Digital currency price prediction in 2021
Bitcoin’s high profile ended the challenging 2020 with $29,550
The new high in history has entered the new year. Polkadot (Polkadot) made its BTC achievements to a record high (Read more:What is Polkadot? How Can Beginners Trade It?), and Ripple (Ripple) made up for the recent some of the losses.
- Bitcoin ushered in a new height in 2021
It is safe to say that Bitcoin has been developing in the past few days. After recovering from a short drop below $26,000, BTC continued to fall. It finally broke through US$29,000 and set a new all-time high of US$29,300 a few days ago.
On the last day of 2020, the bears controlled and pushed BTC to a low below $28,000. However, as the new year begins, cryptocurrencies refuse. It kept falling and triggered another impressive rise in the next few hours.
- The trend of Bitcoin in January 2021
We use the chart on platform Bityard, which allows investors to trade a wide range of cryptocurrencies, including DOT, BTC, DASH, ETH, EOS, LINK, XRP, TRX, USDT, LTC, ETC, etc., and also enables investors and traders to indulge in margin trading and enjoy the leverage of up to 5 times.
Analysis firm Sentiment stated that the increase in the number of daily active addresses on the Bitcoin network supports the recent price increase. The company has repeatedly emphasized that active
Address is closely related to the price performance of BTC.
Will DOT skyrocket in 2021?
Most of the top ten alternative coins remained relatively stable within 24 hours. Ethereum (-1%), Bitcoin Cash (-0.5%), Chainlink(-1.5%) and Cardano (-0.6%) showed small losses. In contrast, Binance Coin (1.6%) and Litecoin (1.7%) have increased in price value.
However, Polkadot (Polkadot) continues to maintain impressive performance, which has recently increased by 8%. As a result, DOT hit a history of about $9.50 new highs.
Although it ended at the end of 2020 due to controversy and a sharp drop in price, Ripple’s native token grew by 7% in one day to reach $0.23. Even so, since the SEC filed charges against payment processors in mid-December 2020, XRP has dropped by about 70%.
Further growth of low-end and mid-end altcoins is obvious. Algorand leads by 15%. Next is the right of retention (13%), Uniswap (12%), Avalanche (12%), NXM (12%), OceanProtocol (11%) and Elrond (10%). The total market value exceeded US$770 billion, and narrowed the gap with ATH, slightly more than 800 billion US dollars.
Notice: Please note that these price predictions should not be used exclusively for a purchase decision. The opinions are usually based on technical analysis which does not consider external factors often. Please do your own research based on our opinions to have your own judgment.
Read more: What is Polkadot? How Can Beginners Trade It?
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