Hello Everyone
One week of the year 2021 is almost gone and for the crypto community, this has been great so far. Today morning when I woke up, my phone had many notifications about crypto prices that Bitcoin has crossed 37k USD price. Since I am part of this crypto space so its obvious that this is always great news for me. These days BTC price is going up significantly so getting notifications every day by exchanges apps is very common and I hope that many of you must be getting the same.
While having coffee I opened the coin market cap website and I was surprised to see that the market cap has crossed 1 trillion in value and this is truly an amazing thing for me. I have been hearing for the last 3 years that the crypto market cap will touch 1 trillion and finally, 2021 is the year to make it happen.
I think that this is a great start to the day with Bitcoin price over 27k USD, Ethereum price more than 1200 USD, and market cap is 1 trillion. I think that the next move is difficult to predict whether BTC can make a 40k price. Bitcoin dominance is reduced so it could be a reason for many alts to rise and in fact, its seem started already if you look at the below snapshot-
These 7 coins in the top 10 have shown a price growth from 22 to 200% and this is just amazing. XLM is high a performing coin in the last 7 days and its growth of 200% is just wow.
I sometimes think that why people run behind banks to get 6-7% return on a yearly basis and if they get the return of 15-20% on any stock then they consider it the best whereas crypto can take it to the next level. Obviously, the risk is involved but that also there is the stock market however this risk percentage can differ but I don't think much about it because I believe when you are ready to get more gain then you should also be prepared for the same amount of loss.
1 Trillion marketcap has happened for the first time and I think that by the year 2025 it will be way higher so this is just the beginning and the best of it is yet to come. I am chilling this time and not going to sell anything and even if I would be able to arrange some funds and the price goes for correction then will buy some.
So enjoy the momentum and hope to make it new ATH soon.
Thank you so much.
Have a great day
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