During the end of 2020 and until 2021, a large number of digital assets have seen significant gains and the bearish season that followed 2017 has turned its course. Bitcoin reached a high price high on February 11, 2021 and reached $ 49,000 per coin and three-month statistics show that bitcoin has increased by 198%. Despite the phenomenal 90-day gains, many alternative cryptocurrencies have seen much larger increases. The infamous dogecoin, for example, has increased by 2322% in the last three months.
Crypto Asset Market Performance 2021
Bitcoin and the crypto-economy have steadily surpassed the $ 1 trillion mark, and on Friday, February 12, 2021, the crypto market value of all coins worth $ 1.41 trillion. The day before, bitcoin (BTC) reached another full-time high (ATH) on Thursday, hitting about $ 49,000 per unit.
BTC has seen some significant gains this year, and cryptocurrency has increased by 149.16% since ATH 2017. Bitcoin has gained 198% in gains over the past 90 days and bitcoin’s dominance index is 61.1% on Friday. This means that although BTC has jumped massively in value, alternative cryptocurrencies have seen larger price increases.
As mentioned above, dogecoin (DOGE) has seen incredible gains over the past three months, jumping 2,322.09% in value over that time frame. DOGE is the second largest winner in the last 90 days, but the Orion Protocol (ORN) has so far increased by as much as 50,641.88%.
It would be difficult for all cryptocurrencies to match ORN’s hopes, but there are a lot of other alternative assets that have seen very large 90-day gains. Below the meme-token dogecoin is telcoin (TEL), which has received 2,281.63% in 90 days.
A number of other notable token assets that climb the line include sushiswap (SUSHI 1,446.24%), avalanche (AVAX 1,285.09%) and cardano (ADA 1 226.06%). The biggest losers in the last three months include coins such as aced (ACED -98.85%), wavego (WGO -84.75%) and digitex futures (DGTX -79.86%).
As for the changes against the US dollar from 2020 to now, bitcoin (BTC) has received 301.46%. The largest top ten positioned token that has seen the largest USD gains since the beginning of 2020 is ethereum (ETH) which has jumped 463.55% since then.
But in 2020 until now, a number of other coins have seen much greater gains. For example, data from messari.io show since the beginning of 2020, gaming stars (GST) increased by 68,928.03%, and token zap (ZAP) has received 5,716.86%.
Some coins have lost over 90% of their value since 2020, as tokens 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 uptake as a result of regular attention
The crypto-economy jumped in value significantly after Elon Musk’s Tesla revealed it had bought $ 1.5 billion in bitcoin (BTC). In addition, Musk has discussed the meme-based crypto asset dogecoin (DOGE) regularly.
Optimistic news that advocates are also discussing is Mastercard latest crypto support announcement, Jay Z, Lil Wayne and Jack Dorsey donate 500 BTC to fund bitcoin development teams in Africa and India. In addition, the oldest financial institution in America will be BNY Mellon offer cryptocurrency services.
“A game-changing week for cryptos,” David Mercer, CEO of LMAX Group, told news.Bitcoin.com. Musk has just ripped up the old roadmap for corporate cashiers everywhere. Financial institutions are now preparing to follow their customers. We are beginning to see that institutions are disrupting, which is the beginning of an exciting journey. What is undeniable is that cryptos is now becoming an accepted destination. ”
Broctagon Fintech Group feels the same way, as CEO Don Guo also discussed all the positive announcements this week.
“BNY Mellon’s and Mastercard’s introduction to the cryptocurrency space, following the latest Tesla news, signals another rise in bitcoin prices,” wrote Broctagon Fintech Group chief. “Such a large institutional approval will drive digital assets even further into the main phase this year, and we expect further uptake as a result of the usual attention.”
What do you think about the last three months of crypto-asset price changes? Let us know what you think about this topic in the comments section below.
Image credits: Shutterstock, Pixabay, Wiki Commons, Tesla, BNY Mellon, Mastercard, City of Miami, Messari.io, Bitcoinwisdom.io,
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