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What a year! Take a walk down the 2021 highlight lane with us as we break down this year’s top 5 most memorable moments regarding the crypto world.
1. Tesla Buys $1.5 Billion In Bitcoin
Elon Musk tweeted early this year that Tesla was buying $1.5 billion in bitcoin. The company also claimed it would begin accepting bitcoin as payment for products later in the year. Although the coveted CEO made headlines for some influential crypto comments that went awry, Bitcoin supporters viewed this implementation as solid for the future of Bitcoin.
2. Dogecoin Surge
Gaining power this year is the “not-so-joke” cryptocurrency, Dogecoin. Back in April when both Mark Cuban and Elon Musk tweeted their interest and support for Dogecoin the price jumped over 20% in just 24 hours. On an episode of Saturday Night Live this year, Musk labeled himself “The Dogefather” while Cuban praised the coin as the coin people should use for transactions.
3. El Salvador Accepts Bitcoin As Currency
El Salvador became the first country in the world to accept bitcoin as a currency. This was a huge leap for cryptocurrency to enter the mainstream. Pushing formal institutions and educating the broad market about crypto has been a challenge. Hoping to be the first in a long line of countries, El Salvador looks to inspire legitimizing cryptocurrency as a traditional currency around the world.
4. Bored Apes Yacht Club
All Seeing Seneca, the digital creator of Bored Apes Yacht Club, experienced her collection of 10,000 NFTs skyrocketing headlines. Her NFTs are everywhere! Re-tweeted by mainstream celebrities like Jimmy Fallon and Post Malone, on Times Square, and all over social media profile pictures. More than $1 billion of her creations has traded since April of this year.
5. Terra Becomes Second Largest DeFi Network
Terra network is officially the second-largest blockchain for DeFi in total value locked. Surpassing Binance Smart Chain, Terra comes in second just behind Ethereum who remains the leading network for DeFi with a whopping $152 billion in value locked. Securing over $18 billion over 13 projects, Terra makes $1.4 billion per protocol. That’s a nearly 42,000% increase.
What are 2021’s top moments according to you? Let us know!
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