El Salvador, the popularity of NFTs and the rise of Bitcoin: what else happened in the world of cryptocurrency in 2021? 🧐
The past year has become progressive for blockchain technologies and set new trends for the development of digital currency in the world.
Briefly about the key events:
▪️ Bitcoin returned to the scenario of 2013 and, along with Ethereum, reached its historical highs, the first rose to $69,000, the second to $4868. Market capitalization has exceeded $3 trillion, and long-term investors have increased bitcoin reserves.
▪️ Non-fungible tokens (aka NFTs) are the most discussed digital asset in 2021. The technology for acquiring unique virtual objects began to be developed in 2013, but has only become really popular now.
▪️ El Salvador became the first country in the world where bitcoin was legalized and officially recognized as the state currency. Against this background, the capacity of the Lightning Network has tripled.
▪️ The increase in token mining has allowed mining equipment manufacturers to receive record revenues, but such interest has led to a global deficit of video cards.
▪️ The ban on mining in China allowed the United States to take a leading position in this industry, Kazakhstan was second, Russia was in third place.
▪️ Two major payment systems, Mastercard and Visa, have announced their support for blockchain technology.
▪️ Metaverses and GameFi are another trend in 2021. After Mark Zuckerberg announced about rebranding to Meta, the sector began to gain popularity.
What events from the world of cryptocurrency that took place in 2021 became the most exciting for you?
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