5 Best Performing Cryptocurrencies of 2021

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In this article, we discuss the 5 best performing cryptocurrencies of 2021. If you want our detailed analysis of the crypto market, go directly to 10 Best Performing Cryptocurrencies of 2021

5. Solana (SOL)

Gain in Price in 2021: 9155.43%

Solana is a public blockchain platform that uses proof-of-stake and proof-of-history mechanisms that enable reliable and scalable DeFi transactions without compromising on decentralization and safety. Solana was launched in March 2020. The platform’s native token is called SOL. 

Solana, which returned 9155.43% in 2021, allows incredibly short processing times and lower fees as compared to market rivals. SOL has attracted a lot of interest from small-time users, enterprise customers, and institutional investors. 

The launch of the Degenerate Ape NFT on August 16, 2021 sent SOL’s price soaring, which primarily occurred due to higher developer activity on the Solana ecosystem. SOL’S price reached an all-time high of $216 on September 9, 2021.

On June 24, 2021, Swiss-based firm Digital Assets AG announced that it will tokenize multiple stocks such as Tesla, Inc. (NASDAQ:TSLA), Meta Platforms, Inc. (NASDAQ:FB), and Alphabet Inc. (NASDAQ:GOOG) on the Solana network, which increased the buzz around the coin.

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