A large number of digital assets saw significant growth in late 2020 and through 2021, and the declining season after 2017 has continued. Bitcoin hit an all-time high on February 11, 2021, hitting $ 49,000 per coin. Three-month statistics show that Bitcoin is up 198%. Despite the phenomenal 90-day gains, numerous alternative crypto assets have seen much larger gains. The infamous Dogecoin has seen an increase of 2,322% in the past three months.
Crypto Asset Market Performance in 2021
Bitcoin and the crypto-economy have steadily passed the $ 1 trillion valuation mark, and on Friday, February 12, 2021, the crypto market cap of all existing coins is $ 1.41 trillion. The day before, Bitcoin (BTC) hit another all-time high (ATH) on Thursday, hitting about $ 49,000 per unit.
BTC has seen some significant gains this year, and the crypto asset has increased 149.16% since the ATH in 2017. Bitcoin has seen gains of 198% over the past 90 days, and Bitcoin’s dominance index is at 61.1% on Friday. This means that although BTC has appreciated massively in value, alternative crypto assets have seen bigger price increases.
Bitcoin (BTC) hit a lifetime price high on February 11, 2021, hitting $ 49,000 per unit on the Bitstamp exchange.
As mentioned above, Dogecoin (DOGE) has seen incredible gains over the past three months, posting a 2,322.09% increase in value over that period. DOGE is the second biggest winner in the past 90 days, but the Orion Protocol Token (ORN) has increased a whopping 50,641.88% to date.
During the three month period, the Orion Protocol Token (ORN) has so far hit 50,641.88%.
It would be difficult for crypto assets to match ORN’s leap, but there are a number of other alternative assets that have made huge gains after 90 days. Below the Meme token Dogecoin is Telcoin (TEL), which has gained 2,281.63% in 90 days.
During the three month period so far, Dogecoin (DOGE) is up 2,322.09%.
A number of other notable token assets rising up the ranks include Sushiswap (SUSHI 1,446.24%), Avalanche (AVAX 1,285.09%), and Cardano (ADA 1,226.06%). The biggest losers of the last three months include coins like Aced (ACED -98.85%), Wavesgo (WGO -84.75%) and Digitex Futures (DGTX -79.86%).
In terms of the changes against the US dollar from 2020 to now, Bitcoin (BTC) has gained 301.46%. The biggest top ten token with the biggest USD gains since early 2020 is Ethereum (ETH), which has since increased 463.55%.
But over the course of 2020 until now, some other coins have made much bigger gains. For example, messari.io data shows that since early 2020, Game Stars (GST) have increased 68,928.03% and Token Zap (ZAP) has increased 5,716.86%.
Against the US dollar, the Ethereum (ETH) has increased by 463.55% since the beginning of the year.
Some coins have lost over 90% of their value since 2020 as tokens like Jibrel Network (JNT), Thore Cash (TCH), Educare (EKT), Omnitude (ECOM) and Ors Group (ORS) have lost between -94.98% up to -98.49% in value.
Analysts expect “more uptake as a result of general attention”
The crypto-economy appreciated significantly after Elon Musk’s Tesla announced it had bought $ 1.5 billion worth of Bitcoin (BTC). Additionally, Musk has regularly spoken about the meme-based crypto-asset Dogecoin (DOGE).
Some of the biggest discussions this week include Tesla’s purchase of BTC, BNY Mellon’s support for cryptos, Mastercard’s early use of crypto assets, and support for adding Bitcoin (BTC) to the treasury.
Optimistic news that proponents are also discussing is the recent announcement by Mastercard in support of Crypto, Jay Z, Lil Wayne and Jack Dorsey, who are donating 500 BTC to fund Bitcoin development teams in Africa and India. In addition, the oldest financial institution in America, BNY Mellon, will offer cryptocurrency services.
“A breakthrough week for cryptos,” David Mercer, CEO of LMAX Group, told news.Bitcoin.com. “Musk just tore open the old roadmap for corporate treasurers everywhere. Financial institutions are now preparing to follow their customers. We begin to see institutions causing disruption, which is the beginning of an exciting journey. It is undeniable that cryptos are now becoming an accepted target. “
The Broctagon Fintech Group sees it the same way, as CEO Don Guo also discussed all the positive announcements this week.
“The introduction of BNY Mellon and Mastercard into the cryptocurrency space following the latest Tesla news signals another price boom for Bitcoin,” wrote the managing director of Broctagon Fintech Group. “Such a large institutional support will push digital assets even further into the main phase this year, and we expect further adoption based on the general attention.”
What do you think of the price changes in crypto assets over the past three months? Let us know what you think on this matter in the comments section below.
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2021 market statistics, 90-day statistics, Bitcoin (BTC), BNY Mellon, Broctagon Fintech Group, crypto, crypto markets, cryptocurrencies, David Mercer, digital assets, Doge, Dogecoin, Dogecoin (DOGE), Don Guo, LMAX Group, MasterCard, Miami, Orion, ORN, Tesla, three-month statistics
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