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It has been an extraordinary 2021 for cryptocurrencies in general. Several milestones, integrations, and partnerships reached by many tokens led to an overall price boost.
Here Is How HBAR, Kadena, Floki Inu Have Performed This Year
Hedera (HBAR)
Hedera marked several milestones and integrations in 2021. For instance, HBAR surpassed the 1.5 billion transaction mark in August. The Hedera public network is an eco-friendly distributed LEDGER technology (DLT), designed for high-volume usages such as supply chain, verifiable proofs for data, payments, advertising, tokenization of assets, and more. Hedera has seen additions to its governing council, including the Indian Institute of Technology Madras (IITM) and the London School of Economics.
In late November, Shinhan bank, a leading Korean bank, announced plans to mint South Korean Won (KRW)-backed stablecoins on Hedera. The HBAR Foundation and MetaVRse recently announced a partnership to build Enterprise Metaverse solutions for global organizations on the Hedera Network. Hedera rose to record highs of $0.583 on Sept. 16 and presently trades at $0.319.
Kadena (KDA)
Kadena (KDA) was one of the few tokens that exploded higher in Q3. After trading under a dollar in the earlier part of the year, the KDA token surged 3,500% between September and early November to reach all-time highs of $28.58 on November 11th.
Presently trading up 13.67% on the day at $15.33, the KDA price is gradually making a comeback after a period of decline. In early December, Kadena made changes that will give both users and developers the ability to mint and buy non-fungible tokens (NFTs).
Marmalade, the new Kadena standard for NFTs introduced to address the challenge of the inability to enforce requirements on the sale of the NFT. Same December, Kadena announced the KIP-0014, which enhances Kadena Account Protocols with Guard and Rotatable Accounts and the first wrapped Bitcoin minted on its testnet.
Floki Inu (FLOKI)
Floki Inu rose nearly 45% on Dec. 25 when Tesla CEO posted a cute floki Inu picture with the caption ”floki Santa”. The major highlights for the year include its partnership with blockchain data giant Chainlink and that with Russian football giants Spartak Moscow.
FLOKI also announced its partnership with InverseFinance to bring DeFi to more than 370,000+ Floki token holders. AscendEX and Bithumb are the latest exchanges to embrace Floki Inu. Floki traded at $0.000135 as of press time.
Three Crypto Trends To Pay Attention to in 2022
While 2021 saw a massive rise for Dog-themed coins, Layer 2, and Metaverse tokens, Few market experts are suggesting what might be the hot trends for 2022.
NFT Tokens
Jesse Powell, CEO of Kraken, sees NFTs becoming “a much bigger thing” in 2022 not because of the aesthetic values and prestige associated with acquiring some NFTs but also due to their utility as provenance tracking, borrowing, and lending. ”I think next year is going to be the year of NFTs,” He stated.
Interoperable Blockchains
According to James Malcolm, head of FX strategy at UBS, while scaling remained the big theme that blockchain focused on this year, He predicts that “the next big thing” in 2022 will be the idea of blockchain interoperability. Already interoperable blockchains such as Polkadot, Cosmos have made significant progress in 2021, which might indicate that more is yet to come.
Stablecoins
Besides Bitcoin and Ethereum, Mike McGlone, senior commodity strategist at Bloomberg Intelligence, is also bullish on stablecoins that he referred to as “crypto dollars.” He says, ”Stalwart crypto dollars, along with bitcoin and ethereum, are poised to stay atop the ecosystem vs. about 15,000 rivals jockeying for speculative leadership”.