3 Bulls of 2021

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I don't know about other people but 2021 was a truly dramatic one for cryptocurrencies. We saw more decentralized Finance projects, Non fungible tokens explode, Bitcoin crash and rise , China placed a blanket ban and many more surprising activities happened last year. But while all these were were happening some altcoins were performing even better than we all expected infact better than Btc or Eth and we'll be talking about them.

First on my list is Cardano. We saw Cardano go from $0.3 to as high as $3 in 2021 and according to CryptoRanks and Santinant Cardano (ADA) was the most developed blockchain last year. Late last year, it underwent it's signature Alonzo fork which now enables smart contract functionality on its proof-of-stake network which is less energy intensive when compared to that of Bitcoin. This development pulled more people in and the number of ADA wallet grew to over 2million. Founded in 2017 and named after Italian polymath Gerolamo Cardano, ADA is designed to allow owners participate in it's operation and so have a right to vote on factors that might change the project. Users can also develop and deploy smart contracts on Cardano thereby allowing DApps (decentralized applications) to be built on blockchain.

Second on my list is Solana , the Ethereum killer. Solana (SOL) did live up to its nickname in 2021 with a gain of 11,120% processing 1800 transactions per second and an average cost per transaction of less than one penny unlike Ethereum which processes less for even more gas fees. In 2021 it managed to attract lots of developers mainly game studios, NFT creators due to the low cost and high speed of transactions unlike other blockchains. Launched in March 2022 by the Solana Foundation Geneva, Switzerland, it is intended to serve both small time users as well as enterprise customers due to the low transaction cost protocol design. Created by Anatoly Yakovenko and Greg Fitzgerald, Solana is ranked number 5 on the Coin Market Cap ranking as of January 2022.

And third is Binance coin. Used to trade and pay fees, BNB has grown go become a force in the DeFi ecosystem. Launched in 2017 by Binance (the largest centralized crypto exchange in the world) and as of October 2022, the total transaction crossed 1,500,000,000 and will surpass as more projects are built and more transactions made. Binance has been very strict about buying back BNB for permanent removal every quarter and last year it finished with a gain of 1,271%. Over $500 million of BNB was burnt in the 17th quarterly burn that took place in October 2021 and this will continue until they buy back and destroy 100million Binance coins that is 50% of it's total supply to ensure BNB stays scarce and more valuable.