These are the 10 best-performing cryptocurrencies so far in 2021 - and one is up more than 8,000%

Matthew FoxApr 17, 2021, 18:01 IST

Business Insider

Lucas Jackson/Reuters

Cryptocurrencies have been on a tear so far in 2021, with bitcoin up more than 100% year-to-date.
The Coinbase direct listing, the appointment of crypto-friendly Gary Gensler as SEC chairman, and celebrity endorsements have all helped foster a bullish environment for the digital coins.
Listed below are the 10 top performing cryptocurrencies so far in 2021 - one of which is up more than 8,000%.
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Cryptocurrencies have been all the rage in 2021, with bitcoin up more than 100% year-to-date as a bullish backdrop pushes the digital coin higher.

The bullish environment in crypto has been spurred by a number of factors, including the public trading debut of Coinbase, which was briefly valued at more than $100 billion, and the appointment of crypto-friendly Gary Gensler as SEC chairman.

Celebrity endorsements of certain cryptocurrencies have also helped boost the price of certain coins, with Tesla CEO Elon Musk and Food Network TV host Guy Fieri tweeting support for Dogecoin, a meme-inspired cryptocurrency that was started as a joke in 2013.

Government stimulus checks and easy monetary policy from the Fed have also likely contributed to the spectacular rise in cryptocurrencies this year, as investors continue to seek out investment opportunities based on their risk profile.

Whether the strong performance will last remains to be seen, but for now, it's hard to look away.

Listed below are the top 10 performing cryptocurrencies with a market valuation of more than $5 billion so far in 2021 - one of which is up more than 8,000%.

10. Filecoin

Ticker: FIL
YTD Performance: 657%
Market value: $12 billion