Several cryptocurrencies have given returns of up to 51,000 per cent in the past year. Bitcoin, the world’s oldest, most popular and largest cryptocurrency.
gave 69 percent returns last year. The crypto market is expected to remain bullish next year as well.
Last year saw a lot of boom in the crypto market. There was an investment of $ 30 billion in digital tokens worldwide and their total market cap reached $3 trillion. Several cryptocurrencies have given returns of up to 51,000 per cent in the past year.
Bitcoin, the world’s oldest, most popular and largest cryptocurrency, gave 69 percent returns last year. The crypto market is expected to remain bullish next year as well.
At the beginning of last year, the price of bitcoin was around $29,000 which is now around $46,000. In early November, its price had crossed $69,000. 13 years old bitcoin is the most expensive cryptocurrency in the world today.
According to www.fxstreet.com, its price can go up by 34 percent this year. But Anthony Cuthbertson of The Independent claims its price could reach as high as $100,000. That is, investors can get double the return on their investment.
Dogecoin
, the favorite cryptocurrency of the world’s biggest rich Elon Musk, is currently at number 12 with a market cap of $23 billion. It started out as a joke but in 2021 it turned $1000 in investors to $32,000. Although there is little hope in this going forward, but analysts say that in 2022 it can grow by about 130 percent.
Floki Inu
Looks like the purpose of MimeCoins is to grab Musk’s attention and Floki is no exception. The Floki Inu was named after Musk’s dog Shiba Inu and on the basis of this its market value reached 1 billion dollars. According to www.digitalcoinprice.com its price may jump by 120% in 2022. Some even claim that this crypto can give 650% returns by the end of the year.
EverGrow
It was launched 3 months ago but its executives claim that it has got 120,000 investors. Its market cap has reached $ 500 million. The currency has risen 50 per cent from its recent low. But many analysts say that in the year 2022, it can increase 100 times i.e. 10,000%.
Shiba Innu
Last year was named after Shiba Inu. The meme cryptocurrency Shiba Inu started as a joke but is no longer a joke. It was the most discussed in the year 2021. It also surpassed Bitcoin and Ethereum as the world’s most popular, oldest and largest cryptocurrencies. This turned an investment of $100 into $50 million in a year. Experts say that this year it can increase by 300 percent.
