2021’s major cryptocurrency trends

2021 was crypto's wildest year yet

Here is a look at some of the major trends

1// Bitcoin is still no.1

The original cryptocurrency soared over 120% from January 1

to a then-record of almost $65,000 in mid-April

Fueling it was a growing acceptance by major corporations

such as Tesla and Mastercard

and an increasing embrace by Wall Street banks

Yet the token stayed volatile

It slumped 35% in May

before soaring to an all-time high of $69,000 in November

2// The rise of memecoins

Dogecoin launched in 2013 as a bitcoin spinoff

It soared over 12,000% to an all-time high in May

before slumping almost 80% by mid-December

Shiba inu is a spinoff of dogecoin

It briefly muscled its way into the 10 largest digital currencies

‘Memecoins’ have their roots in web culture

but often have little practical use

3//Regulation is the (large) elephant in the room

Regulators globally are cracking down on cryptocurrencies

In September, China banned all crypto trading and mining

Global regulators worry the rise in privately operated currencies

could potentially enable money laundering

and threaten global financial stability

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