Last week, We listed the top 5 cryptocurrencies for 2020, which is a reflection of the expected movement of major crypto assets during 2021.
BITCOIN (BTC)
Driven by the interest of corporate and institutional investors in BTC, which is known as a protector of inflation, to target large technology firms such as PayPal and Square, most observers expect a positive movement of the cryptocurrency.
Blocksteam Chief Strategy Officer Samson Mow, Quantum Economics analyst Lou and Nexo co-founder Antoni Trenchev on average set the BTC value at $ 100,000- $ 500,000 by the end of 2021, controlling 17% of the gold market capitalization.
Greenidge Generation Chief of Staff Tim Rainey is more cautious in voicing his opinion, aiming for the maximum height of the asset to reach over 65% from the current record to the $ 25,000- $ 30,000 range.
ETHEREUM (ETH)
Ethereum assets are quite difficult to anticipate causing expectations of these assets not to be of concern to investors. Kerner explained that the Bitcoin price surge in 2021 is not impossible to 'push' the ETH price to a higher level of around $ 3,000.
Well-known crypto analyst and youtuber Ivan Liljeqvist expects a higher value of $ 6,000 by December 2021.
RIPPLE (XRP)
Trenchev is pessimistic with XRP price expectations due to declining legal pressure and the potential of Flare Networks Airdrop as the mainstay of the DeFi ecosystem starting 2021.
"..Unless Ripple acts to overhaul the business model, tokenomics and XRP usage issues completely." he said.
BlocksBridge crypto mining consulting founder Nishant Sharma says 2021 may be a difficult year for XRP.
"XRP price movement depends on its legal status which is still unresolved. Facebook Libra branded as Diem is seen to be XRP's main competitor in the cross-border transaction system if it manages to convince the regulator. ” he said.
At the time of writing, BTC was trading at $ 19,197, ETH was slightly lower at $ 586 and XRP was at $ 0.51.
