Retail investors have reaffirmed their belief in Bitcoin after a spectacular 2021, new eToro data reveals. eToro’s 2021 cryptoasset leaderboard shows that Bitcoin saw a 223% increase in the number of opened positions on the platform year on year.
Bitcoin is the most opened cryptoasset by eToro users, followed by Cardano, Ether and Dogecoin.
Among the smaller coins, TRON performed best with a 661% increase year on year in the number of open positions while IOTA rose 514% and Stellar was up 468%. Dogecoin and Shiba while being ‘new’ to the eToro platform both made it into the top 10 most opened cryptoassets taking 4th and 7th place respectively.
Simon Peters, crypto market analyst at eToro commented:
“2021 was a momentous year for cryptoassets, with bitcoin and ether hitting all-time highs on more than one occasion. From El Salvador adopting it as legal tender, to the arrival of ETFs and institutional adoption, bitcoin is now firmly entrenched in the universe of investing.”
Beyond the top 10, investors on the eToro platform began snapping up newer cryptoassets as the decentralised finance (DeFi) boom arrived. Tokens such as Decentraland (MANA), Solana (SOL) and Chainlink (LINK) began the year as new tokens on the platform, but all ended in the top 20 most opened positions.
