Bankless 2021 ROLLUP: Top 20 Crypto Moments in 2021
Dec 23, 2021
As the year closes, the countdown reveals the top cryptocurrency moments of 2021. Highlights include the explosive rise of meme stocks like GameStop and institutional adoption from major players like Tesla. China's crypto ban reshapes mining dynamics, while NFTs surge with record-breaking sales. Coinbase's NASDAQ debut legitimizes the industry, and the emergence of gaming guilds signals a new organizational era. Cultural shifts showcase crypto's mainstream acceptance, fueled by influencers and discussions around the metaverse.
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GME Short Squeeze
- The GameStop short squeeze demonstrated the power of retail investors coordinating against institutions.
- It highlighted existing power structures where institutions can halt trading.
Layer 2 Arrival
- Layer 2 solutions finally arrived on Ethereum after years of anticipation.
- These solutions offer EVM compatibility and smart contract capabilities, improving scalability.
China Ban's Impact
- China's crypto ban had significant global implications.
- It shifted mining to the West, potentially impacting China's economic dominance.