In late 2020 and early 2021, a large number of digital assets have seen significant gains and the bearish season that followed 2017 has changed course. Bitcoin hit an all-time high on February 11, 2021, hitting $ 49k per coin and three-month statistics show bitcoin is up 198%. Despite the phenomenal gains in 90 days, many alternative crypto assets have seen much bigger gains. The infamous dogecoin, for example, is up 2.322% in the past three months.
Performance in the crypto asset market in 2021
Bitcoin and the crypto-economy have steadily passed the $ 1 trillion mark, and on Friday, February 12, 2021, the crypto market cap of all existing coins is worth $ 1.41 trillion. The day before, bitcoin (BTC) hit another record high (ATH) Thursday at around $ 49,000 per unit.
BTC has made some significant gains this year and crypto assets are up 149.16% since the ATH in 2017. Bitcoin has gained 198% in the last 90 days and bitcoin’s dominance index is 61.1 Friday. %. This means that while BTC has skyrocketed in value, alternative crypto assets have seen larger price increases.
As mentioned above, dogecoin (DOGE) has seen incredible gains in the past three months, worth 2,322.09% in that period. DOGE is the second largest gain in the past 90 days, but the orion protocol token (ORN) is up a whopping 50,641.88% so far.
It would be hard for crypto assets to match the jump from ORN, but there are a whole host of other alternative assets that have seen very big gains in 90 days. Below the meme token dogecoin is telcoin (TEL), which has gained 2,281.63% in 90 days.
Some other notable token assets climbing the rankings include sushi swap (SUSHI 1,446.24%), avalanche (AVAX 1,285.09%), and cardano (ADA 1,226.06%). The biggest losers of the past three months are currencies such as aced (ACED -98.85%), wavesgo (WHO -84.75%) and digitex futures (DGTX -79.86%).
As for the changes against the US dollar from 2020 to now, bitcoin (BTC) has gained 301.46%. The largest top ten positioned token that has seen the largest USD gains since early 2020 is ethereum (ETH) which is up 463.55% since then.
But over the course of 2020 so far, a number of other coins have made much bigger gains. For example, data from messari.io shows that since the beginning of 2020 game stars (GST) are up 68,928.03% and token zap (ZAP) are up 5,716.86%.
Some coins have lost more than 90% of their value since 2020, while tokens such as jibrel network (JNT), thore cash (TCH), educare (EKT), omnitude (ECOM) and ors group (ORS) between -94.98% have lost. up to -98.49% in value.
Analysts expect ‘more take-up as a result of general attention’
The crypto economy jumped in value significantly after Elon Musk’s Tesla revealed it bought $ 1.5 billion worth of bitcoin (BTC). Additionally, Musk has regularly discussed the meme-based crypto asset dogecoin (DOGE).
Optimistic news proponents are also discussing is Mastercard’s recent announcement about crypto support, Jay Z, Lil Wayne and Jack Dorsey donating 500 BTC to fund bitcoin development teams in Africa and India. In addition, the oldest financial institution in America, BNY Mellon, will provide cryptocurrency services.
“A week that changes the game for cryptos,” David Mercer, CEO of LMAX Group, told news.Bitcoin.com. Musk has just torn up the old roadmap for corporate treasurers everywhere. Financial institutions are now preparing to track their customers. We are starting to see institutions cause disruption, which is the beginning of an exciting journey. What is undeniable is that cryptos are now becoming an accepted destination. “
Broctagon Fintech Group feels the same way as CEO Don Guo also discussed all of the positive announcements this week.
“The introduction of BNY Mellon and Mastercard into the cryptocurrency space, following the recent Tesla news, indicates a new price hike for bitcoin,” wrote the director of Broctagon Fintech Group. “Such a large institutional approval will propel digital assets even further to the main stage this year, and we expect further adoption as a result of the general attention.”
What do you think of changes in cryptocurrency prices in the past three months? Let us know what you think about 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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