Cryptocurrency Ranking December 2021 | Not entirely unfulfilled hopes
Those who hoped that the price of one bitcoin would reach $ 100,000 by the end of the year must be deeply disappointed. But is it really so that the market of the king of cryptocurrencies has not shown the strength on which the community around it counted so much this year? We invite you to the Bithub Cryptocurrency Ranking December 2021.
On-chain data suggests that 2021 was the year of BTC accumulation. Long-term (LTH) holders added 16% more digital coins to their wallets during this period. According to Glassnode’s report, the short-term supply of (STH) BTC decreased by 32%, while the long-term shareholding increased by 16% in 2021.
STH is the circulating portion of the bitcoin supply that is less than 155 days old. The BTC “age” is calculated by analyzing each coin in the chain and seeing when it was last involved in any transfer. LTH includes coins that have not recorded any movement for at least 155 days.
Here is a chart that shows the distribution of different positions in the BTC market throughout the history of the cryptocurrency so far:
Bitcoin in December 2021.
The price of the cryptocurrency fell by about $ 10,000 in December, reaching $ 46,000 at the end of the month. There were many indications that after the record price reached a month earlier (USD 69,044.77), bitcoin underwent a healthy, expected correction, which was a natural consequence of the dynamic increases that preceded it. The end of the month, however, did not see the BTC / USD rebound again.
At the time of preparing this publication (01/01/2022), the bitcoin price was 47,057 USD, which was equivalent to a 1% decrease in the last day, and at the same time about 7.6% decrease over the last week (CoinGecko).
As for the end of the month, the market drew a red candle for the second month in a row:
The situation on the ethereum market
December saw a strong wave of declines in the price chart of the largest altcoin. The ETH / USD exchange rate dived practically from the beginning of the month – from around USD 4,700 to around USD 3,600. Comparing this with the situation on the BTC / USD market, we see a similar (percentage) dimension of declines.
At the time of preparing this publication (01/01/2022), ethereum had to be paid 3,711 USD, which was equivalent to a 0.5% decrease in the last day and at the same time with nearly 9% increase in the last week (CoinGecko).
The number of ETH burned in December on the Ethereum network exceeded 233,000 digital coins. It is worth recalling that thanks to EIP-1559, the base fee is burned during each transaction, which reduces the supply of ETH in circulation. Since the London Hard Fork, the daily ETH consumption rate has been steadily increasing. As for the past month, the statistics on ETH combustion are as follows:
Ethereum developers launched the Kintsugi test network in December, providing a testing ground before the Beacon Chain (PoS) is finally merged with the Etehreum (PoW) main network. This is another important milestone on Ethereum’s path to increasing the dimension of scalability and reducing horrendous gas prices.
Gas prices in the Ethereum network
Here’s what the situation on the Ethereum gas market looked like in December:
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Record-breakers in terms of price increase (30 days) (altcoins and tokens)
Data as of December 31, 21:
DeFi
The total value of funds blocked in the DeFi protocols exceeded $ 99 billion at the end of December (data as of December 31, 2021):
As for the amount of funds blocked under individual DeFi protocols, the market power distribution was as follows (TOP 10):
NFT
The non-convertible tokens (NFT) market in terms of copies sold reached 356,936 tokens in December, for which a total of just over $ 1.2 billion was paid. The number of wallets with any NFT parked in December exceeded 182,400 addresses.
Which tokens achieved the highest prices?
If you’d like to know more about the biggest NFT drops and sales in the past year, check out the article below:
Top 5 most read texts on Bithub in December 2021:
- https://bithub.pl/kryptowaluty/bitcoin/bitcoin-podomie-jak-w-2017-ra-jednak/
- https://bithub.pl/kryptowaluty/bitcoin/willy-woo-traderzy-bitcoina-robia-cos-czy-nie-robili-od-marca-2020-r/
- https://bithub.pl/kryptowaluty/kryptowaluty-ostro-w-dol-dzien-jak-co-dzien-w-krypto/
- https://bithub.pl/kryptowaluty/3-projekty-wokol-ktorym-moze-byc-niebawem-bardzo-goraco/
- https://bithub.pl/wiadomosci/11-lat-temu-satoshi-nakamoto-opublikowal-swoj-ostatni-post-na-bitcointalk/
It’s been 5 months since we launched the weekly cycle of summaries of the most important events on the cryptocurrency market under the slogan Krypto Week. Below you will find links to the December Weekly Summaries:
You can read the next entry from this series on Bithub next Sunday :).
How will the situation on the digital asset market develop in January 2022? For this, of course, we will have to wait a while longer. In the meantime, see what the December 2021 Cryptocurrency Ranking looks like.
BitHub Cryptocurrency Ranking December 2021
The December 2021 Cryptocurrency Ranking is based on monthly volume. Thanks to this, we were able to include in the list the projects with the highest “popularity” in a given month, which in turn is not reflected in the value of their capitalization. This allowed the ranking to obtain “liquidity” and to include a different structure of digital coins in it every month. The data for the ranking comes from coinmarketcap. Traditionally, we present the rates of return of 30 virtual currencies along with DeFi tokens from the last month, excluding stablecoins.
