What are the crypto predictions for 2021?

According to Coinpedia’s crypto predictions 2021, Ethereum may continue to be in a bullish cycle and trade between $4,000 and $5,000 at the start of 2022. With some variations during the year and focusing more on Ethereum innovations, the price of ETH could spike dramatically and reach $6,000 by the end of 2022.

Is bitcoin a good investment in 2021?

Using Bitcoin at retail will become standard practice for any retailer who wants to stay in business. Governments will begin the process of being able to tax crypto transactions or income through accounting systems like Cryptio. Many crypto forecasters see a major rally for Bitcoin in 2021, with predictions ranging from $50,000 to $300,000.

What is the best crypto prognostication for 2023?

The first crypto prognostication for 2023 is that Ethereum ( ETH -2.76%) will do the impossible, even if only for a very short time, and surpass the market value of Bitcoin ( BTC -1.86%). The toughest aspect of this prediction is that Bitcoin and Ethereum tend to be highly correlated. When one rises or falls, the other usually follows.

How much has the value of digital currencies tumbled in 2021?

Based on data from CoinMarketCap.com, the aggregate value of more than 22,100 digital currencies has tumbled from nearly $3 trillion in November 2021 to less than $795 billion as of early morning Dec. 29, 2022. That's about a 74% drawdown in less than 14 months.