Over the past 12 months, some altcoins have risen in price by more than 100 times
In November 2021, the total cryptocurrency market capitalization exceeded $ 3 trillion for the first time in history. Against this background, many altcoins were able to significantly rise in price. Ten tokens showed more than a hundredfold profitability.
CEEK VR (CEEK)
Over the past 12 months, the price of the CEEK VR token has grown by 32,550%. As of December 27, the altcoin is trading at $ 0.69. At the end of November, the cryptocurrency renewed its all-time high above $ 1.19 (an increase of 65,532% since the beginning of 2021).
CEEK VR is a decentralized virtual reality platform that has partnered with Universal Music, Apple and T-Mobile and other major companies.
Axie Infinity (AXS)
Over the year, the value of the Axie Infinity token has increased by 19,044%. At the end of December 2021, the cryptocurrency was trading at $ 111. In November last year, the altcoin price renewed its all-time high above $ 164.9 (an increase of 31,013%).
Axie Infinity is an Ethereum NFT collectible game in which users breed virtual creatures.
Ecomi (OMI)
In 2021, the Ecomi token rate has grown by 16 220%. At the end of December last year, the altcoin price was $ 0.0066. In March 2021, the cryptocurrency renewed its all-time high above $ 0.013 (a rise in price by 32,400% since the beginning of 2021).
Ecomi is a decentralized digital collectible trading platform.
The Sandbox (SAND)
The Sandbox token price increased by 17,446% last year. As of the end of December 2021, the value of the cryptocurrency was $ 6.6. In November last year, the altcoin renewed its all-time high above $ 8.4 (a rise in price of 21,438%).
The Sandbox is an in-game metaverse where you can buy virtual land, create avatars and create various items. The project is currently under development.
XYO
In 2021, the XYO token has risen in price by 16,713%. At the end of December last year, the altcoin was trading at $ 0.038. In November 2021, the cryptocurrency updated its all-time high above $ 0.081 (an increase of 35,117% since the beginning of last year).
XYO is a blockchain used to track supply chains.
Polygon (MATIC)
Last year, the Polygon token has risen in price by 14,242%. At the end of December 2021, the altcoin renewed its all-time high above $ 2.9.
Polygon is an Ethereum-compatible second level sidechain powered by PoS (Proof-of-Stake) algorithm. This network is faster and with lower fees than the main Ethereum network.
Terra (LUNA)
In 2021, the price of the Terra token has grown by 17,152%. At the end of December last year, the altcoin renewed its all-time high above $ 103.
Terra is a blockchain protocol that creates fiat-pegged stablecoins. LUNA token holders can propose and vote on proposals for improving the blockchain.
Phantom (FTM)
Last year, the value of the Fantom token increased by 13,614%. As of the end of December 2021, the altcoin was trading at $ 2.3. In October last year, the cryptocurrency updated its all-time high above $ 3.4 (a rise in price by 21,337% since the beginning of 2021).
Fantom is a blockchain, the main task of which is to solve the scalability problem of existing platforms based on distributed ledgers.
Solana (SOL)
Over the 12 months of last year, the price of the Solana token has grown by 15,057%. At the end of December 2021, the altcoin was trading at $ 201. In November last year, the cryptocurrency updated its all-time high above $ 259 (a rise in price of 19,671% since the beginning of 2021).
Solana is considered an emerging competitor to Ethereum. Vitalik Buterin's cryptocurrency is the leader among blockchains with smart contracts, but its network is often overloaded, which leads to increased fees for transfers. That being said, Solana offers faster and cheaper transactions.
Kadena (KDA)
Last year, the value of the Kadena token increased by 10,212%. At the end of December 2021, the altcoin was trading at $ 15.7. In November last year, the cryptocurrency updated its all-time high above $ 27.6 (an increase of 18,300% since the beginning of 2021).
Kadena is a public blockchain that is designed to scale pre-existing distributed ledgers.
