Jakub Porzycki/NurPhoto via Getty Images
Altcoins have been a major driver of the booming cryptocurrency market, which briefly topped a $3 trillion capitalization in 2021, with shiba inu and others leading in value and popularity growth, according to analysis published Monday.
Bitcoin remains the biggest cryptocurrency with a roughly 42% volume dominance and a $1.1 trillion market capitalization, and its skyrocketing price has captured attention and funds from institutional and retail investors.
“And while Bitcoin is undoubtedly still the king of cryptocurrencies, there are thousands of other coins and tokens, some of which have actually enjoyed greater surges in popularity and price than Bitcoin in the last twelve months,” said BrokerChooser, an international broker comparison website, in a report.
The company, which hosts reviews of brokers in 227 countries and territories, said it compared interest via Google search data and price in terms of US dollars between September 2020 and September 2021 for the 50 current biggest crypto coins.
Shiba inu increased the most by each measure, with its value surging by 2.4 million percent over a 12-month period ended September 2021. A recent…