Do you want to know about crypto price prediction 2021? If yes, you are in the right place. Cryptocurrency is not going away because it has become even more popular in recent years, allowing for digital, faster, securer, and efficient transactions.
The most common reason people invest in cryptocurrencies is the long-term and reliable store of value. Most cryptocurrencies available on the market have a limited supply than fiat money or currency because they are capped by mathematical and computer algorithms. So, this makes it impossible for government agencies and politicians to dilute cryptocurrency’s value through inflation.
Cryptocurrency has mitigated the risk of pirated data and minimized a wide range of fraudulent activities. Like fiat currencies, crypto price prediction 2021 depends on supply and demand. However, it also relies on the production cost of cryptocurrencies. Read on!
Bitcoin Price Prediction 2021
It is crucial to know the bitcoin price prediction for 2021 because it enables you to determine whether it is worth investing in this cryptocurrency. The price for July 2021 started at $35,056. The maximum price for this month is $40,597, and the minimum price is $29,320. The average price for July 2021 is $35,128.
In addition, the price prediction for August 2021 is starting price at $35,540, the minimum price $29,288, and the maximum price $40,199. The average price for August is $35,649, and the change for this month is 5.7%.
The beginning price for September 2021 is $37,569, minimum and maximum prices are $32,844 and $37,788, respectively, with a change of -6.0%. Moreover, Bitcoin price prediction 2021 for USD in October is: starting price $35,316, minimum price $27,588, and maximum price $35,316. The average price for October 2021 is $31,971, with a change of -16.0%.
For November 2021, the beginning price is $29,655, the minimum price is $27,103, and the maximum price is $31183. The average price for November 2021 is $29,274, with a change of -1.8%.
Furthermore, Bitcoin price prediction 2021, particularly for December 2021, has the starting price at $29,143, the minimum and maximum price of $29,143, and $36,172, respectively. The average price for December 2021 is $32,066, with a change of 16.0%.
Ethereum Price Prediction 2021
Crypto Price Prediction 2021 does not complete without Ethereum prices. Ethereum is the second-largest digital currency after Bitcoin. The market capitalization of this cryptocurrency was around $226.3 billion in June. Bear in mind that this was less than half of the $625 billion of Bitcoin.
There are more than 116.4 million Ethereum coins in circulation. On the other hand, there are 18.7 million bitcoins. Ethereum coin’s price fell below $1,800 in May for the first time since March. The primary reason behind this was the collapse of the market by 60%. However, the coin quickly recovered its losses, reaching $2,911 by May 26, 2021.
Although the price of Ethereum fluctuated dramatically, it managed to stay above the $2,100 level until June 21, 2012. However, it dropped to close the day at $1,888. The ether price was $1,944 on June 24, 2021.
Research shows that the ETH price will reach $3,516 by the end of November 2021. If this occurs, this will be the highest price in 2021 than a year ago, especially during the Covid-19 pandemic.
The ETH’s value in USD has increased from $732.73 at the end of December 2020 to $4,362.35 on May 12, 2021, which is an all-time high price. The upward trends lasted for five months. After May 12, 2021, investors and users experienced a dramatic fall due to the overall crypto downtrend.
Some reports highlight that this was due to Elon Musk’s tweets about BTC and related cryptocurrency environmental concerns. So, the price dropped from $4,179.76 on May 11, 2021, to $2,099.58 on May 23, 2021.
The Blockchain industry and cryptocurrencies are consistently growing and becoming more potent than ever. Crypto platforms focus on developing much-needed financial infrastructure, allowing investors to access custody services. Beginners and professional investors use crypto tools to manage and protect their crypto assets.
However, it is crucial to know Bitcoin price prediction 2021 and Ethereum price prediction 2021 to make an informed decision and choose the best cryptocurrency for investment purposes. Crypto price prediction 2021 is essential for existing and new investors because it helps streamline the entire investment and trading process.
Cryptocurrencies like Ethereum and Bitcoin have lofty objectives, and you can generate higher profits over long time horizons. However, it is wise to focus on the crypto price prediction 2021 to confirm the currency you want to invest in for higher profits.