Will Bitcoin hit $31K on 31 Dec?
Bitcoin had a magnificent rally over the past couple of days by surging nearly $2000 in just 2 days. Moreover, the market capitalization of Bitcoin is on the verge of hitting $500 billion very soon. By surging nearer $1000 per day, BTC price is expected to hit $31K by the end of 2020.
One of the analysts and the partner at The Spartan Group, Spartan Black has predicted about the major cryptos and the defi space for 2021. According to Mr Spartan Bitcoin will hit $100K in 2021 and Ethereum Price will surpass its current all-time high within next 6 months.
Moreover, he says that the DeFi’s total value locked (TVL) will also exceed $100M in 2021 with at least 10 tokens will have more than $10 billion market capitalization.
Ethereum Price Crosses $700 for First Time Since 2018
Ethereum, the world’s second largest cryptocurrency according to market capitalization has yet once again crossed $700 following the Bitcoin bull run. The price currently is around the yearly highs at $732 with a growth of 13.12 percent in the last 24 hours.
Despite Ethereum’s spike of nearly 13 percent for the first time since 2018, the miners’ balance and the supply on exchanges remain low as recorded by an on-chain analytic platform Santiment.
Therefore showcasing a strong projection of an Ethereum bull run which will form a new ATH very soon. Collectively, bitcoin and ethereum price volatility is quite stable for the past two years, climbing steadily eliminating huge spikes.
According to the CSO of Blockstream, Samsom Mow, the bitcoin price volatility will be still less in the coming years as the institutional and hedge funds continue to buy Bitcoin at every dip.