Comments are of course an inseparable element of every Bithub Cryptocurrency Ranking. In the current December ranking, JPK Traders comment on the market situation for you.
A list of 30 cryptocurrencies and DeFi tokens with the largest 30-day volume with capitalization as of December 31, 2021 (values in billions of USD):
| Cryptocurrency | Volume (30 days) | Capitalization (total) |
| BNB | 2939 | 86 |
| BTC | 1117 | 895 |
| ETH | 730 | 445 |
| LRC | 193 | 2.7 |
| MATIC | 99 | 18 |
| GLOW | 91.7 | 31.4 |
| XRP | 88 | 39.8 |
| DOT | 68.5 | 26.6 |
| SALT | 65.3 | 53 |
| DOGE | 61.4 | 22.7 |
| ADA | 50 | 44.8 |
| SHIB | 47.4 | 18.6 |
| LTC | 42.2 | 10.3 |
| BCH | 41.2 | 8.1 |
| EOS | 39.8 | 3 |
| SUSHI | 38.8 | 1.2 |
| AVAX | 36.6 | 25.1 |
| FLEX | 36.6 | 0.4 |
| TRX | 34.2 | 7.8 |
| FTM | 32.5 | 5.3 |
| MANA | 31.2 | 6.1 |
| SAND | 30.5 | 5.5 |
| LINK | thirty | 9.3 |
| GXC | 27.8 | 0.14 |
| GALA | 26.4 | 3.2 |
| AAVE | 25.4 | 3.5 |
| NEAR | 23.2 | 9.2 |
| ATOM | 22.5 | 6.9 |
| DENT | 21.2 | 0.4 |
| CRV | 18.8 | 2.3 |
Cryptocurrency Market Cap
The market capitalization of digital assets ranged between USD 2 – 2.4 trillion in December. The index ended the month with a figure around $ 2.14 trillion:
BTC market dominance
Bitcoin’s market dominance refers to the relationship between the BTC market capitalization and the total cryptocurrency market capitalization. The cryptocurrency king’s dominance ratio reached 40% at the end of December.
Volatility% BTC / USD
Daily number of transactions
The daily number of transactions on the Bitcoin network fluctuated in a fairly wide range last month, between 198,000 and 310,000. The number of confirmed transactions ended December at around 276,000:
Transaction fees in the Bitcoin network
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Google Trends – phrases:
Number of bitomats
The number of bitomats was 34,049 at the end of December. This is 1941 more devices than in November. According to Coin ATM Radar, more than 20,000 new bitomats have been installed worldwide since the beginning of 2021.
Bitomats are the easiest way for many people to buy or sell cryptocurrencies. As a result, their adoption increases and Bitcoin becomes closer to the public. Moreover, bitomats are an opportunity for some to avoid high taxes on investments in virtual currencies.
Are you looking for a bitomat near you? Check it out here.
Commentary on the cryptocurrency market in December 2021
JPK Traders
Another year on the cryptocurrency market is ending. Bitcoin investors started at $ 30,000. Already in mid-March, the price had risen to $ 60,000. During this time, cryptocurrencies became very popular and many small investors bought BTC up the hill. Two months of BTC trading struggled with this resistance. On other cryptocurrencies, for example ETH, the price increased from $ 2,000 to $ 4,000 during this time. XRP has grown from around $ 0.43 to $ 1.95.
In May, bitcoin quickly returned to the level from which it began in 2021. The next two months, the price continued to consolidate, only to return to $ 60,000 in October. This level was broken up, but only to come back down again.
The year ends within the psychological limit of $ 50,000. Many analysts predict deep drops. Others suggest a potential for growth. These, in turn, will be possible after breaking the $ 50,000 resistance again. One thing is for sure – you have to watch the market and react quickly.
That’s all when it comes to the Cryptocurrency Ranking December 2021. Another publication from this cycle in a month. See you soon!
Are you looking for a place where you can discuss your favorite cryptocurrencies with active and experienced market practitioners? Join the Bithub Krypto Polska community on Telegram!
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From the editorial office
This article, neither in whole nor in part, constitutes a “recommendation” within the meaning of the provisions of the Act of July 29, 2005 on trading in financial instruments or the Regulation of the European Parliament and of the Council (EU) No. 596/2014 of April 16, 2014 on market abuse (market abuse regulation) and repealing Directive 2003/6 / EC of the European Parliament and of the Council and Commission Directives 2003/124 / EC, 2003/125 / EC and 2004/72 / EC and Commission Delegated Regulations (EU) 2017/565 of 25 April 2016 supplementing Directive 2014/65 / EU of the European Parliament and of the Council as regards organizational requirements and operating conditions for investment firms and defined terms for the purposes of this directive. The content contained on the website does not meet the requirements for recommendations within the meaning of the above-mentioned act, incl. do not contain a specific valuation of any financial instrument, do not rely on any valuation method, and do not identify investment risk.