What Cryptocurrencies Blew Bitcoin Away in Profits over the Last Year

Bitcoin could be the most valuable cryptocurrency in the world today. Both in terms of market price and market capitalization. However, its percentage gains are nothing compared to some altcoins posting over 1000% record growths.

For example, a coin like Theta soared by 1000% between March and May of 2020. This is a time frame of fewer than three months. The coin is less popular and is a token of the decentralized video streaming blockchain, Theta.

Other cryptocurrencies such as Chainlink, Cardano, and Polkadot have appreciated by over 500% over the past year. Cardano, for instance, gained 1244%, while Polkadot soared by 755% between February 2020 and February 2021.

Bitcoin, on the other hand, hit a percentage gain of 300% over the past year. This is quite astronomical as well, given the price of the coin. And more particularly worthwhile when comparing the returns against traditional investments such as bonds and stocks.

But when it comes to cryptocurrencies, such gains are as usual as a full moon.

Let’s round up cryptocurrencies that blew bitcoin away in profits between 2020 and 2021.

Cardano (ADA)

Cardano (ADA) is built upon one of the most advanced blockchains in the cryptocurrency market. This blockchain gives it an excellent edge to go after big coins such as Ethereum and Bitcoin. However, the price's coin has still lagged below $2 against the US dollar. Interestingly, the coin has dominated surge ranks over the last year by recording a 1244% increase. A coin's future is often interred in the solution it solves and what efficiency it brings to decentralized finance. Cardano had a future since day one with its very promising proof of stake technology. This meant the coin could verify transactions cheaply and unlike the expensive proof of work system used by Bitcoin and Ethereum. Besides, the Cardano network can handle millions of transactions per second. There is a growing belief among decentralized experts that either XRP or Cardano could displace banks. If this is the case, the market capitalization of ADA will keep growing and gives you every reason to bet on the coin.

Polkadot (DOT)

Polkadot was floated in an ICO in October 2017 at a market price of $30. The coin was able to raise over $140 million and sold more than 10,000,000 DOT coins. Polkadot is loved for its multichain infrastructure, enabling decentralized developers to implement sidechains on the main blockchain. The currency is currently trading at $30 and this year holds big promise for the ecosystem. The team will enter into more partnerships and attempt to make the blockchain a center of innovation and investment.

Between February 2020 and February 2021, Polkadot soared by 755%.

Chainlink (LINK)

LINK is the third most improved cryptocurrency with a percentage gain of 697% over the past year. The altcoin is currently trading at $25. The main focus of the Chainlink is providing blockchains with data from reliable off-chain points. This will bring interoperability to the blockchain and help link between different blockchains. It's interesting to point out that LINK was only trading for $1.74 in February 2020. The coin is now above the single dollar price and holds bullish potential. On new year's day, LINK was trading at $11.45, and by today, the coin has added 100%. The project is attracting new partnerships and fans, and most developers are turning to the blockchain for decentralized solutions. According to Coinpedia, Chainlink will attain $50 by the end of 2021.

Ethereum (ETH)

Both Ethereum and Bitcoin take over 70% of the entire cryptocurrency capitalization. The coin has been breaking new all-time highs since the beginning of the year. Over the past decade, Ethereum has posted a record gain of over 39,583%. Between February 2020 and February 2021, the coin recorded a 693% surge. Ethereum passed the $150 billion market capitalization after breaking through the $1,500 price level. The Ethereum blockchain is entirely a transformation of how businesses enter into contracts without the need for intermediaries. One thing plaguing the blockchain is high traffic, but the developers are working on an upgrade to make it more scalable.

Binance (BNB)

Binance coin is the native token of the Binance Smart Chain. It was developed by the major cryptocurrency exchange - Binance Exchange. The asset was meant to be a payment vehicle for fees on the exchange, upon whose use traders received discounts. Furthermore, the coin is the main investment vehicle of ICO projects launched on the Binance Launchpad. Between February 2020 and February 2021, Binance Coin (BNB) gained 496% and attained a $230. A price prediction by WalletInvestor indicates BNB will reach a new all-time high in 2021 and hit $390 - $430.

Stellar (XLM)

XLM surged by 490% over the last year. The coin is currently trading at $0.3718 against the US dollar. XLM is the native currency of the Stellar network, which is a decentralized and open-source protocol for bridging between fiat and digital currencies. The developers hope the platform will transform how cross-border transactions take place.

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