A ton of new crypto projects launched this year -like NFTs, meme coins and DAOs- made 2021 one of the most exciting years of the past decade.
Dogecoin and Shiba Inu were the most popular coins of 2021
Meme coins are making a splash in the world of virtual currency, with Dogecoin and Shiba Inu leading the way.
The best thing about Dogecoin is that it was created as a joke in 2013. It really gained traction this year after Elon Musk tweeted about this coin. A huge leap took place after that event, Dogecoin made it to the top of the charts.
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Then, Shiba Inu rose astronomically, riding the waves of popularity created by Dogecoin. Shiba Inu and Doge maxed the market cap to over $50 billion when they were at their peak.
Distributed autonomous organizations (DAOs) are back. They made a comeback this year after the unsuccessful attempts in 2017. The DAO ecosystem made history when ConstitutionDAO raised a record $45 million in less than a week to bid for a copy of the US Constitution.
NFTs sold for millions
The growth of digital collectibles slowed in the first quarter of 2021, but it continued to grow during the year-over-year period. In the first half of 2021, the NFT market had a record sale of more than $2.5 billion. Digital artworks are sold for millions of dollars.
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Non-fungible tokens became a prominent part of the art, music, sports, and gaming industry. The popularity of decentralized autonomous organizations (DAOs), non-fungible tokens (NFTs) and meme coins is high and the trend is likely to increase further by 2022.