Cryptocurrencies have stopped being something unusual. At the beginning of the crypto era, no one could ever think it would reach such a scale.
2021 is a big year for the whole crypto market that undergoes massive changes. We see that it’s dependent on external factors. The situation with Elon Musk’s tweet showed it to us. Since Bitcoin is the most popular currency, the whole market lost almost 200 billion USD after the bitcoin price fell below 50,000$. And no wonder that some other currencies dropped as well.
Experts try to make predictions as for the situation on the cryptocurrency market, and today we’ll tell you about some of them that seem the most possible for us. But you should understand that there’s no guarantee they’ll come true.
1st prediction: The market will restore capitalization
There are experts who state that the recent price reduction of cryptocurrencies was necessary to dampen the market. Therefore, the market and currencies should start growing gradually. Bitcoin may reach almost $50,000, Ethereum —$3,600. Spring was full of events that usually never happen in summer; that’s why it’s possible to predict there will be no swings in prices. But so many men, so many minds. We suppose that it’s better to bet on altcoins. Bitcoin is vulnerable to the impact of certain factors, such as external circumstances, people, political statements. At the same time, altcoins…
