Footprint Analytics: Can 2021 Foretell This Year’s Token Gains? | Annual Report 2021

by Gordon James

The past six years have been spectacular for cryptocurrencies, with their prices rising from a dollar each to $1,000 in 2017. With the market at its zenith and already showing signs of cooling off as investors start looking ahead, 2019 could be another great year if projects that are entering or scaling up make it onto this list.

The “annual report” is an annual publication that includes the company’s financials, product developments, and other information. It also predicts future token growth for the year.

Like 2021, hundreds of promising initiatives in DeFi, NFT, and GameFi flooded the market with more tokens than any one individual could keep up with. While most people followed the price of BTC and ETH, we saw several new tokens defy the trend for the first time, and while many witnessed massive gains, others were hacked and plummeted to zero.

The most significant gains and the most painful losses will be discussed in this piece.

Yahoo finance – BTC vs E-Mini S&P 500

Summary of BTC

BTC was worth about $29,000 on January 1, 2021, and $47,000 on December 31, a 58.6 percent rise. The price of bitcoin (BTC) in 2021 is a snapshot of the blockchain, with values reflecting the market’s faith and aspirations for the technology. Even if you have no idea what DeFi is, the price of BTC may give you an idea of the enormous rise of blockchain this year.

Footprint Analytics: Can 2021 Foretell This Year’s Token Gains? | Annual Report 2021BTC Price – Footprint Analytics

Chains are issuing tokens.

The value of Ethereum, the most popular blockchain ecosystem, has increased from $738 to $3,761.

Footprint Analytics: Can 2021 Foretell This Year’s Token Gains? | Annual Report 2021ETH Price Footprint Analytics

However, the exorbitant expenses of Ethereum and network congestion have necessitated the development of hundreds of alternatives to help the blockchain expand. Many of these new businesses saw their token prices skyrocket after the DeFi summer. 

  • BNB: Increased by a factor of 12
  • AVAX has been increased by 300%.
  • LUNA: Boosted by 1290%
  • SOL: 112x increased
  • MATIC has been increased by 144 times.

Footprint Analytics: Can 2021 Foretell This Year’s Token Gains? | Annual Report 2021Footprint Analytics – Chains are issuing tokens.

DeFi projects are beginning to transition to numerous chains due to the fast development of high-performance public chains and EVM-compatible chains. The need for cross-chain solutions has grown critical.

AnySwap’s $ANY has increased 105 times from As the cross-chain bridge covering the largest number of public chains, AnySwap’s $ANY has grown 105x from $0.17 to $16.97 in 2021..17 to $16.97 in 2021 as the greatest cross-chain bridge encompassing the most public networks.

Footprint Analytics: Can 2021 Foretell This Year’s Token Gains? | Annual Report 2021ANY PRICE FOR FOOTPRINT ANALYSIS

Tokens in the Metaverse

In the second part of the year, the NFT and metaverse projects began to make headlines. We can concentrate on GameFi data since most NFT projects do not issue tokens.

  • $AXS: Axie Infinity, a play-to-earn game, released a token with a 178x rise in value.
  • $SAND: An ERC20 token for the blockchain game “The Sandbox,” which is based on a virtual estate game, has grown 162 times in value.
  • The GameFi service chain has two tokens: $COCOS and $GALA. With $GALA increasing over 300x and $COCOS climbing over 8000x in 2021, people appreciate their potential to become the metaverse’s future infrastructure. Future expectations are completely reflected in the token pricing.

Footprint Analytics: Can 2021 Foretell This Year’s Token Gains? | Annual Report 2021GameFi Token Price | Footprint Analytics

Some Tokens Have Expired

Despite the unprecedented revenues, not everyone became rich. As certain coins that were entirely canceled out shown, blockchain remains a high-risk investment.

Victims of Vulnerability Attacks on Tokens 

PancakeBunny was hit by a flash loan and a token flash crash on May 20. The occurrence resulted in the loss of 114,631 BNBs and 697,245 BUNNYs, totaling almost $42 million in contracts at the time. BUNNY coin’s price has likewise decreased from $232 to $11. BUNNY is currently priced at $1.07.

$CREAM: Cream Finance had a bad year in 2021, as the protocol was hacked five times, resulting in losses of almost $200 million. CREAM’s price went from a high of $370 to $37 over the course of many attacks, a 90 percent loss.

Footprint Analytics: Can 2021 Foretell This Year’s Token Gains? | Annual Report 2021CREAM and BUNNY Price Footprint Analytics

Bank Run Tokens Have Been Zeroed Out

$TITAN: Iron Finance is an algorithmic stablecoin based on the partial collateral of Polygon. Its problems began on June 16, when a huge whale sold off, causing market fear and subsequently a major user sell-off. 27 trillion TITAN were coined due to the breakdown of the token minting system, which led the price of TITAN to drop from $64 to $TITAN: Iron Finance is an algorithmic stablecoin project based on Polygon’s partial collateral. Its troubles started on June 16, when a giant whale made a sell-off, which in turn led to market panic and eventually a massive user sell-off. Combined with the failure of the token minting mechanism, 27 trillion TITAN were minted, which caused the price of TITAN to go straight to zero from a high of $64 in just 16 hours. in under 16 hours.

This was a genuine DeFi bank run. The short-term rise in demand for withdrawals by depositors caused a run that finally led to the system’s collapse in an exceedingly anxious market.

Footprint Analytics: Can 2021 Foretell This Year’s Token Gains? | Annual Report 2021TITAN Price – Footprint Analytics

An Important Note about Exclusions

Footprint Analytics: Can 2021 Foretell This Year’s Token Gains? | Annual Report 2021Top Tokens by Growth Rates (Footprint Analytics)

There were many of tokens with extraordinarily high growth rates in 2021, particularly meme tokens.

The price of SHIB, for example, has increased by almost 3,000%. We did not include such tokens in our guide since they lack application cases.

In 2022, evaluate each public chain’s potential and concentrate on cross-chain services, which will most likely become the primary focus of blockchain development. Keep up with growing disciplines at the same time—above all, this business moves swiftly. 

Readers’ Advantages

Footprint Analytics: Can 2021 Foretell This Year’s Token Gains? | Annual Report 2021Click this link to obtain a free 7-day trial of Footprint Analytics from January 11 to 25, 2022! Only new users are allowed!

Date & Author: Jan 11th, 2022, Amanda

Footprint Analytics – 2021 Token Review is the source of the data.

Our Year in Review series continues with this piece.

What does it mean to have a footprint?

Footprint Analytics is a one-stop shop for analyzing blockchain data and uncovering insights. It cleans and unifies on-chain data so that users of any skill level may begin exploring coins, projects, and protocols right away. Anyone may create their own personalized charts in minutes using over a thousand dashboard templates and a drag-and-drop interface. With Footprint, you can discover blockchain data and invest more wisely.

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