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.
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.
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.
