Dogecoin and Binance Coin saw the biggest price increase in 2021
July 19, 2021 (Investorideas.com Newswire) The past two months have been quite dynamic for the global crypto market. First, Elon Musk’s Bitcoin tweets and a new round of Chinese government regulations caused Bitcoin and other cryptocurrencies to drop unexpectedly in May. Then, a month later, cryptocurrencies fell again after the US Department of Justice seized $ 2.3 million in crypto coins paid to Darkside ransomware extortionists.
Despite this, some of the largest crypto coins in the world have managed to dramatically increase their value since the start of the year.
According to data presented by BlockArabia.com, Dogecoin saw four-digit price growth between January and July, the largest increase among the top 10 cryptocurrencies.
Dogecoin value has climbed 2.100% year-to-date, Binance Coin follows with 727% increase
Dogecoin’s popularity has exploded since the start of 2021. In January, the price of the original meme stood at $ 0.009. A month later, after Tesla CEO Elon Musk and rapper Snoop Dogg sent a flurry of tweets about the coin, its price jumped to $ 0.08 and continued to rise.
In May, it hit an all-time high of $ 0.7. While that figure slipped to $ 0.20 last week, it still represents a massive 2.100% increase since the start of the year. Due to its recent price spike, the original meme ranked eighth among cryptocurrencies by market cap and fifth among most traded cryptocurrencies in June.
Compared to the major cryptocurrencies, Binance Coin has a significantly lower price. However, the fourth largest digital coin in the world with a market cap of $ 50.7 billion follows Dogecoin when it comes to price growth. Statistics show that Binance Coin’s price has jumped 727% in the past seven months, reaching $ 317.6 last week.
Bitcoin saw the weakest price growth among the top 10 cryptos
CoinMarketCap data showed the price of Cardano has jumped 623% year-to-date, from $ 0.18 to $ 1.31. Uniswap follows with a price increase of 316% during this period.
After a stellar performance throughout the past year, the price of the world’s second largest cryptocurrency, Ethereum, exploded in 2021. Between January and March, it climbed nearly 150% to over 1 $ 800 and continued to increase. After hitting an all-time high of $ 4,300 in May, Ethereum’s price fell to $ 2,063 last week, still a massive 180% increase since the start of the year.
Statistics show that the world’s largest digital currency, Bitcoin, experienced the smallest price increase since the start of the year. The price of Bitcoin has risen by more than 100% in five months of 2021, helping its market capitalization reach $ 1.1 billion in early May. However, by the end of the month, the flagship cryptocurrency fell to over three months, dropping to around $ 30,000 at one point.
The unexpected pullback of Bitcoin and other cryptocurrencies came in the form of a wave of negative headlines and catalysts, from Tesla CEO Elon Musk to a new round of Chinese government regulations. Statistics show that the price of Bitcoin stood at around $ 33,231 last week, a 14% increase since the start of the year.
The full story can be read here: https://blockarabia.com/pr/dogecoin-and-binance-coin-witnessed-the-biggest-price-jump-in-2021/
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