Bitcoin warms up again and three more tokens stand out
2. January 2021
Bitcoin has warmed up again and has already broken the US$ 28,700 barrier. In this wave three tokens stood out: CEL, CRV and DOT
After the previous record set during the Christmas holiday of $28,300, Bitcoin (BTC), while the community wondered and speculated whether the late 2020 rally was over, Bitcoin has risen again in the last 24 hours.
BTC first surpassed the $27,000 mark and in the last few hours it has broken the $28,000 mark again. Another climb resulted in a bomb for its last record of $28,700 (at Binance).
Following in the footsteps of Wealth Matrix three tokens stood out in the last 24 hours: Celsius Network (CEL), Curve Token (CRV) and Polkadot (DOT).
Celsius Network (CEL)
Celsius Network is a loan and financing platform based on Ethereum. The Celsius Portfolio is designed to allow members to use currencies as collateral to obtain a loan in dollars and, in the future, lend their crypto to earn interest on deposited currencies. The CEL has increased 20.52% in the last 24 hours.
Token Curve (CRV)
The Curve protocol is a liquidity pool for decentralized exchanges (such as Uniswap) designed for: extremely efficient and low risk stable currency trading, supplementary fee revenue for liquidity providers, without an opportunity cost. The CRV has grown 13.69% in the last 24 hours.
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The Polkadot project allows cross-blockchain transfers of any kind of data or assets, not just tokens. The connection to Polkadot offers users the ability to interoperate with a wide variety of blockchains in the Polkadot network. DOT has increased 10.98% in the last 24 hours.
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Bitcoin on January 1st: R$ 29.199 Bitcoin on December 31st: R$ 152.960 what will be in 2021?
Bitcoin once again surpasses its historical maximum on the last day of the year and notes an appreciation of more than 400%.
In 2020 Bitcoin presented an exponential high and broke its historical maximum and set a new record value close to US$ 30 thousand.
In Brazil, due to the dollar’s rise, the profitability of the main cryptomeda in the market was even higher and passed 400%.
Thus, on January 1st Bitcoin ‘opened’ the year being quoted at $ 29,199 and this December 31st, the cryptomoeda is above $ 152,000, registering, once again, a new record value.
However, what to expect from Bitcoin price in 2021?
2021 and Bitcoin
For Citibank analyst Tom Fitzpatrick, Bitcoin could rise to $318,000 by December next year.
If this materializes, it will be a 102-fold increase, which would make this expansion cycle the weakest in terms of percentage growth in the history of Bitcoin.
For Fitzpatrick, after a year of unprecedented economic uncertainty and fiscal policy, investors will continue to seek refuge in Bitcoin to protect their wealth.
Likewise, Bloomberg analyst Mike McGlone also has major objectives for Bitcoin.
With the growing institutional support, McGlone believes that Bitcoin is ready to continue its high until 2021. According to him, the cryptoactive has the potential to break the market value of US$ 1 trillion. In parallel, BTC can reach US$ 50,000.
Blockfyre co-founder and managing partner of Moonrock Capital, Simon Dedic, also shared his forecasts for 2021.
According to Dedic, the last three years have been good for cryptomime. But he predicts something even better, with Bitcoin at US$ 150,000.