Bitcoin is currently testing all-time highs leading to the next stimulus cheque. Among many others, exciting things are happening with NFTs. The NFT craze is presently booming.
Bitcoin is on a steady ride over the past few days after people heard about the next stimulus cheque coming out by the end of March. Not only that, this next stimulus cheque is the biggest one so far, and we have more retail investors in the crypto space than before, so that is a lot of coming into the crypto space and a lot more trading activity than the previous stimulus cheques.
On the chart above, