{"id":210785,"date":"2022-01-11T18:30:44","date_gmt":"2022-01-11T18:30:44","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=210785"},"modified":"2022-01-11T17:16:07","modified_gmt":"2022-01-11T17:16:07","slug":"footprint-analytics-can-2021-foretell-this-years-token-gains-annual-report-2021","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/footprint-analytics-can-2021-foretell-this-years-token-gains-annual-report-2021\/","title":{"rendered":"Footprint Analytics: Can 2021 Foretell This Year\u2019s Token Gains? | Annual Report 2021"},"content":{"rendered":"

In 2021, dozens of promising projects in DeFi, NFT, and GameFi brought more tokens to the market than any one person can follow. Whereas most tracked the price of BTC and ETH, we saw some new tokens buck this trend for the first time, and while many tokens saw astronomical gains, other projects got hacked and went to zero.<\/span><\/p>\n

This article will review the biggest gains and most painful losses.<\/span><\/p>\n

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Yahoo finance – BTC vs E-Mini S&P 500<\/em><\/figcaption><\/figure>\n

BTC Summary<\/b><\/h2>\n

The <\/span>price of BTC<\/span><\/a> on Jan. 1, 2021 was about $29,000 and $47,000 by Dec. 31 it, an increase of 58.6%. BTC's price action is a snapshot of the blockchain in 2021, with prices reflecting the market's confidence and expectations in the space. Even if you don't know what DeFi is, you can get a sense of the rapid growth of blockchain this year from the price of BTC.<\/span><\/p>\n

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Footprint Analytics – BTC Price<\/em><\/figcaption><\/figure>\n

Tokens Issued by Chains<\/b><\/h2>\n

Ethereum, the leading blockchain ecosystem, has risen from $738 to $3,761. <\/span><\/p>\n

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Footprint Analytics – ETH Price<\/em><\/figcaption><\/figure>\n

However, Ethereum\u2019s high costs and network congestion have led to the emergency of dozens of solutions to allow the blockchain to scale. After the summer of DeFi, many of these new chains saw the price of their tokens multiply.\u00a0<\/span><\/p>\n