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Cryptocurrency News Articles
6 Altcoins That Were Once Dismissed But Have Surged 1,000% or More
Jan 30, 2025 at 07:22 pm
The crypto market has always been a breeding ground for underdog stories, but few are as jaw-dropping as the meteoric rises of tokens like Shiba Inu
Despite being initially dismissed, several cryptocurrencies have gone on to deliver life-changing returns, surging over 1,000%. Here are six altcoins that were once mocked or overlooked but have since soared in value.
1. Shiba Inu (SHIB): Once Mocked as a Dogecoin Knockoff, Now Multibillion-Dollar Ecosystem
Launched in 2020 as a self-proclaimed “Dogecoin killer,” Shiba Inu (SHIB) was initially dismissed as a non-serious meme coin riding Dogecoin's momentum. Critics mocked its Shiba Inu dog mascot and lack of utility, branding it a cash-grab knockoff. But SHIB defied expectations, exploding by over 43,000% in 2021. What began as a joke evolved into a decentralized ecosystem with its own DEX (ShibaSwap), NFT projects, and layer-2 blockchain Shibarium.
2. Solana (SOL): Labeled an “Ethereum Killer Failure,” Now Top Blockchain in Speed
Solana faced brutal criticism after repeated network outages in 2021-22, with skeptics declaring its high-speed promises dead on arrival. Yet SOL staged a stunning comeback, leveraging its proof-of-history consensus to achieve 65,000 transactions per second (TPS) and near-zero fees. Today, Solana ranks among crypto's top five altcoins, and it's still praised for its unmatched speed and surging institutional adoption.
3. Pepe (PEPE): Initially Just Another Meme, Delivered Shocking Gains, Still Holds Strong Liquidity
Pepe (PEPE) debuted in April 2023 as a nod to meme culture, inspired by the iconic “sad frog” internet meme. Market participants dismissed it as a redundant, explicitly utility-free token destined to fade—until it surged an unprecedented 10,000% within weeks.
4. Polygon (MATIC): Critics Doubted Layer-2 Projects, MATIC Became Essential Scaling Solution
Polygon (MATIC) was initially dismissed by skeptics who questioned the need for Layer-2 scaling solutions, especially with Ethereum 2.0 on the horizon. However, MATIC proved its value by delivering fast, low-cost transactions and securing major partnerships with enterprises, gaming projects, and DeFi protocols. As Ethereum's growth outpaced expectations, demand for Polygon soared, pushing its price up by over 1,000%.
5. Dogwifhat (WIF): Joke-Turned-Phenomenon Outperformed Major Projects
Dogwifhat (WIF) started as a joke, another meme coin in a sea of fleeting trends. Few took it seriously, dismissing it as just another internet gimmick with no real utility. But as the meme culture continued to thrive, WIF gained unexpected
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- Canadian asset manager Purpose Investments is sufficient for the first Spot XRP Exchange-Traded Fund (ETF) at the Toronto Stock Exchange
- Feb 01, 2025 at 11:45 am
- This is a race against the United States, in which several companies have already submitted, but do not yet have to be approved. In her press release, Purpose said investments that they would bet that Canada would get there first.
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- New FASB Accounting Rule May Have Helped Tesla Book a $600M Bitcoin Profit, but It Could Land MicroStrategy With a Huge Tax Bill
- Feb 01, 2025 at 10:50 am
- Roughly 26% of Tesla's net income for the fourth quarter of 2024 came from its bitcoin holdings. The company was able to book these bitcoin-derived profits due to a change in Financial Accounting Standards Board (FASB) guidelines for crypto assets.
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- Intesa Sanpaolo, Italy’s Biggest Bank, Now Holds Bitcoin
- Feb 01, 2025 at 10:50 am
- With assets of approximately $1 trillion, Intesa Sanpaolo is Italy’s biggest bank. The purchase, made through a proprietary trading desk for digital assets established by the lender in 2023, comes amid a wave of institutional interest in Bitcoin.