Price Analysis on Most Promising Cryptocurrencies
Since the beginning of 2021, the overall cryptocurrency industry has been gaining a lot of growth in terms of market capitalization, prices, and adoption. Almost every cryptocurrency has been making a name for itself in the mainstream market.
However, there some particular cryptocurrencies that have been gaining more attention than other cryptocurrencies. One of the major reasons is the amount of time these assets have spent in the cryptocurrency markets since the advent of the crypto-industry.
At present, some of the most prominent cryptocurrencies are Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB), Ripple (XRP), Cordana (ADA), Polkadot (DOT), and Uniswap (UNI).
However, this time, only Bitcoin (BTC) and Ethereum (ETH) will be discussed because they have made significant improvements in the last seven days.
On first, it is Bitcoin (BTC), which is the largest cryptocurrency in the entire world and needs no introduction. Despite facing several drops in its price since January 11, 2021, Bitcoin (BTC) has managed to keep its head high. The digital asset has been making a lot of name in the mainstream markets
Several mainstream institutions have started adopting Bitcoin (BTC) in the form of long-term investment assets, payment methods, and trading assets. The digital has gained enormous adoption in the past couple of years and in December 2020, it managed to break from the 2017 chains.
Back in 2017, Bitcoin (BTC) had hit its first all-time high of $19k per BTC before it plunged all the way to the bottom. Since then, it has regained its momentum and in December 2020, it surpassed its previous all-time high and went on to achieve more milestones.
After hitting its all-time high of $61.7k in the middle of March, its prices went all the way down to $53k per BTC. Since then, the price of BTC struggled to stay bullish and came all the way up to $58k before becoming stable above that figure.
However, after almost 2 weeks, BTC has again gained momentum, and just yesterday, April 9, 2021, it managed to cross the $60k per BTC figure again but not the $61k figure.
Then there is Ethereum (ETH), which despite facing several issues related to high gas fees, congestion, and scalability, is still able to maintain its worth in the market.
Similar to Bitcoin (BTC), Ethereum (ETH) continued gaining momentum throughout the year 2020 and stepped into 2021 with more fortune. Ethereum (ETH) also managed to break its previous all-time high of around $1,600 per ETH benchmark in the month of January 2021, when it hit the $1,800 per ETH mark.
After that, its price continued fluctuating between the $1,600 and $1,800 per ETH price. However, it has recently made a comeback alongside BTC and is currently trading above the $2,134 per ETH price. This is also not the all-time high for ETH as it managed to hit $2,172 per ETH within the last 7 days and then rebounded to $2,134 per ETH.