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Reading: Ethereum Takes A Lead in Crypto Gains Outperforming BTC’s Price: Report
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Voice of Crypto > News > Ethereum Takes A Lead in Crypto Gains Outperforming BTC’s Price: Report
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Ethereum Takes A Lead in Crypto Gains Outperforming BTC’s Price: Report

Okereke Inno
Last updated: 2023/03/14 at 1:30 PM
Okereke Inno Published April 22, 2022 March 14, 2023
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VOC, Voice of Crypto, BTC, ETH, MATIC, TRON

As new tokens emerge in the crypto market, their investors also witness massive growth, more often than not. 2021 was an excellent turn-up year for crypto investors as the demand increased rapidly to the point where new investors were entering the market.

Higher Adoption and Participation 

Following the massive turn-up in assets like bitcoin and ethereum, and as more investors troop into the crypto market, a geographic analysis was run to ascertain the number of participants, both individuals, and countries, in the crypto market activities and to know the progress of crypto tokens. 

The Chainalysis report highlights the total investor data gain as $8162.7 billion in 2021, which is way higher than $32.5 billion in 2020. This data shows that participation in 2021 was the most significant year, with an average gain of $130.2 since the beginning of the crypto market.

The Chainalysis data shows that US investors, among other countries, took the lead out of the countries that participated in 2021 crypto market activities. They stormed home with a massive profit of $47.0 billion, up from $8.1 billion in 2020. 

They are followed by the UK, Germany, Japan, and China. Although China was a large country, it couldn’t measure up to the excellent record.

Ethereum Leads the Way

As bitcoin and ethereum are making waves in the crypto industry, their growth is slightly different. Although bitcoin is recognized as the world’s giant token, a report in December showed that Ethereum had pushed bitcoin off the ladder in the crypto market, rising 400%, and bitcoin is down by 70%. 

According to a blog post, “We believe this reflects increased demand for Ethereum as a result of DeFi’s rise in 2021, as most DeFi protocols are built on the Ethereum blockchain and use Ethereum as their primary currency.”

Due to this, Ethereum in 2021 measured up to a global gain of $76.3 billion over $74.7 billion in 2020 investment.

The report further stated that china’s low development price aided their downfall in crypto trading. They increase from $1.5 billion in 2020 t0 $5.1 billion in 2021, which is still a good increase considering the China crypto ban in 2021.

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TAGGED: Bitcoin, Blockchain, DeFi, Ethereum
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