Today is a groundbreaking day in the cryptocurrency space. Today started with Bitcoin and Ethereum breaking all-time highs, XRP is getting close to $2 with ADA getting close to $1.50.
Bitcoin is currently at $64,300, and Ethereum is at $2,300. It is amazing how these two top cryptocurrencies have surged in the past 12 hours. XRP is moving up very quickly; it is currently at a dollar and eighty cents.
XRP got delisted from major platforms and major exchanges because of the SEC lawsuit. Many people predict that XRP will break its previous all-time highs once relisted on Coinbase and other major exchanges.
Cardano ADA went up by over 8%, and it is currently at a dollar and forty cents. Financial advisers are still very bullish on ADA, and they believe that it is one of the highest return on investment out of the top 10 in 2021. From the look of things, ADA will probably be thriving by the end of 2021, and a ten-dollar ADA is possible in 2021.
Dogecoin broke all-time highs today. Elon Musk is continuing to promote this and push for a Dogecoin mass adoption. Dogecoin getting close to the ten-cent mark is huge, and Dogecoin is on the rise in the future as long as Elon Musk continues to push it. Elon Musk stated that he would take Dogecoin to the moon, literally.
Vchain is up by about 22%, EOS is on the rise at seven dollars and fifty cents.
Many small capital cryptocurrencies have been correcting after their peaks; many of these smaller cryptocurrencies have surged by going up more than 500% and more in a short period.
You have to understand that if you are buying at the peak in smaller market capital cryptocurrencies, they will be volatile at the same time. Most people make this mistake and complain when the dip happens, but you have to expect it to buy at a peak price. No matter the amount of hype or FOMO surrounding a cryptocurrency, you have to keep in mind that early investors have high profits and may want to take profits when the price goes up. When they do this, it causes a correction to the price of the project. It is very normal to get corrections, especially in smaller cryptocurrencies as they surge.
Altcoins will have their time, especially after top tens, profits spillover, and people reinvest their profits from the top ten cryptos into smaller market capital cryptocurrencies. There is a possibility that we will see a lot of cryptocurrencies below the top 100 rankings surging again, especially the ones that have major events coming up, building major products, and have main net launches coming.
The crypto space is looking great in general today, and everything is in the greens. It is always a good thing when Bitcoin and Ethereum break all-time highs, a lot of profits spill over to the altcoins, and it also brings a lot of retail to the crypto space.
