What did we learn from the crypto market in 2021?

The CoinDesk Research Annual Crypto Review for 2021 examines some of the key themes and metrics that marked the year’s progress in cryptocurrency markets. Thanks to 2021, most people have at least heard of crypto by now – not just Bitcoin and Ethereum, but altcoins like DOGE and SHIB, as well as terms like NFTs and the metaverse.

Was 2022 a 'crypto winter'?

2022 was a bearish year for the crypto market – dubbed the ‘crypto winter’ in cryptocurrency news media, Bitcoin dropped as low as $15,000 and many altcoins retraced by a larger percentage, hitting all-time lows.

Which cryptocurrencies exploded in 2023?

Cosmos (ATOM) – The Internet of cryptocurrencies, exploded in 2023 Our list kicks off with a meme coin – as Dogecoin and Shiba Inu showed in the last bull run, and Pepe (PEPE) showed in 2023, meme coins can explode by hundreds of percent in a matter of days: Entering to explode in the crypto space amidst this memecoin mania is Wall Street Memes.

What is the best cryptocurrency in 2021?

Putting aside Shiba Inu's outlier gain, the next best-performing cryptocurrency in 2021 has been Axie Infinity ( AXS). A $10,000 investment to begin the year in this relatively obscure token would now be worth almost $2.18 million. Axie Infinity is a play-to-earn game built on the trusted Ethereum blockchain.