These Cryptos Grew Way More Than Bitcoin In 2021

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2021 has been an exceptional year for cryptocurrencies so far. Bitcoin is continuing its strong bull run and is now inching towards the $60k mark. Ethereum is also growing rapidly, and its domination in the entire crypto market is now around 12%. This astronomical growth of cryptos has created a lot of interest among the general public, eventually getting translated to them trying out their luck in this space.

If you are a novice crypto trader or investor, you must have pondered upon this particular question for sure – ‘Which is the best cryptocurrency to invest in?’ The answer to this question is not a single cryptocurrency. To quote the famous words of Warren Buffet, ‘Never place all of your eggs in a single basket.’ Diversification is the key when you are investing in cryptos.

In this article, we have analyzed the performance of cryptos that have outgrown Bitcoin in terms of their percentage growth since the beginning of this year. This list could help you make wise investment decisions and clarify what cryptos to choose apart from holding BTC and ETH. Let’s get started.   

As you can see in the below chart, Bitcoin has grown over 136% since the beginning of this year.    

Cryptos that surpassed Bitcoin growth percentage since Jan 2021

Stellar

Stellar (Buy Stellar) has grown by over 345% since the beginning of this year. That is more than twice the growth of the largest cryptocurrency in the world. Some of the fundamental reasons for this price advancement could be the tech behind this crypto. Stellar offers astonishing payment network speed and is the ideal crypto for making cross border payments. The news about Stellar working with the Ukrainian government for creating a national cryptocurrency could also be the reason for this price increase. Overall, fundamentals seem to be strong for this digital currency.

Stellar Technical Analysis

Support Area – 0.2937 | Resistance Area – 0.4856

On the 4-hour timeframe, the momentum of sellers is pretty strong. Buyers are trying to come back in by showing some strength, but not as much as sellers. The price might probably test the resistance or supply area at 0.4856 if the buyers manage to make a comeback. Otherwise, sellers could take the price down to 0.2937, which is the daily timeframe’s support zone. There is also a possibility of the price making a higher high from that point. If you are willing to go long on this one, we suggest waiting for the appearance of a couple of bullish confirmation candles.  

Polkadot

Polkadot (Buy Polkadot) relatively new when compared to the other ones on the list. DOT has seen over 725% of growth since the beginning of this year. Some of the primary reasons for this growth could be the infrastructure behind this digital currency. Many experts compare this crypto with Ethereum as they share a common mission, i.e., to be a reliable platform for developers to build their own decentralized applications. Also, DOT’s unique selling proposition is the feature of parachains – making the entire blockchain faster as the throughput of transactions increase.

Polkadot Technical Analysis

Support Area – 28.9875 | Resistance Area – 38.4074

On the 4-hour timeframe, we can see the sellers coming in strong. The price is currently at the 4-hour support zone – 34.7113. The price may react at this point, and it could be a great set-up for buyers to enter the market. If that happens, the next stop would be the current resistance zone. If buyers come in strong with momentum, there is the possibility of a resistance breakout. The second scenario would be the price reaching the daily support area at 28.5756 and then shoot up to the north to make a brand new higher high.

Chainlink

Chainlink grew over 600% in 2020. On top of that, this crypto has seen about 200% growth again since the beginning of 2021. Experts predict that this particular digital currency has the potential to gain prominence over Bitcoin in the long term. Recently, the World Economic Forum recognized this crypto as one of the topmost technology pioneers in 2020. These expert predictions and recognitions from credible organizations could be the reason for LINK’s growth in the past two years.

Chainlink Technical Analysis

Support – 26.2093 | Resistance – 31.6494

There might be a possible higher high from the support areas. Sellers were dominating the market, but buyers took over in the recent past. Sellers are currently week, with buyers regaining 70% of the market. The price is neither making a higher high or a higher low and is currently moving in a range. We anticipate a fake sell to the support area and a potential buy set-up at that point. If buyers come in strong, the price could make a brand new higher high.

Dogecoin

We shouldn’t be ending this article without mentioning Dogecoin. This crypto has grown over 1800% from the past three months, and there are many reasons behind it. Except for its cult following, we don’t find any problem-solving technology in Dogecoin. We believe this absurd price increase of DOGE is purely based on the hype that is being created on various social media platforms like Reddit and Twitter. If you are planning to hold DOGE, make sure to check the market sentiment and take the decisions accordingly.

We hope you find this article useful and informative. If you are looking to purchase any of the cryptos mentioned above, you can visit our exchange page, compare a coin price in all the available exchanges and buy them at the cheapest price. Cheers!

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