We are approaching the last stretch of 2020, and I have dedicated myself to interpreting the behavior of cryptocurrencies with possible scenarios for the next 30 days to take note.
- Despite the price drop suffered in recent days, Bitcoin will trace its upward course at the end of the year, maintaining its base price above 19,000 usd.
- There are rumors about a possible increase in the fees for each BTC transaction, which I personally think should be discarded. Why? Because the quantitative index of operations carried out in BTC is sustainable to be able to manage within the current margins.
- The price of Ethereum will unquestionably double with the release of 2.0. Without a doubt, traders play comfortably with the limits and managed in just 9 hours to achieve the minimum required deposits. Capital exists.
- If the price of Ethereum doubles, 2021 will undoubtedly be an uphill road for this cypto, making it probably a great daughter of BTC.
- Pay close attention to Stellar. It has launched the first stablecoins for Brazil and Argentina with a 1: 1 valuation on the currency of these two countries. It is reasonable to think that this will imply an arduous path but with guarantees, taking into account that these two countries are among the ranking of the most involved users in cryptocurrencies and their governments are already planning to recognize them as financial assets.
- XRP has proven not to be envious of any competition. Within days of its new token (Spark), all that lies ahead for XRP are just looks of growth. It has shown a worthy resistance in the month of November, achieving a positive result consecutively in all its weeks
- While some stop betting on Litecoin, they are overlooking that LTC throughout the year remains in the margins of 49 and 62 dollars, its highs reach 80 and its lows do not fall below 49. Do not underestimate to Litecoin
- Erc-20 tokens: CND continues to hold its price for months and although many do not see it as promising, it is one of the most viable options to bet on as there are not so many volatility risks.
- Zcash rises from the depths. The Canopy update has given it the air in recent weeks that the coin needed for a long time. Good times are probably ahead for Zcash.
- Janet Yellen was one of the first disappointments Biden has given cryptocurrency users. Although many bet that the change would be positive, the nemesis of BTC is likely to manage unfavorable regulations.
- As if the TikTok conflict between the USA and China were not enough and despite not recognizing them or their value, from the White House there is concern about the dominance of China within all cryptocurrencies. A future conflict in this regard could harm users in the future.