The year 2021 has been a phenomenal growth year for cryptos in general, but none has outperformed meme coin Shiba Inu. The dog-themed cryptocurrency had risen from obscurity to become one of the year’s largest cryptocurrencies by market valuation. This is also reflected in the enormous growth, which now exceeds one million members.
Its expansion is not limited to its price or the number of holders. In addition to having one of the best growth rates in the cryptocurrency, the coin was also climbing the list of most-viewed coins on CoinMarketCap.
As 2021 comes to a close, we look back at some of the year’s top-performing cryptocurrencies. One of these is examining some of the most popular coins on CoinMarketCap. Although Bitcoin and Ethereum are undoubtedly at the top of this list, meme coins have taken the lead.
Shiba Inu, a meme coin, was the most-watched coin of the year. It surpassed the pioneer cryptocurrency, bitcoin, and the number two, Ethereum. On CoinMarketCap, Bitcoin was ranked second in the most viewed coin. Dogecoin, a rival meme coin, came in third on this list, further emphasizing meme coins’ supremacy in 2021.
Network of smart contracts Cardano finished in the fourth position. Its native token had experienced a meteoric climb in 2021, therefore its emergence came as no surprise. Surprisingly, Ethereum was ranked fifth on the same list. Given that the cryptocurrency is the second-largest by market cap and one of the most popular projects, it would not be surprising to rank higher.
Nonetheless, these projects have had an outstanding year, and investors keep a close eye on their progress.
No one would have recognized the concept when asked about meme coins a little more than a year ago. It is now one of the most renowned cryptocurrencies for investors, serving as the first point of contact for the vast majority of new crypto investors entering the market.
2021 has proven to be the year of meme coins, with the most significant growth in less than a year. Dogecoin and Shiba Inu have been the most prominent of these. Dogecoin had benefited from the likes of Elon Musk promoting digital assets. In contrast, Shiba Inu had taken advantage of the void created by Dogecoin’s massive growth.
Both digital assets have produced a number of millionaires. They have also dominated areas such as search inquiries and social media conversations. In November, Dogecoin was the #1 search in 23 of the 50 US states. Shiba Inu and Dogecoin have consistently been on the most talked-about lists on social media networks like Twitter.