Source: Adobe/manuelhuss
2020 may be a hard act to follow for the cryptoasset market. Beginning on January 1 with a total market capitalization of around USD 190bn, the entire market has grown over USD 560bn in December.
This increase has unsurprisingly been paralleled by the performances of individual cryptoassets, with bitcoin (BTC) rising around 150% over the same time frame, and with ethereum (ETH), XRP and chainlink (LINK)rising by around 330%, 190% and 590%, respectively. Assuming that the above coins simply replicate this year’s performance in 2021, they will rise to around USD 45,900 (BTC), USD 2,400(ETH), USD 1.6 (XRP), and USD 84 (LINK) by the end of next year.
But what do people within the industry think are realistic price targets for six of the biggest cryptos — BTC, ETH, XRP, litecoin (LTC), LINK, BCH — in 2021? To answer this question, Cryptonews.com has talked to a selection of analysts. If they’re right, 2021 may end up being even better than 2020.