353

Primarily driven by tweets from Elon Musk and other celebrities, Dogecoin has become one of the top 10 cryptocurrencies by market cap this year. Even the harshest Dogecoin critics cannot deny that the coin’s price is performing well. The price of DOGE, which started as a joke in 2013, has increased by over 5,000 percent since the beginning of this year. However, Dogecoin isn’t the only cryptocurrency that delivers meteoric returns. Here are a total of four cryptocurrencies that have outperformed DOGE since the beginning of the year and outperformed DOGE since launch.

2 cryptocurrencies outperforming DOGE since the beginning of the year

Axie Infinity (AXS): 8%. 019 increase

Axie Infinity is a win-to-play cryptocurrency game that has become popular in many developing countries such as the Philippines and Vietnam. Players can use Axies (unique digital collectibles) to breed, complete quests and fight. Prizes earned in the game can be used to further develop an Axies alliance or can be sold on a crypto exchange. The power of the “play to win” concept has become so popular that some people quit their day jobs to spend more time with Axie.

Polygon (MATIC): 6%. 310 increase

This year, crypto developers have struggled with congestion and high fees on the Ethereum platform. The majority of decentralized applications (dApps) are built on the Ethereum platform. Therefore, anything that reduces ücredollarser and congestion is likely to be in demand. Polygon did exactly that. Polygon doesn’t offer a single way to scale better. It combines different solutions so that developers can choose the most suitable for them.

2 cryptos that have outperformed DOGE since launch

Ethereum (ETH): 114% since launch. increased by 268

Ethereum is the second largest cryptocurrency by market capitalization and the first programmable blockchain. Vitalik Buterin, the creator of Ethereum, introduced small pieces of code called smart contracts to the blockchain. These upgraded the network’s database from a ledger that stores information to a ledger that stores bits of code and runs applications. There are almost 3,000 dApps on the Ethereum network.

Bitcoin (BTC): 57% since launch. 956. 200 increased

Bitcoin is the father of cryptocurrencies and needs little introduction. When it was first traded in July 2010, 1 BTC was $0.0008, but by the end of the month the price had risen to $0.08. Many see Bitcoin as digital gold because it sees its potential as a digital store of value. A store of value is something that retains its value and does not depreciate over time. The hard part about treating Bitcoin as a store of value is that it’s still highly volatile – the price is almost 60% in the last 11 years. It may have increased by 100,000,000, but this year it has almost halved between April and July.


Like it? Share with your friends!

353
Michael Lewis

0 Comments

Your email address will not be published. Required fields are marked *