This Year's Cryptocurrency Market Winners and Losers

2021 has been a bull year. Since the beginning of the year, the total capitalization of the cryptocurrency market has increased by 190% from just under $800 million to over $2.3 trillion today. At the beginning of November, that value was as much as $3 trillion. Which projects did the best and which ones did the worst?

The year 2021 has been fruitful for the cryptocurrency market. Since the beginning of the year, the total capitalization of the cryptocurrency market has increased by 190% from just under $800 million to over $2.3 trillion today. At the beginning of November, that value was as much as $3 trillion.

Some projects have done exceptionally well, while others have failed to live up to expectations. Here's a look at the biggest winners and losers of 2021.

Biggest winners

* **Dogecoin (DOGE)**: Dogecoin has skyrocketed this year, fueled largely by Elon Musk’s social media posts. In early January, DOGE was worth just $0.004. In the spring, it was as high as $0.731.

* **Solana (SOL)**: The native token for the enterprise blockchain Solana has also seen a record price jump this year. At the beginning of 2021, SOL was trading at just $1.52, at the time of writing it is over $150.

* **Terra (LUNA)**: Native token for decentralized financial payments network Terra also briefly entered the top ten largest cryptocurrencies by capitalization. LUNA initially traded at $0.65. The price began to rise in the spring. It currently sits at around $100.

Other cryptocurrencies that have seen impressive growth this year include AVAX Avalanche, which increased by 2330% in a year, MATIC Polygon, which has gone up in price by over 12,000%, and Binance Coin (BNB), which has grown by 1,271% this year.

Biggest losers

* **Internet Computer Infinity (ICP)**: Internet Computer Dfinity promised a revolution in the web. It would replace the outdated internet and computing industry by allowing programmers to install their code directly onto the “public internet” without having to rely on third-party hosting companies.

* **EOS (EOS)**: Once a cryptocurrency that was supposed to beat ether on the chart, and its technology would make Ethereum creators feel inferior. However, EOS fell out of the top ten projects with the largest market capitalization in January. The price of EOS gained only a paltry 15% in a year.

* **Monero (XMR)**: Privacy-focused cryptocurrency Monero has also fallen sharply on the market cap charts this year, as many major exchanges have delisted digital assets that offer anonymity.

To put these gains and losses into perspective, Bitcoin is up 67.5% year to date, while Ethereum is up 440%.

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