We examine the top five best performing stocks and cryptocurrencies of the year and their prospects in 2022.
Five Best Performing Stocks of 2021
· BioNTech SE ADR
Year to Date Return: 237.6%
Sector: Healthcare
Market Cap: $61.80 Billion
It comes as no surprise that BioNTech the company that produced the infamous Pfizer vaccine ranks as one of the best performing stocks of 2021. With the coronavirus pandemic reaching its peak and many countries beginning a rapid vaccination drive to immunize their populations, BioNtech generated a revenue of 17 billion euro for its last quarter of the year.
For 2022, it can be expected that BioNtech maintains the same level of performance as booster vaccines get rolled out.
· GameStop Corp. (GME)
Year to Date Return: 815.0%
Sector: Consumer Discretionary
Market Cap: $13.2 billion
A known retailer of video games and other entertainment items, GME saw its stocks soar during 2021 in a phenomenon known as short squeeze. This was initiated through users of the online forum Reddit.
However, the prospects of GME in 2022 does not seem as upbeat as their skyrocketing stocks. It becomes important to note that GME did in fact report a net loss of $61.6 millions during the second quarter of 2021.
· Continental Resources Corp
Year to Date Return: 167.1%
Sector: Energy
Market Cap: $15.7 billion
As an oil and gas company, Continental Resources saw a net income of $369.3 million on a revenue of $1.3 billion during the third quarter of 2021. This indicates 93.7% year on year increase from the previous year.
Continental continues to benefit from the high oil and gas prices resulting from the supply chain shortages caused by the coronavirus pandemic.
It is safe to say that Continental Resources may carry they steady hold on the oil industry into 2022.
· Upstart Holdings Inc. (UPST)
Year to Date Return: 321.1%
Sector: Financial Services
Market Cap: $14.1 billion
Upstart Holdings typically known as a lending platform, saw a 201% increase in net income during the year 2021. Shares for Upstart have become popular since they began trading on NASDAQ in December 2020.
Upstart seems to be having a bright future with its rise in shares being attributed to its profitable and fast-growing nature.
· Moderna Inc. (MRNA)
Year to Date Return: 193.6%
Sector: Healthcare
Market Cap: $12.4 billion
Similarly to Biontech, moderna saw an increase in shares with its research during the coronavirus pandemic. It also focuses on research involving mRNA vaccines for a number of medical needs. The sales of Moderna skyrocketed during the pandemic due to its successful invention of a vaccine.
Moderna generated a net income of $3.3 billion during the third quarter of 2021 which was up almost 32 times from the previous year.
With the pandemic showing no signs of ceasing it is safe to say the Moderna has a good future in 2022. With booster drives and more medical research needed, it would prove a meritable company to invest.
Five best performing cryptocurrencies of 2021
· Dogecoin
Year to Date Return: 3915.05%
Market Cap: $24.1 billion
Dogecoin developed its rise in shares through a famous internet meme involving its founder Elon Musk. In the year 2021, Dogecoin accumulated for 62% of crypto revenue.
· Ethereum
Year to Date Return: 447.14%
Market Cap: Over $557 billion
Ethereum acts as both a cryptocurrency and a blockchain making it highly attractive to program developers and skilled traders alike. In 2021, the price of Ethereum soared to reach over $4800 allowing them to generate a net income of $23 million for the last quarter of the year.
It can be established that the hype for cryptocurrency only gets larger in the coming years, making Ethereum’s future for 2022 look bright.
· Bitcoin
Year to Date Return: 78.01%
Market Cap: Over $1.08 trillion
Bitcoin, commonly known as the start of cryptocurrency saw a growth of revenue by 405% during the second quarter of the year. With the growing popularity of cryptocurrencies worldwide, Bitcoin has become a household name in 2021.
The price per bitcoin as of November 2021 stands over $57,000 making it safe to say that bitcoin’s prospects in 2022 look nothing but up. However, there is evidence of mounting competition making the industry of cryptocurrency more interesting than ever.
· Binance Coin
Year to date return: 235.6%
Market Cap: Over $104 billion
Binance is the cryptocurrency used to trade on one of the world’s largest trading platforms, Binance. It has seen a huge growth from its beginning in 2017 with the current price per Binance as of 2021 November being $628.
As of October 2021, Binance has 28.6 million users worldwide. This number is only likely to grow in 2022 making Binance a cryptocurrency to look out for in the future.
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