The evolution of cryptocurrencies in the last period. What will happen by the end of 2021 with the cryptocurrency market !!? That will remain to be seen...
That's it .... as you can see, #Bitcoin continues to be one of the most popular currencies in the world, but #Ethereum, Bitcoin Cash ( #BCH ), #Elrond or #Litecoin come super strong, with a surprising evolution. What is certain is that anyone who wants to trade and make big financial gains, can try to continue with cryptocurrencies - their volatility can be both a disadvantage and an advantage for everyone.
We need to be aware that it is super hard to guess what the evolution of virtual currencies will be in the next period, especially the value of Bitcoin that will register at the end of 2021. So, from my point of view, anyone continues to claim that they know sure and precise what the price will be in two, three or six months from now, sure mind. As far as I know, that information that exposes those fantastic predictions is simply speculation, based on the analysis of published datas. However, i continue to remain extremely optimistic about the future of #Blockchain #technology and the virtual cryptocurrency industry. Indeed, Bitcoin is the main pawn that continues to lead all other cryptocurrencies, and the price will have to rise to lift the entire cryptocurrency market.
However, will Bitcoin reach 100,000 $ by the end of 2021? Or will it continue to decline? It's a big question mark, which I'm sure each of us asks ..... it's very possible! In fact, anything is possible. Interestingly, Bitcoin had recovered strongly in early September, and on September 5, this pioneer of all cryptocurrencies, recorded a value of over 50,000 $. But after September 7 this year, following the official adoption of this cryptocurrency as a legal tender by the state of El Salvador in Central America, the value of Bitcoin began to decline slightly. So, by the end of the day of that historic event, Bitcoin had suddenly dropped to 46,800 $ (a 11% drop in one day). Then, Bitcoin fell even further, reaching around 44,400 $ on September 11, 2021, and on Monday, September 13, Bitcoin ranged from 46,000 $ to 44,400 $
So for a start, at first glance, Bitcoin seems to be collapsing, after being adopted as the official payment method in El Salvador - the first country in the world who make this important decision. Once the price began to fall sharply, the president of El Salvador wrote on Twitter that the country had "taken advantage of the decline" and bought another 150 Bitcoins - an interesting moment for the cryptocurrency market.
Interestingly, in recent times, Ethereum, Bitcoin Cash, Litecoin and other cryptocurrencies have experienced major increases in value, and this has continued to attract the attention of many investors, who have not hesitated to invest in this extremely attractive market. For example, Etherum, the main Bitcoin competitor, has increased enormously compared to last year until now, reaching today -13 September 2021, the value of 3,222.54 dollars. Another cryptocurrency with a surprising evolution this year would be Bitcoin Cash (BCH) - although the name may mislead many investors (unrelated to Bitcoin). However, the currency continues to take advantage of the name and is constantly gaining buyers. Bitcoin Cash is a cheaper option for Bitcoin, the value of digital currency being today, approximately 619.54 $. However, one of my favorite cryptocurrencies, Litcoin, which has continued to grow significantly this year, currently seems to be in a dubious decline, recording 181.12 $ today.
Apparently, due to the rise of the main cryptocurrencies, Bitcoin and Ethereum, since the beginning of this September, the digital cryptocurrency EGLD, launched by the Blockchain Elrond Network company, managed to exceed a total capitalization of 5.37 billion dollars. And today's Elrond (EGLD) price is 268.80 $. Elrond company was founded in 2018 by Beniamin Mincu together with his brother, Lucian Mincu, and entrepreneur Lucian Todea, headquartered in Malta and development team in Sibiu, Romania.
A real company, with an ambitious and powerful project, with a popularity of over half a user in its network. According to coinmarketcap.com eGold Elrond cryptocurrency ranks 32nd in market rank.