CoinGecko: Top-30 cryptocurrency market cap rose 176% in 2021

Top-30 crypto market cap rose 176% in 2021; Solana led gains.

In 2021, the combined market capitalization of the 30 largest cryptocurrencies rose by 176%, hitting a historical high above $2.5 trillion in November. Against a protracted correction in December, the figure declined, according to CoinGecko.

The average return of the five key cryptocurrencies over the year stood at 2,913%. Much of the figure was driven by the Solana (SOL) project, whose return on investment exceeded 11,000%.

Analysts noted the strong returns of altcoins in 2021. The prices of four tokens in the top-30 by market capitalization rose by more than 10,000%. Among them, Fantom (FTM) showed the best momentum, with its price rising by 14,279%.

Over the year, the Bitcoin dominance index fell by 30 percentage points to just over 45%. The Ethereum metric, by contrast, rose by almost 11 percentage points, reaching 22%.

The total market capitalization of the five largest stablecoins over 12 months rose by $127 billion (+469%), exceeding $140 billion. The segment leader is Tether — the USDT supply rose by 275%, to $78.4 billion. In second place was USD Coin (USDC) with $42.4 billion.

As reported in ForkLog’s annual report, the total market capitalization of the cryptocurrency market peaked above $3 trillion in 2021, and Bitcoin and Ethereum reached new price highs.

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