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Welcome to the rollercoaster world of cryptocurrencies. In this blog, we’re going to take a look at the best and worst-performing crypto assets YTD.
Crypto assets have boomed in popularity over the last 12 months as market access and publicity have skyrocketed.
Netflix series, Explained attributed part of the growth in cryptocurrencies to the void left from the gambling industry during the pandemic. As casinos closed and sports fixtures were cancelled, gamblers poured funds into risky assets looking for “big wins”.
Other commentators believe the pandemic accelerated the transition from physical to digital currency including Jodie Kelley who said in December 2020 “Over the past six to eight months, we’ve seen the use of cash decline even further, and that’s a trend I think that we’re going to see continue,”.
The purpose of this blog is not to advise on whether or not it is a good time to buy into cryptocurrency.
Before we look at the top performers, we will cover the performance of the top largest coins by value year-to-date.
Bitcoin (BTC) is up 17%
Ethereum (ETH) is up 171.4%
Tether (USDT) is down 0.02%
Binance Coin (BNB) is up 675%
Cardano (ADA) is up 601%
UBIX (UBX) is up 4,874%
Polygon (MATIC) is up 6,668%
MEET.ONE (MEETONE) is up 7,254%
Telcoin (TEL) is up 13,893%
BakerySwap (BAKE) is up 14,359%