2021 Crypto Market Stats Show a Number of Other Coins Gained More Than Bitcoin – Markets and Prices Bitcoin News
In late 2020 and into 2021, many digital assets experienced significant gains, and the bear market that followed 2017 reversed the trend. On February 11, 2021, Bitcoin reached an all-time high of $49,000 apiece, and three months of statistics show that Bitcoin is up 198%. Despite the phenomenal gains over the 90-day period, many alternative crypto assets showed much larger gains. For example, the infamous Dogecoin is up 2,322% in the past three months.
Development of the crypto-active substances market by 2021
Bitcoin and the cryptocurrency economy are regularly crossing the estimated $1 trillion mark, with the market capitalization of all existing cryptocurrencies estimated at $1.41 trillion on Friday, February 12, 2021. A day earlier, Bitcoin (BTC) reached a new record (ATH) on Thursday, reaching $49,000 per coin.
BTC has made significant progress this year: The crypto asset is up 149.16% from its 2017 ATH. Bitcoin has gained 198% over the past 90 days, and Bitcoin’s dominance index was 61.1% on Friday. This means that although BTC has risen sharply in value, crypto alternative assets have seen bigger gains.
On February 11, 2021, Bitcoin (BTC) reached a lifetime record of $49,000 per unit on the Bitstamp market.
As mentioned above, Dog Connection (DOGE) posted an incredible gain of 2,322.09% in the last three months. DOGE is the second largest gain in the last 90 days, but the Orion Protocol Token (ORN) is up 50,641.88% year-to-date.
Over a three-month period, the Orion Protocol Token (ORN) is up 50,641.88% since the beginning of the year.
It would be difficult for any crypto asset to match the ORN jump, but there are many other alternative assets that have experienced very large gains in 90 days. Below is a drop in telecommunications usage (TEL), which increased by 2281.63% in 90 days.
Dog (DOGE) jumped 2,322.09% in three months.
Other notable token assets that climbed the rankings included sushiswap (SUSHI 1,446.24%), avalanche (AVAX 1,285.09%) and cardano (ADA 1,226.06%). The biggest losers over the past three months were ace coins (ACED -98.85%), wavesgo (WGO -84.75%) and digitex futures (DGTX -79.86%).
In terms of change against the U.S. dollar from 2020 to today, bitcoin (BTC) has gained 301.46%. The top ten tokens with the largest increase since the beginning of 2020 are Ethereum (ETH), which has risen 463.55% since then.
But in the year 2020 and so far, a number of other pieces have grown much more. For example, messari.io’s data shows that Game Star (GST) has increased by 68,928.03% since the beginning of 2020, while Token Zap (ZAP) has increased by 5,716.86%.
Compared to the U.S. dollar, Ethereum (ETH) is up 463.55% since the beginning of 2020.
Some coins have lost more than 90% of their value since 2020, while tokens such as JNT, TCH, educare, Omnitude and ORS have lost between -94.98% and -98.49% of their value.
Analysts expect “greater absorption of general attention.”
The cryptocurrency saw its value soar after Elon Musk’s Tesla announced the acquisition of Bitcoin (BTC) for $1.5 billion. In addition, Musk regularly discusses Dochecoin (DOGE), a meme-based cryptocurrency.
Among the biggest discussions this week were Tesla’s purchase of BTC, BNY Mellon’s support for cryptocurrency, the upcoming use of Mastercard cards for cryptocurrency, and Miami Florida’s support for adding Bitcoin (BTC) to the city’s coffers.
The optimistic news that supporters are also talking about is the recent announcement of support for cryptocurrency from Mastercard, Jay Z, Lil Wayne and Jack Dorsey who donated 500 BTCs to fund Bitcoin development teams in Africa and India. In addition, the oldest financial institution in the US, BNY Mellon, will provide monetary cryptology services.
“It’s a game-changing week for crypto,” said David Mercer, CEO of the LMAX Group. “Musk has just torn up the old track record of corporate treasurers around the world. Financial institutions are now preparing to follow their customers. We are starting to see dislocated institutions, which is the beginning of an exciting journey.” What cannot be denied is that cryptocurrency is now becoming an accepted destination.
Broctagon Fintech Group agrees with CEO Don Guo, who also spoke about all the positive announcements this week.
“The entry of BNY Mellon and Mastercard into the cryptocurrency space, following recent news of Tesla, indicates another surge in bitcoin prices,” wrote the CEO of Broctagon Fintech Group. “This strong institutional support will enable further integration of digital assets this year, and we expect to see more adoption as a result of the general public’s attention.”
What do you think about the evolution of crypto asset prices over the past three months? Let us know what you think in the comments below.
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Frequently asked questions
How much will Bitcoin be worth in 2021?
Bitcoin will be worth more than $100,000 by 2021.
Will Bitcoins rise in 2021?
In mid-November, Citigroup told its institutional clients that it sees the price of bitcoin potentially reaching the $318,000 mark by the end of this year. Others are more cautious. … “I think we’re going to see a lot of news in 2021 that will drive the price up,” he said.
What is the most promising cryptocurrency other than BTC?
Top 10 Non-Bitcoin Cryptocurrencies
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