Top 5 Crypto Gems On KuCoin In 2021 By Performance

2022/01/04 10:59:46

Bitcoin opened 2021 at just about $31,000 and closed at $45,819, which was at least a measured 50 percent price appreciation by crypto standards. During the course of the year, BTC recorded $68,789, an all-time-high and its lowest price for the year was $28,722. Ethereum followed closely at $4,891 as its 2021 ATH with $718 as its lowest price for the year under review. ETH opened in 2021 at $774, and closed at $3,758, amounting to about 4,850% increase in price.

The performance of other cryptocurrencies for the year were mixed with Metaverse and NFT tokens like Sandbox, Enjin, Axie Infinity, Decentraland, Flow among others making their mark. Other niche tokens for GameFi, Meme, and DAO governance were equally frequent in the headlines. Dogecoin, Shiba Inu, PEOPLE, Safemoon Inu, and others have also seen their market cap skyrocket during the year. Not forgetting the DeFi leaders like Avalanche, Uniswap, Polkadot, LUNA and others in their class, reaching new ATHs.

KuCoin emerged in 2021 as the Top 1 exchange for altcoins with new tokens listed and new pairs introduced in the course of the year. There are more than 1,100 trading pairs for altcoins and over 630 listed crypto assets in the category. KuCoin launched 9 Spotlight and 30 BurningDrop altcoins. The likes of VR, CWAR and PDEX got listed on Spotlight and FTG, PBX, HORD and XCAD made it to the BurningDrop. Beyond the highlights, we have reviewed KuCoin’s top 5 crypto gems by performance below.

Notice: KuCoin does not provide financial advice. Please do your own risk assessment when deciding how to invest in cryptocurrency and blockchain technology.

Bloktopia (BLOK)

source: Medium

Bloktopia is one of the most intriguing projects of 2021 with a meteoric year to date price spike of over 24900%. It launched at $0.00025 on 6 October 2021 and its ATH for the year was $0.1777.

Bloktopia has a virtual skyscraper of 21 floors, in a mimic of the 21 million Bitcoin in circulation. The edifice comprises a data hub, which users can access and deploy in owning real estate, learn, earn revenue, and build networks in addition to other endeavors.

The extensive user base of the platform is open to monetizers utilizing the unique NFT mechanism available. The Virtual Reality experience offered by Bloktopia engages the community in the immersive pillars it is built on to learn, create, play, and earn.

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Victoria VR (VR)

source: KuCoin Blog

VR had a spectacular year among the altcoins with a YTD gain of 16200%, which earned it a place on the list of the 2021 leading altcoin performers. VR launched at $0.00295 on 2 December 2021 and has seen price spikes during the year with its ATH of $0.7118 recorded 10 December 2021.

The Victoria project thrives on Virtual Reality and blockchain gaming that is driven by Realist Graphics, which are user-created and owned by creators and the community. All VR initiatives are able to thrive in Victoria using decentralized applications that are Metaverse-compatible. These essentials are 3D Internet-configured to encapsulate data, video, and voice in an ecosystem where a shared virtual existence is possible. The game's adventures, quests, surreal galleries, and a marketplace that supports exchange of NFTs are the attractions.

Victoria VR gained its popularity on KuCoin as the diverse applications of the metaverse led to a price spike for its tokens. This was as interest surged on the possibilities that surround the major metaverse tokens in the crypto global market.

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Terra (LUNA)

source: cryptopolitan

With a 15500% YTD price gain, LUNA had a bragging right as one of the top performing altcoins of 2021.Terra LUNA recorded a high of $103.33, which made the headlines on 24 December 2021, and low of $0.6194 that occurred on 1 February 2021.

In the year under review, some of the driving forces for the price leap was the aggregate build up of value in DeFi and the late 2021 sell-off of cryptocurrencies that left investors scrambling for safe havens like Terra LUNA that has a stablecoin backing.

LUNA uses fiat-backed stable coins to drive global payments systems that has a resultant stable price effect. The Terra LUNA token then serves as a stabilizing mechanism for the Terra USD stablecoin as well as other stablecoins issued in the ecosystem that enjoy gold-backing or some other fiat-backing in return.

LUNA was credited with a 40 percent weekly gain in the last week of 2021 as it effectively pushed off the likes of Shiba Inu, AVAX, and Dogecoin to gain its new placement as the 9th token on Top 10 cryptocurrencies list.

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Fantom (FTM)

source:Medium

The statistics show a YTD surge in price by 13800% to make FTM one of the best performers in 2021 among altcoins. Fantom’s price reached a new ATH on 28 October 2021 to peak at $3.48 and its low for the year was $0.016 0n 1 February 2021.

Fantom has emerged as a frontliner in the cross-chain compatibility push to ensure faster Transaction Processing Speed for across-the-chain transfers and value recognition. Fantom attracted funding from Hyper Chain Capital to the tune of $15 million in 2021 for consolidation purposes, and this lent a hand to push its price higher.

Fantom has cut transaction completion time to under two seconds according to leading crypto developers. The project’s mainnet started operations in 2019 following its groundbreaking launch.

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Verasity (VRA)

source: watcher.guru

VRA surged to a new ATH of $0.08683 on 1 November 2021 and had its low for the year at 0.00044 on 1 January 2021. Its YTD price surge to $0.0392 resulted in a 8800% price gain that landed it a place among the Top 5 price performing altcoins on KuCoin for 2021.

Verasity is described on its project homepage as a next-gen video sharing platform that makes it possible for content creators to enjoy a fair deal for their monetized intellectual property. Apart from providing a direct -to -user platform, it also provides Verasity TV where publishers on Vimeo, Twitch and YouTube, among others can have better rewards.

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Conclusion

KuCoin has proven that investors can find promising crypto gems on its platform and this beckons on crypto traders in 2022. As the new year unfolds, there is enough optimism that DeFi, Metaverse, Gamefi, and NFTs will continue to hug the limelight. While several projects have been listed in these sectors, it is those with continuing relevance and the ability to adapt to evolving market trends that will flourish.

As the new year begins, there were reports of erstwhile memecoins introducing DAO tokens; others have become NFT-compatible while a few have also embraced staking and the DeFi functionalities. These actions will mark out the projects to watch out for this week, and investors should know when to embrace them. As investment experts would say, it is always better to “buy low and sell high”.