Interest in cryptocurrency has increased dramatically in the past year. Although crypto markets have sagged in recent weeks, both institutions and individual investors continue to trade and invest in crypto at a growing rate.
A recent report by BrokerChooser highlights the most popular cryptocurrencies as well as the ones that performed the best in the past year. And no, neither Bitcoin nor Ethereum are on the list. And one crypto, in particular, Shibu Unu has returned stratospheric returns. From September 2020 to September 2021, Shibu Unu has generated 2399900% returns so if you committed just $10 to the meme coin you could have made a whopping $200,000 on an amount that is about the cost of a trip to Starbucks.
According to the report, the following are the top-performing altcoins for the 12 months ending September 2021:
|
Rank |
Cryptocurrency |
September 2020 |
September 2021 |
Year-on-year difference |
|
1 |
SHIBA INU |
$0.0000000003 |
$0.0000072 |
2399900% |
|
2 |
Dogecoin |
$0.003 |
$0.29 |
9567% |
|
3 |
Terra |
$0.48 |
$31.66 |
6496% |
|
4 |
Polygon |
$0.03 |
$1.47 |
4800% |
|
5 |
Solana |
$4.34 |
$111.03 |
2458% |
|
6 |
Cardano |
$0.13 |
$2.96 |
2177% |
|
7 |
Binance Coin |
$24.69 |
$488.60 |
1879% |
|
8 |
Quant |
$9.76 |
$187.64 |
1823% |
|
9 |
BitTorrent |
$0.02 |
$0.38 |
1800% |
|
9 |
Chiliz |
$0.02 |
$0.38 |
1800% |
Of course, past returns are no guarantee of future performance, and crypto markets are well known for their turbocharged volatility. Bitcoins’ recent rapid rise and ensuing decline are emblematic of this sector.