📍BTC: Bitcoin dominance in the cryptocurrency market was not good during 2021 and decreased to 37%.
The introduction of newer cryptocurrencies and the rise of Ethereum, which I will discuss below, were among the main reasons for Bitcoin’s declining market power.
However, Bitcoin is still the first, the best, and no transaction has been returned. Bitcoin is still king.
🔹Price on January 1, 2022: $46,400
🔸Rank in terms of market value at the time of writing: 1
📍ETH: If last year I was 0.0000001% skeptical about investing in Ethereum, this year there is no doubt the same amount; The queen of cryptocurrencies (who may be king!) Has never been so powerful.
The last few months of 2021 were a hot topic among cryptocurrency market veterans: Ethereum may replace Bitcoin.
Although Bitcoin has always been first and can not be imagined in terms of the psychological burden of the market, if we want to rely only on numbers, it is not at all unlikely that Ethereum will come first.
Ethereum’s dominance on market has increased from 11% in early 2021 to more than 20% at the time of writing.
🔹️Price on January 1, 2022: $3,700
🔸Rank in terms of market value at the time of writing: 2
📍DOGE: The Dogecoin roadmap has just been released and is no longer a project without a plan.
🔹Price on January 1 2022: $0.17
🔸Rank in terms of market value at the time of writing: 12
📍UNI: If we want to introduce a powerful governance token with a simple and understandable mechanism, the UNI token is the first choice of most experts. UniSwap is the fourth cryptocurrency I have chosen.
🔹Price on January 1 2022: $17
🔸Rank in terms of market value at the time of writing: 20
📍MANA: The winner of Decentraland this year is the roadmap and the contracts it has signed, and in 2022 we will probably hear a lot of news about this platform.
🔹Price on January 1 2022: $3.2
🔸Rank in terms of market value at the time of writing: 31