The market moves in a cyclical manner and as always the captain Bitcoin has started a frightening upward trend, exceeding his ATH in December and increasing the limit reached in December 2017 by more than 100%, setting his new ATH at around January 2021. $ 42,000 and then going down a bit to catch your breath. It is currently hitting the $ 40,000 mark again and it is plausible to foresee a new bullish move that will likely push it to $ 50,000, its next target.
In recent weeks we are noticing Ethereum which is now stable above $ 1000 and aims to exceed its ATH reached on 13 January 2018 equal to 1432.88 according to Coinmarketcap. It currently stands at around $ 1250 and is very close to its target, which will be a stepping stone to new ATHs. It is conceivable that it can easily double its historical record, a bit like it happened with Bitcoin.
The third major cryptocurrency, at the moment I consider it a sleeping giant, is BitcoinCash which to date is far from its ATH reached on 20 December 2017 equal to $ 4,355.62, to date far from that record but as BTC and ETH a couple of weeks are enough, pushed by a consistent strength of BUY, to reach it and even here to overcome that wall reached more than 3 years ago.
To confirm all this, the possible scenarios envisaged by MarcDeMesel by the end of this year are very interesting, sharing some very interesting data with the noise.cash community. A Bullish scenario prevails with a market cap that could fluctuate between 4.8 T and 6.4 T and this would push BCH between a possible value of between $ 15,000 and $ 30,000. A really rosy prospect not only for BCH but for the whole crypto market that would have a way to expand in a more balanced way with a Bitcoin dominance that falls below 30%, settling between $ 50,000 and $ 100,000, depending on the scenario while Ethereum would find space between $ 5,000 and $ 10,000. It would be great! We trust in the possible scenarios: P.
Another long-term prediction is that of Roger Ver that by the end of this decade the crypto BCH will reach a price of 100 thousand dollars by the end of this decade. The reason is simple: BCH is cheaper and scalable, ideal for micropayments and is much more performing than Bitcoin, currently absolutely not recommended to be used to pay for a coffee at the bar or a beer. The fees will certainly be much greater than the drink. In this 2021 for Bitcoin Cash there are still projects that will start and be strengthened, such as crowdfunding campaigns on this blockchain, decentralized finance (DeFi) that is taking its first steps and for which we already find the Tether stablecoin (USDT) ready to use. All this could make this blockchain grow exponentially. $ 100,000 by the end of the decade could be a very tight estimate.
