garnered investor attention with the hype around Facebook’s rebranding as “Meta”, then confirmed it’s aiming for the top with a series of bombshell partnerships throughout the year. Further down the list are Terra (LUNA), which provides liquidity to stablecoins, and Polygon (MATIC), the Ethereum scaling solution. Solana (SOL) is the last altcoin project that closed 2021 with a performance of 13,232% above 10,000%. While Bitcoin, which closed the year with 90% profit, is in the last place, the 2021 table of altcoin projects from MANA to XRP is as follows.
Shiba Inu preparing for DOGGY DAO
Kriptokoin.com , the developer team behind Shiba Inu (SHIB) announced in a new blog post that it will launch a Shiba-owned DAO. In the beta version of the DAO called “DAO 1”, users will decide how to distribute their token rewards among various liquidity pools. Next, a new DAO called DAO 2 will allow users to make general recommendations regarding the development of the project.