The year 2021 has been an exceptional 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 expansion of its community, which currently exceeds one million members.
Its development 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 meme coin was also climbing the list of most-viewed currencies on CoinMarketCap.
As the year 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 cryptocurrencies on CoinMarketCap. Although Bitcoin and Ethereum are undoubtedly at the top of this list, meme currencies have taken the lead.
Network of smart contracts Cardano came in fourth position. Its native token had had 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 biggest by market size and one of the most popular projects, it would not be surprising if it ranked higher.
2021 has proved to be the year of meme coins, with most seeing significant growth in less than a year. Dogecoin and Shiba Inu have been the most prominent of them. Dogecoin had benefited from the likes of Elon Musk promoting the digital asset, while 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 routinely been on the most talked-about lists on social media networks like as Twitter.