It was a banner year for digital assets in 2021, and ACCORDING TO SOME FORECASTS, the new year should see cryptocurrencies reach new milestones.
Crypto investors went on yet another roller-coaster ride in 2021. Nearly every cryptocurrency from bitcoin to dogecoin hit record highs and delivered eye-popping gains. But in May, about 50% of the entire market’s value was wiped out in just seven days. And September saw China’s clampdown against crypto escalate to a ban on all transactions.
Other wild crypto moments from 2021 came when El Salvador made bitcoin legal tender, meme tokens exploded, and an NFT sold for $69 million.
So what’s in store for 2022? SOME BELIEVE Ether will outperform bitcoin again
Long viewed as second fiddle, ether far outperformed bitcoin in 2021, gaining 418% compared to 66% for bitcoin.
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