.png){kind=logo}
There were a lot of big crypto gainers in 2021 – and no serious investor could have gone without hearing the word Solana. Anyone who held the Solana ($SOL) at the beginning of 2021 would have seen massive crypto gains as the coin went from $1.84 to $260 during the course of the year. Its market cap is a stunning $33 billion and is currently trading at just over $100 per SOL coin.
Much of the amazing growth that saw Solana move from obscurity to a top 10 crypto is attributed to Solana's unique blockchain technology. Thanks to 'proof-of-stake' technology combined with Solana's 'proof-of-history' (POH), transactions are processed in order, making them lightning-quick and ultra-low-cost. It places Solana directly against Ethereum, particularly in the NFT market, where Ethereum's notorious slow speeds and high costs continue to hamper progress. High developer activity on the Solana ecosystem is responsible for its huge gains around November last year.
CoinPriceForecast.com predicts Solana to hit $137 by the middle of 2022, around a 10% upside, and then back down $117 by the end of the year. This would net investors modest returns as the coin is currently valued at $106. That's already a significant drop from the beginning of the year when it began 2022 valued at around $170.
Last year was also huge for memecoins like Shiba Inu, which began its meteoric climb in April followed by a huge rally in October. Investors holding Shiba Inu on January 1st, 2021 would've seen an unimaginable 52,857,000% return over 2021!
Shiba currently finds itself just outside the Crypto top 10, at an $11 billion market cap according to CoinMarketCap. Shiba is forecast to hit $0.0000589 by the end of the year according to WalletInvestor, meaning over 100% returns if the market proves strong.
A less known success story from 2021, that is set to have a big 2022, is EverGrow Coin. At a relatively small valuation of $300 million, EverGrow ($EGC) launched a new breed of cryptocurrency in September that incorporates passive income possibilities with an NFT marketplace, a content creator platform, and a play-to-earn game among stunning developments in the pipeline.
The deflationary token generates 'rewards' for holders in the form of Binance pegged USD, a regulated stablecoin pegged 1-1 with the USD. Within just four months of launch, EGC paid holders over $33 million irrespective of market fluctuations in price.
Many analysts have touted EverGrow to overtake 'memecoins' like Shiba Inu and Dogecoin in 2022, driving it to become a top 20 crypto.
Safemoon exploded in 2021, becoming one of the most popular community-driven projects in crypto history. It also pays out passive income to its coin holders, in the native token. Now with over 1 million wallet holders, Safemoon is working on launching its own blockchain and exchange in 2022. These developments could see SafeMoon regaining the all-time highs they achieved back in April 2021. PricePrediction.net forecasts Safemoon could hit $0.00000164 during 2022, which would net investors around 30% returns over the next 12 months.
Join our WhatsApp Channel to get the latest news, exclusives and videos on WhatsApp
_____________
Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
