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Surprising Facts about Cryptocurrencies

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By the end of 2021, the total capitalization of the crypto market exceeded $ 3 trillion for the first time in history. Against this background, many altcoins have increased significantly in price. Ten tokens showed more than a hundredfold profitability.

No matter where you are located, you can always trade cryptocurrencies with Exness. The global multi-asset broker offers trading services in a variety of countries across Asia, Latin America and Africa.

Read on for some interesting facts about cryptocurrencies so that you can optimize your trading strategy.

Cryptocurrency History

There is still a lot of controversy surrounding the creator of the first cryptocurrency — Bitcoin. Its founder was a person or a group of people with the pseudonym Satoshi Nakamoto.

Some people believe that the father of Bitcoin is Australian businessman, programmer and scientist Craig Wright. It was he who claimed in 2015 that two people were hiding under the pseudonym Satoshi Nakamoto: he and his colleague Dave Kleiman.

The Impressive Growth of Cryptocurrencies: Examples

Voxies: 3350%

At the end of 2021, the value of the Voxies token jumped by 3350% on crypto exchanges. The altcoin price rose from $ 0.2 to $ 6.95.

RENBTC: 400%
In early 2022, the price of the RENBTC token paired with Bitcoin rose sharply to 5 BTC. A trader managed to sell RENBTC tokens at nearly $ 240,000.

RENBTC is an ERC-20 token backed by Bitcoin on a one-to-one basis. Ren’s virtual machine stores Bitcoin on a network of decentralized nodes called Darknodes.

The Sandbox (SAND): 17,446%
The Sandbox token price increased by 17,446% last year. As of the end of December 2021, the value of the cryptocurrency was $ 6.6. In November 2021, the altcoin renewed its all-time high above $ 8.4 (a 21,438 % rise in price).

The Sandbox is an in-game metaverse where you can buy virtual land, create avatars and various items. The project is currently under development.

Axie Infinity (AXS): 19,044%
The value of the Axie Infinity token has increased by 19,044% throughout 2021. By the end of December last year, the cryptocurrency was trading at $ 111. In November 2021, the altcoin price renewed its all-time high above $ 164.9 (an increase of 31,013%).

Polygon (MATIC): 14,242%
Last year, the Polygon token has risen in price by 14,242%. In late December 2021, the token renewed its all-time high above $ 2.9.

XYO (XYO): 16,713%
In 2021, the XYO token has risen in price by 16,713%. By the end of December last year, the altcoin was trading at $ 0.038.

In November 2021, the cryptocurrency updated its all-time high above $ 0.081 (an increase of 35,117% since the beginning of last year).

Terra (LUNA): 17,152%
The price of the Terra token has grown by 17,152% throughout 2021. By late December last year, the altcoin renewed its all-time high above $ 103.

Why Were Cryptocurrencies Created?
Cryptocurrencies are the future, and everyone wants to jump on this train. This is why new cryptocurrencies are constantly emerging. According to various estimates, there are currently more than 5,000 different cryptocurrencies trading in the market.

Let’s be honest, most of these cryptocurrencies are almost worthless, even though anyone who can spot a crypto diamond in the rough before it gains popularity is likely to become very rich. This explains why new cryptocurrencies are constantly being developed.

Today, anyone can start earning on cryptocurrencies. You don’t necessarily have to become a miner or an expert in blockchain technology.

You can speculate on the price movements of popular cryptocurrencies and potentially make a profit. This can be done with the help of a reliable broker such as Exness.

Source: Plato Data Intelligence: PlatoData.io

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