Altcoin News

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.

Read CRYPTONEWSLAND on google news

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.

CryptoNewsLand Editor

CryptoNewsLand (CNL) is a one-stop online crypto news website that offers the latest happenings in the crypto world.

Recent Posts

Exploring 2024 Crypto Market Trends: BlockDAG’s $27.7M Presale Success And Rising Stars NEAR & Helium

Explore #BlockDAG’s remarkable $27.7M presale success and innovative features, alongside rising stars #NEARProtocol and #Helium…

20 mins ago

These Altcoins Can Make You a Millionaire in 2024 With Only $1k Investment Today

In a climate where a small stake could grow exponentially, the allure of turning $1000…

20 mins ago

BlockDAG’s $27.7M Raise: A Challenger to Dogecoin and Binance Coin Tapping In With Innovation And Dashboard Upgrades

Explore how #BlockDAG's recent $27.7M raise and dashboard upgrade positions it against Dogecoin and #BinanceCoin…

4 hours ago

Cardano’s Resurgence: Addresses Profitable Again After Rally

#Cardano roars back to $0.48, igniting investor optimism with a surge in trading volume and…

5 hours ago

Top Analyst Decodes XRP’s Bull Flag: Can It Reach New All-Time High?

#XRP's potential surge to $18? Analysts analyze the bull flag pattern amidst Ripple's legal battle…

6 hours ago

Tether Leverages Holepunch Tech for New P2P Financial Terminal

#Tether develops a #P2P financial terminal using #Holepunch tech to enhance market stability and decentralize…

7 hours ago