After a rough start in the second quarter of the year, caused by the crypto price crash and regulatory concerns in China, the global crypto market recovered significantly in the second half of the year. The world’s leading crypto coins continued growing rapidly in the last three months, with some of them reaching record valuations.
According to data presented by Block Arabia, some digital coins witnessed almost thirty times bigger price growth than the world’s leading cryptos, Bitcoin or Ethereum. Here is the complete list of the cryptocurrencies with the most significant price increase since the beginning of 2021.
Solana, Dogecoin, and Cardano the Only Cryptos with a Four-Digit YTD Price Growth
The CoinMarketCap data showed Solana was the fastest growing digital coin in the crypto space this year. Between January and September, the price of the cryptocurrency soared by a staggering 9,087% to $147 this week, which is 28 times the growth rate of Ethereum or 185 times more than the growth of Bitcoin in this period. In the last three months only, the price of the Ethereum competitor surged by a massive 318%, ranking it as the seventh-largest crypto coin by market cap.
Dogecoin follows Solana when it comes to price increase in 2021. In January, a single Dogecoin was worth $0.0052. Since then, the value of the world’s tenth-largest crypto soared by 3,867%, reaching $0.2063. Although this is significantly less than its all-time high of $0.73 in May, Dogecoin still climbed high on the list of the most popular crypto investments, with an impressive investment return. For example, statistics show a $1,000 investment in Dogecoin a year ago would be worth nearly $78,000 today.
Cardano ranked third on the list of cryptos with the biggest YTD price growth. During the last nine months, the valuation of the digital coin soared by an impressive 1,127% to $2.23, driving its market cap to over $70bn and ranking it as the third-largest crypto globally. Also, Cardano was the seventh most-traded crypto in August, with a monthly trading volume of $166.4bn.
Binance Coin’s Price Jumped by 812% YTD, the Fourth-Largest Increase in Crypto Space
Compared to the leading cryptocurrencies, Binance Coin also has a significantly lower price. However, the world’s fifth-largest digital coin with a market cap of $58.5bn follows Cardano’s price growth. Statistics show Binance Coin’s valuation jumped by 812% year-to-date, reaching $350.5 this week.
Ethereum witnessed the fifth-largest price jump this year. After an outstanding performance throughout the last year, the price of the world’s second-largest crypto exploded in 2021. In the first five months only, it soared by nearly 485% and hit an all-time high of $4,300. Although this value more than halved after the crypto price crash in May, Ethereum quickly bounced back. Statistics show a single Ethereum coin was priced at $3,107 as of this week, showing a massive 322% jump since the beginning of the year.
The CoinMarketCap data showed the world’s most expensive digital currency, Bitcoin, witnessed the smallest price increase among the top ten cryptos. Bitcoin’s price rallied over 100% in five months of 2021, helping its market cap hit $1.1trn at the beginning of May. However, by the end of the month, the flagship cryptocurrency fell to more than three-month lows, dropping to about $30,000 at one point.
The unexpected pullback in Bitcoin and other cryptocurrencies came as a flurry of negative headlines and catalysts, from Tesla CEO Elon Musk to a new round of regulations by the Chinese government. Nevertheless, statistics show that Bitcoin’s price hit close to $44,000 this week, a 49% increase YTD.