Checking the crypto market scoreboard for 2021

Ignore the day-to-day noise. As we enter the fourth quarter, crypto is on track for another banner year.

Photo by Kevin Ku via Unsplash

Re-sharing below the latest edition of #Web3Weekly, my regular newsletter about decentralization. This installment covers Sept. 26 to Oct. 2, 2021. If you’d like to get #Web3Weekly in your inbox every Sunday, please subscribe here.

The crypto market certainly finished the third quarter with a bang last week. Heck, token prices have so much momentum lately that even JPMorgan Chase chief Jamie Dimon, who called bitcoin a “fraud” back in 2017, is guardedly changing his tune now.

As we head into year-end, this is also a good time to check how crypto has performed so far in 2021 compared to other assets. Here’s the rundown through Saturday:

I love to “zoom out” like this periodically, as most other crypto press tends to focus on very short-term market moves. On a longer timescale, it becomes obvious crypto is having another banner year so far, helped by increased interest from both retail buyers and Wall Street.

It also strikes me that the outsize gains in ether and other altcoins versus bitcoin in 2021 so far bespeak an increasing focus on blockchain as a software platform, not just a currency mint. That vision is really at the heart of the Web 3.0 movement, so it’s good to see it gaining some market validation.

We’ll see how things go through year-end, when I’ll be sure to update the scoreboard again. In the meantime, let’s get to some headlines:

That’s it for now. Thanks for spending some time with the newsletter today! A full revision history of it, including earlier drafts, is available here. If you’d like to get updates like this in your inbox every Sunday, please join our email list here.

As ever, a quick disclaimer: This newsletter is intended for journalistic purposes only, not as investment advice. For the latter, please DYOR and consult appropriate financial pros to make the most suitable choices for your needs.

Head of Content & Writer Development at Capsule Social. Also publish the newsletter #Web3Weekly. Former reporter for WSJ, Washington Post, and Vice.