At the end of 2020 and until 2021, a large number of digital assets made significant profits and the clumsy season that followed 2017 changed its course. Bitcoin reached an all-time high on February 11, 2021, reaching $ 49k per coin, and three-month statistics show that bitcoin has risen 198%. Despite the phenomenal 90-day gains, numerous alternative crypto-assets have experienced much greater increases. The infamous dogecoin has risen 2,322% over the past three months.
Performances of Crypto Asset Market in 2021
Bitcoin and the crypto-economy gradually exceeded the valuation point of $ 1 trillion and on Friday, February 12, 2021, the crypto-market capitalization of all the currencies is worth $ 1.41 trillion. The previous day, bitcoin (BTC) on Thursday reached another everyday high (ATH) that hit about $ 49,000 per unit.
BTC has made significant gains this year, and the crypto asset has increased by 149.16% since the ATH in 2017. Bitcoin has made 198% in profit over the past 90 days and the dominance index of bitcoin is 61.1% on Friday. This means that although BTC has largely jumped in value, alternative crypto-assets have seen larger price increases.
As mentioned above, dogecoin (DOGE) has made incredible profits over the past three months, jumping 2 322.09% in value during that time. DOGE is the second largest profit maker in the last 90 days, but the orion protocol token (ORN) has increased by a whopping 50,641.88% so far.
It’s hard for any crypto-assets to match ORN’s leap, but there are a whole host of other alternative assets that have made very large gains in 90 days. Among the meme token dogecoin is telcoin (TEL), which achieved 2,281.63% within 90 days.
A number of other notable drawing assets that clinch the ranks include sushi whip (SUSHI 1,446.24%), avalanche (AVAX 1,285.09%) and cardano (ADA 1,226.06%). The biggest losers over the past three months include currencies such as aced (ACED -98.85%), wavego (WHO -84.75%) and digitex futures (DGTX -79.86%).
As for the changes against the US dollar from 2020 to now, bitcoin (BTC) has risen 301.46%. The biggest top ten position that has achieved the biggest dollar gain since the beginning of 2020 is ethereum (ETH) which has since risen by 463.55%.
But over the course of 2020, a number of other currencies have had larger gains so far. For example, data from messari.io shows since the beginning of 2020 that gaming stars (GST) increased by 68,928.03%, and token zap (ZAP) increased by 5,716.86%.
Some currencies have lost more than 90% of their values since 2020, as signs such as jibrel network (JNT), thore cash (TCH), educare (EKT), omnitude (ECOM) and ors group (ORS) have lost between -94.98% . to -98.49% in value.
Analysts expect ‘more use due to mainstream attention’
The crypto-economy has risen significantly after Tesla revealed from Elon Musk that it had bought $ 1.5 billion in bitcoin (BTC). In addition, Musk regularly discussed the meme-based crypto-asset dogecoin (DOGE).
Optimistic news that proponents are also discussing is the recent announcement of Crypto support from Mastercard, Jay Z, Lil Wayne and Jack Dorsey. 500 BTC donate to fund bitcoin development teams in Africa and India. The oldest financial institution in America, BNY Mellon, also offers cryptocurrency services.
A week changing for cryptocurrencies, David Mercer, CEO of LMAX Group, told news.Bitcoin.com. ‘Musk has just found the old roadmap for corporate treasurers everywhere. Financial institutions are now preparing to follow their clients. We are beginning to see that institutions are driving disruption, which is the beginning of an exciting journey. What is unmistakable is that cryptocurrencies are now becoming an accepted destination. ‘
Broctagon Fintech Group feels the same way, as CEO Don Guo also discussed all the positive announcements this week.
“The introduction of BNY Mellon and Mastercard to the cryptocurrency space, following the recent Tesla news, indicates a new price boom for bitcoin,” the CEO of Broctagon Fintech Group wrote. “Such a large institutional underwriting will allow digital assets to continue even further into the mainstream this year, and we expect the survey to continue to perform due to the attention of the mainstream.”
What do you think of the last three months’ changes to the crypto-assets? Let us know what you think of this topic in the comments below.
Image Credits: Shutterstock, Pixabay, Wiki Commons, Tesla, BNY Mellon, Mastercard, City of Miami, Messari.io, Bitcoinwisdom.io,
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