If you cannot see the email below, please click here to see the web version. Dear FreeBitco.in User, You are receiving this email because you are an active user at FreeBitco.in. Your User ID 4327909 was last active on 2021-01-06. LAST WEEK IN CRYPTO Hello FreeBitco.in Users! Since we're all crypto-enthusiasts here, we've decided to commence a weekly newsletter that will keep you updated with the latest developments in the world of crypto. Let's take a look at what happened in crypto last week: ➤ Bitcoin to reach $400,000 in 2021? Bloomberg Forecasts a $400,000 Target for BTC in 2021 BTC | BITCOIN $59768.76 +1.80% Bitcoin briefly touched $20,000 in Dec 2017, and it did it again in Dec 2020. However, this time it didn't stop there. We've seen Bitcoin peak out at $61,700 just last month, and Bloomberg believes it can touch $400,000 by the end of 2021. ''Our graphic depicts bitcoin on similar ground as the roughly 55x gain in 2013 and 15x in 2017,'' stated a report published by Bloomberg Crypto. ''To reach price extremes akin to those years in 2021, the crypto would approach $400,000, based on the regression since the 2011 high.'' Why 2013 and 2017? Those were the years subsequent to the ones with Bitcoin reward halvings. And according to the analysts at Bloomberg, history may repeat itself again. Maybe it's not too late to buy BTC yet. FUN Token Breaks Record, FUN Token hit its all-time high of $0.068 on 4th April during the FUN Token Trading Competition at Binance. Trading volume surged to a record $450 million when it made its way to the high. At the time of writing, FUN Token trades at $0.046. It's Altcoin Season and Crypto Is Reaping the Rewards ETH | Ethereum $2,024 +1.80% XRP | Ripple $0.964352 +4.80% XLM | Stellar $0.4886 +1.66% Bitcoin started the year with a 73% market cap dominance. However, with the latest Altcoin Season, its dominance has fallen to 53%. And that's not all; rallies in altcoins like ETH, XRP, TRX, and XLM have pushed the total crypto market cap to a whopping $2 trillion! Ethereum even touched its all-time high of $2,100 just a few days ago while XRP traded above $1 for the first time since 2018. Furthermore, the major contributors to the Altcoin Season this time around appear to be smart contract platforms that are competing with ETH, like TRX. Coinbase to Debut on NASDAQ With a $100 Billion Valuation In a potential watershed moment in the history of finance, Coinbase is going public with a $100 billion valuation. It is the first crypto exchange to go public and this could signal a turning point for crypto. Coinbase is planning to list shares of its stock on the Nasdaq Exchange on April 14. These will trade under the COIN stock ticker. Coinbase is planning a direct listing of its stock. This will allow current investors to sell their shares to new investors once the stock goes public. If the recent bull market wasn't enough, this news could attract hordes of crypto investors and institutions to invest in cryptocurrency. The tides are turning. WEEKLY ROUNDUP 12 Crypto Billionaires Make the 2021 Forbes Billionaires List As crypto makes waves around the world with the latest bull run, it has minted several new billionaires in the process. 9 new billionaires have joined the Forbes Rich List in 2021, pushing the total to 12. That's three times the number of crypto billionaires on the list in 2020. Some of the newcomers include the Winklevoss Twins, Michael Saylor (Microstrategy), Barry Silbert (Grayscale Bitcoin Trust), and Jed McCaleb (Ripple). These and 5 others join names like Changpeng Zhao (Binance), Brain Armstrong (Coinbase), and Chris Larsen (Ripple) that were on the list last year. Polkadot (DOT) Futures Hit $1 Billion in Open Interest On 3rd April, DOT hit its all-time-high at $46, that development saw the open interest in Polkadot Futures soar to over $1 billion, making it the third-largest futures market. In the process, it beat both LTC and XRP. DOT is another smart contract blockchain that has enjoyed a massive bull run in 2021. Furthermore, experts are bullish on DOT's future as it prepares to breakout soon. 100 Cryptocurrencies Reach $1 Billion Market Capitalization 2021 has been a year of significant milestones for the crypto space and this makes the list. Over the last two months, the number of cryptocurrencies and tokens with a $1+ billion market capitalization has doubled, with 100 coins achieving that figure this week. This has been possible due to institutional investors entering the space and innovations like DeFi and NFT propelling crypto into the spotlight. The future certainly looks bright now, if it didn't before!
STAY TUNED FOR THE LATEST NEWS EVERY WEEK Keep an eye on your inbox for your weekly dose of cryptocurrency news, updates, trends, analysis, and more. This email was sent to unilesstari.blog01@blogger.com because you have registered an account at FreeBitco.in. To unsubscribe from future promotional notification emails, please opt-out here. |
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