{"id":283,"date":"2021-05-25T12:35:28","date_gmt":"2021-05-25T12:35:28","guid":{"rendered":"https:\/\/digitalcoinprice.com\/blog\/?p=283"},"modified":"2023-03-29T11:05:54","modified_gmt":"2023-03-29T11:05:54","slug":"2021-is-the-year-of-crypto","status":"publish","type":"post","link":"https:\/\/digitalcoinprice.com\/blog\/2021-is-the-year-of-crypto","title":{"rendered":"2021 is the Year of Crypto"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_73 counter-flat ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Content<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #223c50;color:#223c50\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #223c50;color:#223c50\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/digitalcoinprice.com\/blog\/2021-is-the-year-of-crypto\/#The_Bitcoin_Rise\" title=\"The Bitcoin Rise\">The Bitcoin Rise<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/digitalcoinprice.com\/blog\/2021-is-the-year-of-crypto\/#Elon_Musk_Tesla_and_Crypto\" title=\"Elon Musk, Tesla, and Crypto\">Elon Musk, Tesla, and Crypto<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/digitalcoinprice.com\/blog\/2021-is-the-year-of-crypto\/#The_NFT_hype\" title=\"The NFT hype\">The NFT hype<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/digitalcoinprice.com\/blog\/2021-is-the-year-of-crypto\/#Innovative_Projects\" title=\"Innovative Projects\">Innovative Projects<\/a><\/li><\/ul><\/nav><\/div>\n<p><span style=\"font-weight: 400;\">2021 is The Year of Crypto &#8211; The cryptocurrency domain has put its stamp on the worldwide economy since 2009. However, nobody took it too seriously until this year &#8211; when suddenly everyone knew about crypto. Even our dear grandparents.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">So what exactly happened that put blockchain technology on the pedestal? And what consequences has it brought? In this article, we will look at some of the most significant events of crypto in 2021.\u00a0<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"The_Bitcoin_Rise\"><\/span><strong>The Bitcoin Rise<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">You all know what we are talking about. On January 9th, Bitcoin hit 40k &#8211; its largest value at that moment. This unexpected rise quickly caught the attention of big investors, like Paul Tudor Jones or Rick Rieder.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">And we don\u2019t talk about a couple of thousands of dollars in investments. The Guggenheim partners invested no less than $500 million in getting Bitcoin.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">And then, the most influential businessman joined the game, with an investment of no less than $1.5 billion in Bitcoin &#8211; Elon Musk.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Elon_Musk_Tesla_and_Crypto\"><\/span><strong>Elon Musk, Tesla, and Crypto<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Always looking for innovation, Elon Musk happily entered the crypto business as soon as it reached its peak. Not only that he bought almost $2 billion in BTC, but he publicly announced that Tesla was opening up to Bitcoin in February.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">A couple of months later, he posted a tweet about Dogecoin, simply asking, \u201cHow much is that Doge in the window?\u201d. Despite the fact that he later added a comment telling, \u201cI don\u2019t own or sell any Doge\u201d, the price and popularity of the Meme coin skyrocketed.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The price was up by more than 11% after just a couple of hours from that tweet. So what did Elon Musk do? He went with the flow and started sharing memes about Doge &#8211; which raised its value to $0.65, from $0.05.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">That means an increase of value by 1200%.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The tweet that settles everything is the one posted on May 22, where Elon Musk declares that he prefers crypto over fiat.\u00a0<\/span><\/p>\n<p><i><span style=\"font-weight: 400;\">\u201cThe true battle is between fiat &amp; crypto. On balance, I support the latter\u201d.<\/span><\/i><span style=\"font-weight: 400;\">\u00a0<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"The_NFT_hype\"><\/span><strong>The NFT hype<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">That would be March, for sure. The month when everybody wanted to buy and sell Non-Fungible Tokens &#8211; from companies to artists all around the world.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The hype was real, and it mostly happened on Twitter, where everyone is free to say whatever they want without having to deal with such strict rules as on Facebook. And the music industry got really into it.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Grimes sold $5.8 million of NFTs in just 20 minutes, and 3LAU sold no less than 33 NFTs for $11.6m. This was big news not only for artists but also for their crew and everybody who contributes to their success.\u00a0<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Innovative_Projects\"><\/span><strong>Innovative Projects<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Now that Crypto was on the rise, people drove their attention to the most interesting crypto projects they could find. And those who launched this year definitely had the most success.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Take <\/span><span style=\"font-weight: 400;\">Student Coin<\/span><span style=\"font-weight: 400;\">, for example &#8211; a platform that allowed users to raise funds through crowdfunding in exchange for STC-based tokens. This caught the attention of more than 500 universities and hundreds of entrepreneurs.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In just 12 hours after the launch of the STC token, more than $1 billion valued STC Tokens were sold.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">What do you think the second half of this year will bring us? Tell us in the comments!<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>2021 is The Year of Crypto &#8211; The cryptocurrency domain has put its stamp on the worldwide economy since 2009. However, nobody took it too seriously until this year &#8211; when suddenly everyone knew about crypto. Even our dear grandparents. So what exactly happened that put blockchain technology on the pedestal? And what consequences has [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":279,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-283","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-guide"],"_links":{"self":[{"href":"https:\/\/digitalcoinprice.com\/blog\/wp-json\/wp\/v2\/posts\/283","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/digitalcoinprice.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/digitalcoinprice.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/digitalcoinprice.com\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/digitalcoinprice.com\/blog\/wp-json\/wp\/v2\/comments?post=283"}],"version-history":[{"count":5,"href":"https:\/\/digitalcoinprice.com\/blog\/wp-json\/wp\/v2\/posts\/283\/revisions"}],"predecessor-version":[{"id":2451,"href":"https:\/\/digitalcoinprice.com\/blog\/wp-json\/wp\/v2\/posts\/283\/revisions\/2451"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/digitalcoinprice.com\/blog\/wp-json\/wp\/v2\/media\/279"}],"wp:attachment":[{"href":"https:\/\/digitalcoinprice.com\/blog\/wp-json\/wp\/v2\/media?parent=283"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/digitalcoinprice.com\/blog\/wp-json\/wp\/v2\/categories?post=283"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/digitalcoinprice.com\/blog\/wp-json\/wp\/v2\/tags?post=283"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}