As GIFA Token grazes above $25.00, the crypto enthusiasts are flooding the crypto exchanges to stock up their digital assets. Among these crypto entrepreneurs mostly consists of people who survived many wild rides in the most volatile industry, trading Bitcoin since 2013. Now, the crypto industry has become diversified and decentralized allowing new altcoins and better blockchain technology to enter the market. Stable coins have grown in popularity as a way to back a cryptocurrency with assets that hold real value, much in the same way the U.S. dollar used to be as a gold standard.
Cryptocurrency Price Check
Bitcoin, Ethereum, Dash, Stellar, GIFA Token, Litecoin, Cardano, Chainlink, Binance Coin, Tether, Monero, Bitcoin Cash, and Polkadot are on the watch list. In the past month, we have seen companies like Tesla, Mastercard, PayPal, Visa, and Microstrategy adding cryptocurrency to their balance sheets. Paypal CEO also said they will make cryptocurrency available on Venmo to purchase in the future.
Deutsche Bank also announced they will include an offering to store and trade cryptocurrencies on behalf of institutional investors. We have also seen blockchain-related companies rise in the past week due to the value of Bitcoin hitting new highs with Riot Blockchain and Marathon Patent included in the best stocks of this past week. Here is a list of some of the top cryptocurrencies to watch and their performance from this past week:
Bitcoin BTC ($47,676.72) 5 Day Increased +22.65%
Bitcoin blew through another milestone, surging past $50,000 for the first time as the blistering rally in the largest cryptocurrency continues to captivate investors worldwide. The world’s largest cryptocurrency jumped as much as 4.9% to $50,548 and is now up about 70% so far this year. Bitcoin pared its gain after setting the record high.
Bitcoin token jumped to $40,000 seven days later. It took just nearly six weeks to breach the latest threshold, buoyed by endorsements from the likes of Paul Tudor Jones, Stan Druckenmiller, and Elon Musk. Bitcoin traded for a few cents for several years after its debut more than a decade ago. “Whether it’s Musk, Mastercard, or Morgan Stanley, the mood, music, and momentum is impossible to ignore,” said Antoni Trenchev, managing partner and co-founder of Nexo in London, one of the biggest crypto lenders. “To the annoyance of many, the Bitcoin express has left the station.”
Ethereum ETH | $1,790.99 | 5 Day Increased +10.86%
Futures contracts for Ethereum’s cryptocurrency, Ether, began trading on the CME for the first time this past week. Ethereum is currently recovering above $1800 and it is likely to climb above $1900 soon. Ethereum has remained relatively flat for the past few days as bulls and bears are fighting for the $1600 level. If Ethereum price breaks above the upper boundary of the channel, it could test an important resistance at $1900. However, a successful break above the channel could open the doors for a fresh increase above the $2000 level. In the mentioned case, the price is likely to rise towards the $2100, $2200, and $2300 resistance levels in the coming sessions.
Litecoin LTC ( $207.10 ) 5 Day Increased +37.13%
Litecoin is currently the 8th most valuable crypto asset with a market cap above $14 billion this week. Gradual warming to cryptocurrencies by financial companies combined with both retail investments and institutional interest has carved the way for bitcoin’s renewed momentum in 2021. All of these crypto adoptions work together to create a network effect, as crypto assets like Ethereum, bitcoin cash, and Litecoin seem to be some of the select altcoins that benefit the most. Moreover, Cryptwerk lists over 2,200 companies currently accepting LTC as payment.
Bitcoin Cash BCH ( $716.05 ) 5 Day Increased +60.69%
Kim Dotcom published a website this past week highlighting the benefits of using Bitcoin Cash, sending the cryptocurrency higher, according to Bitcoin News. Bitcoin cash is currently trading for $719 per coin and has a $13.4 billion market cap.
Bitcoin Cash has dominated the crypto news over the weekend that made a leaping in the value of Bitcoin Cash (BCH). Bitcoin Cash (BCH) was up 52.87% at the time of publishing this article, valuing the cryptocurrency at $704.47, which is the highest it has been since mid-2018.
Bitcoin Cash (BCH) is a decentralized digital currency created through a fork of Bitcoin BTC in 2017. In “Bitcoin Cash: The Road To Mass Adoption”, leading figures from the BCH ecosystem explain the reasons for their optimism and their contribution to the development progress in 2021. Having emerged from the uncertainty surrounding developer funding, many developers, analysts and supporters believe Bitcoin Cash is headed for a breakout year in 2021.
GIFA Token ( $27.30) 5 Day Increased +39.61%
Bitcoin altcoin continues to rise this past week and GIFA Token, the newly launched digital currency is no exception. The corporate-backed cryptocurrency is up with $27.30 and blistering 253% in just 4 months. GIFA Token price has climbed, over 1100 digital wallets have created, thanks to its subscribers and investors who stock up the tokens and fuelling the price high. The surge in the price of GIFA Token and other cryptocurrencies is a testimony that the digital currencies become mainstream due to soaring interest from both retail and institutional investors, increasing levels of mass adoption and global interest.
Attempting to predict the price movement of GIFA Token based on technical indicators has proven to be exceptionally difficult. However, analysts looked to metrics such as social volume, trading volume, and institutional portfolios to anticipate price movement. GIFA Token’s price prediction is set to hit the $1,000 mark within three years period. Some crypto analysts reckon that GIFX will become a sought-after cryptocurrency within the supply and demand chain-financial management.