In 12 days, the curtain will close on 2021 and cryptocurrency investors will likely be uncorking the champagne following another banner year. Amid volatile trading, the aggregate value of digital currencies has risen by 185% year-to-date, through late evening, Dec. 16.
Without question, the "Big Two" -- Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) -- have played a significant role in pushing the total market value of cryptocurrencies higher. This dynamic duo makes up 62% of the crypto market's $2.2 trillion value.
However, 2021 has also been a year where cryptocurrencies with clear-cut competitive advantages shone bright. When I say "competitive advantages," I'm referring to blockchain projects that demonstrate a competitive edge over the other 15,700-plus listed cryptocurrencies. Differentiation is absolutely imperative for digital currencies to stand out in an increasingly crowded space.
Image source: Getty Images.
The crypto space is full of pretenders
Unfortunately, there are also plenty of pretenders. Two good examples being the ultra-popular dog-themed coins, Shiba Inu (CRYPTO: SHIB) and Dogecoin (CRYPTO: DOGE).
Shiba Inu and Dogecoin are two of the most-searched digital currencies in the U.S., and they arguably generate the greatest amount of social media buzz. That's because these two coins have delivered life-altering returns, with SHIB tokens up more than 45,000,000% this year and Dogecoin higher by a more "modest" 3,400%.
Continue reading: https://www.nasdaq.com/articles/3-cryptocurrencies-with-clear-cut-competitive-advantages
Without question, the "Big Two" -- Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) -- have played a significant role in pushing the total market value of cryptocurrencies higher. This dynamic duo makes up 62% of the crypto market's $2.2 trillion value.
However, 2021 has also been a year where cryptocurrencies with clear-cut competitive advantages shone bright. When I say "competitive advantages," I'm referring to blockchain projects that demonstrate a competitive edge over the other 15,700-plus listed cryptocurrencies. Differentiation is absolutely imperative for digital currencies to stand out in an increasingly crowded space.
Image source: Getty Images.
The crypto space is full of pretenders
Unfortunately, there are also plenty of pretenders. Two good examples being the ultra-popular dog-themed coins, Shiba Inu (CRYPTO: SHIB) and Dogecoin (CRYPTO: DOGE).
Shiba Inu and Dogecoin are two of the most-searched digital currencies in the U.S., and they arguably generate the greatest amount of social media buzz. That's because these two coins have delivered life-altering returns, with SHIB tokens up more than 45,000,000% this year and Dogecoin higher by a more "modest" 3,400%.
Continue reading: https://www.nasdaq.com/articles/3-cryptocurrencies-with-clear-cut-competitive-advantages
