Altcoins to Boost Over 2700% This Year, Analyst Explains

Analysts predict that altcoins could pump their market cap to over 2700% this year.
Bitcoin continues to gain momentum once again as it approaches the bullish price of $60k.
Analysts predict that altcoins could pump their market cap to over 2700% this year.

Bitcoin continues to gain momentum once again as it approaches the bullish price of $60k.

Davis added that 2017 was the year of Ethereum, the time where most of the cryptocurrency startups used the Ethereum blockchain. However, this year (2021), crypto developers have many options to consider in creating cryptocurrency. For example, Cardano, Solana, Polygon, and Polkadot are some of the networks that offer blockchain technology for crypto startups.

For this reason, many altcoins began to surge their prices and created new all-time-high (ATH) records in the crypto space. As a result, more investors around the world are now getting interested in cryptocurrencies. Indeed, the more investors getting involved in cryptocurrency, the bigger the crypto world market cap will be.

Aside from the details mentioned above, Davis further explained:

Besides altcoins Bitcoin continues to gain momentum once again as it approaches the bullish price of $60k. Today, Bitcoin trades a high price of almost $59k with a 14-day growth rate of +15.3%.

Davis reacted:

In other news stories, Bitcoin is already considered gold 2.0 by most people inside the crypto community. This is mainly because Bitcoin is much more accessible in terms of investing and payments than gold. For this reason, the Bitcoin price continues to perform as the price of gold declines.