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It’s very much evident that the cryptocurrency mania is well underway as their prices of major cryptos continue to surge as we speak. With the plethora of digital money in the market as of late, which one performed better this year?
Taking the top spot
Crypto traders are well-aware of Bitcoin’s (BTC) meteoric rise at the kickoff of 2021 as its price rose as high as 89 percent, which is over $54,000. Albeit the surge, this percentage has been overshadowed by that one crypto that’s currently on top.
Ethereum, you might say? Yes, this too made some impressive gains this year as it broke the $3,300 barrier ($3,426 as of writing), which is up to a whopping 343 percent. Additionally, analysts are even predicting that its price may reach the $5,000 level this week. Unfortunately, this doesn’t come close.
If you answered the Shiba Inu-inspired meme of crypto known as the Dogecoin (DOGE), then you’ve guessed it right. If Coindesk’s cryptocurrency prices on Tuesday are anything to go by, its price went up to $0.63. Now that’s over a 13,500 percent growth.
Dogecoin and Elon
This rally in the Dogecoin’s price can be credited to Tesla’s CEO Elon “The Dogefather” Musk as he saw potential with the cryptocurrency. In line with this, analysts are now suggesting that his upcoming appearance in “Saturday Night Live” this weekend is likely fueling the digital currency’s rise. Will it finally reach the one-dollar mark by then? With the current trajectory, it’s in, and it may well seem that it’s about to.
‘Super healthy’
Matthew Roszak – the co-founder of Vesper and chairman of Bloq, recently talked about Dogecoin’s price surge, including how this exhibits the power of crypto networks. He even deems it as strong proof that the crypto industry is “super healthy.”
It’s very much evident that the cryptocurrency mania is well underway as their prices of major cryptos continue to surge as we speak. With the plethora of digital money in the market as of late, which one of them performed better this year?
Taking the top spot
Crypto traders are well-aware of Bitcoin’s (BTC) meteoric rise at the kickoff of 2021 as its price rose as high as 89 percent which is over $54,000. Albeit the surge, this percentage has been overshadowed by that one crypto that’s currently on top.
Ethereum you might say? Yes, this too made some impressive gains this year as it broke the $3,300 barrier ($3,426 as of writing) which is up to a whopping 343 percent. Additionally, analysts are even predicting that its price may reach the $5,000 level this week. Unfortunately, this doesn’t come close.
If you answered the Shiba Inu-inspired meme of a cypto known as the Dogecoin (DOGE), then you’ve guessed it right. If Coindesk’s cryptocurrency prices on Tuesday is anything to go by, its price went up to $0.63. Now that’s over a 13,500 percent growth.
Dogecoin and Elon
This rally in the Dogecoin’s price can be credited to Tesla’s CEO Elon “The Dogefather” Musk as he saw potential with the cryptocurrency. In line with this, analysts are now suggesting that his upcoming appearance in “Saturday Night Live” this weekend is likely fueling the digital currency’s rise. Will it finally reach the one-dollar mark by then? With the current trajectory it’s in, it may well seem that it’s about to.
‘Super healthy’
Matthew Roszak – co-founder of Vesper and chairman of Bloq, recently talked about the Dogecoin’s price surge, including how this exhibits the power of crypto networks. He even deems it as a strong proof that the crypto industry is “super healthy.”
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
