Bitcoin (BTC), the first-ever cryptocurrency, is still the pacesetter in 2021 with a market cap of more than $1 trillion and a single token price value of over $50,000 as of October 8, 2021. Ethereum, the second-most valuable cryptocurrency, had a market cap of around $400 billion as of the same date. The success of Bitcoin has spawned the creation of more than 5,000 other cryptocurrencies, all of which are known as altcoins. Below are the four altcoins that increased in value the most during the first three quarters of 2021.
OMI is the utility token used on Ecomi’s VeVe app, which is a marketplace through which individuals can buy, sell, and trade non-fungible tokens (NFTs). The token increased in price by more than 15,000 percent through the first three quarters of 2021 as a result of Ecomi’s partnerships with iconic pop culture brands such as Marvel, Adventure Time, DC, and Star Trek.
OMI tokens can be purchased at multiple exchanges, including Bitforex, Uniswap, and AscendEx. A $1,000 investment in OMI at the beginning of 2021 would have returned $150,340 through the third quarter of 2021.
Gala Games is a company that is striving to redefine how users play games with a renewed focus on creative thinking made possible by blockchain technology. Players can use the business’ utility token, GALA, to influence what games it should develop. To date, it has released one playable game (Town Star) and released a popular NFT collectible series; its most expensive NFT is valued at $3 million. Gala Games has more than 1.3 million active users per month.
Axie Infinity’s utility token Axie Infinity Shards (AXS) increased in value by 10,598.52 percent through the first three quarters of 2021. Built on the Ethereum platform, Axie Infinity stands out as the most notable Play-to-Earn crypto gaming ecosystem. Players own and are responsible for the health of digital pets and can perform community-based tasks to receive rewards.
Telcoin is another Ethereum-based platform that was created to facilitate cross-border remittances in the telecommunications sector. It is particularly beneficial for service providers with clients residing in regions without access to traditional banks. It is active in markets including Indonesia, Uganda, and Kenya. Its utility token, TEL, increased in value by 9,597.44 percent through the third quarter of 2021.