During the end of 2020 and in 2021, a large number of digital assets made significant gains and the bearish season following 2017 changed course. Bitcoin reached a price hike on February 11, 2021, reaching $ 49,000 per currency, and three-month statistics show that bitcoin is up 198%. Despite the phenomenal 90-day gains, several alternative cryptographic assets have seen much larger increases. The infamous dogecoin, for example, has increased by 2,322% in the past three months.
Crypto Asset Market performance in 2021
Bitcoin and cryptoeconomics have consistently surpassed the $ 1 trillion valuation mark, and on Friday, February 12, 2021, the market capitalization cryptography of all existing currencies is worth $ 1.41 trillion. The previous day, bitcoin (BTC) hit another historic record (ATH) on Thursday reaching approximately $ 49,000 per unit.
The BTC has made some significant gains this year, and active crypto has increased 149.16% since ATH in 2017. Bitcoin has captured 198% in gains over the past 90 days and the bitcoin dominance index is 61.1% in Friday. This means that, although the value of BTC has increased enormously, alternative cryptographic assets have seen greater price increases.
As mentioned above, dogecoin (DOGE) has seen incredible gains over the past three months, jumping 2,322.09% in value during that period. DOGE is the second biggest winner in the last 90 days, but the orion protocol token (ORN) has increased by 50,641.88% so far.
It would be difficult for any cryptographic assets to match the ORN jump, but there are a number of other alternative assets that have made very large gains in 90 days. Below the meme token’s dogecoin is telcoin (TEL), which gained 2,281.63% in 90 days.
Several other notable token assets moving up the ranks include sushiswap (SUSHI 1,446.24%), avalanche (AVAX 1,285.09%) and cardano (ADA 1,226.06%). The biggest losers in the last three months include currencies such as aced (ACED -98.85%), wavesgo (WGO -84.75%) and tyx futures (DGTX -79.86%).
With respect to the changes against the 2020 US dollar so far, bitcoin (BTC) has gained 301.46%. The highest token positioned in the top ten that recorded the largest gains in US dollars since the beginning of 2020 is the ethereum (ETH), which has increased 463.55% since then.
But during the course of 2020 so far, a number of other currencies have made much larger gains. For example, data from messari.io shows that since the beginning of 2020, game stars (GST) have increased by 68,928.03%, and the zap token (ZAP) has gained 5,716.86%.
Some currencies have lost more than 90% of their values since 2020, as tokens like Jibrel network (JNT), money (TCH), educare (EKT), omnitude (ECOM) and group of ors (ORS) lost between -94.98% to -98.49% in value.
Analysts expect ‘more acceptance as a result of dominant attention’
Cryptoeconomics increased significantly after Elon Musk’s Tesla revealed that it bought $ 1.5 billion in bitcoin (BTC). In addition, Musk has regularly discussed meme-based crypto-active dogecoin (DOGE).
Upbeat news that proponents are also discussing is the recent crypto support announcement from Mastercard, Jay Z, Lil Wayne and Jack Dorsey donating 500 BTC to fund bitcoin development teams in Africa and India. In addition, America’s oldest financial institution, BNY Mellon, will offer cryptocurrency services.
“A week of game-changing for cryptos,” David Mercer, CEO of the LMAX Group, told news.Bitcoin.com. “Musk has just ripped up the old script for corporate treasurers everywhere. Financial institutions are now preparing to accompany their customers. We are starting to see institutions driving the rupture, which is the beginning of an exciting journey. What is undeniable is that cryptocurrencies are becoming an accepted destination. “
The Broctagon Fintech Group thinks the same way, as CEO Don Guo also discussed all the positive announcements this week.
“The introduction of BNY Mellon and Mastercard to the cryptocurrency space, following the recent news from Tesla, signals another price boom for bitcoin,” wrote the Broctagon Fintech Group executive. “This great institutional endorsement will drive digital assets even further to the main stage this year, and we expect greater acceptance as a result of the dominant attention.”
What do you think about the last three months of changes in crypto prices? Let us know what you think about this in the comments section below.
Image credits: Shutterstock, Pixabay, Wiki Commons, Tesla, BNY Mellon, Mastercard, City of Miami, Messari.io, Bitcoinwisdom.io,
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