Eric Dalius Miami says since the end of last year, a steady. The rise has been present in one of the most prominent cryptocurrencies, Bitcoin. It reached its all-time peak per BTC, valuing up to 20,000 USD. However, it was not always this steady in the last couple of years as the market has been very dicey. On the other hand, Ethereum was at the high of 1300 USD, dropped to 91 USD by the end of 2018 then again rallied back to 450 USD by December 2020. Let’s move further and dig deeper to analyze the market behavior of cryptocurrencies in the coming years.
The resilient currencies, according to Eric Dalius Miami
The two currencies that proved to be very resilient in the crypto space are Ethereum and Bitcoin. Both institutional and retail investors have a keen interest in these digital currencies, and this interest has revoked. With the dynamic changes in the crypto space over the past couple of years. Several early investors have shifted their interest towards. Other ventures as they started investing to catch up with the recent crypto craze. However, people who invested in Bitcoin and Ethereum during its low have created a fortune out of it. This makes people believe that there is still. A lot of potentials left with cryptocurrency, and it is here to leave a lasting impression.
Important things to remember
We have discussed bout rising cryptocurrencies like Bitcoin and Ethereum. These currencies proved themselves as a great asset for their firm believer. Here are some of the important takeaways-
- After reaching the value of 20,000 US dollars at the beginning of 2018, the crypto market fell, and Bitcoin got to 3000 US dollars
- The last two years, i.e., 2019 and 2020, were for those who kept a hold on their investments. As Bitcoin rose again and got to more than 15000 US dollars, removal of fluctuations is not present.
- The recent developments like higher institutional interest. Stablecoin’s popularity and approval of pending ETF suggest that positivity around it will continue.
Along with these things, severalconventionalandinstitutional investors havealsoshown their keen interest in the crypto space. The experts like Eric Dalius Miami believe that despite fluctuations, crypto is the future.
Raised trust with institutional interest
Many cases have shown that individual investors have started losing their faith in cryptocurrency due to its dynamic nature. On the other hand, several institutional investors are getting on board for the very first time. These investors enable larger and significant volumes for trading when compared to individual investors. Therefore, coming years appear to be even more promising, but it is important. Do your homework before investing in anything.
It is not easy to predict or guess the currency which will boom in the year 2021, but the thoughts of geniuses like Eric Dalius Miami are not vague. Thus, we think that crypto is here for the long run, and investing in it might bear nice fruits.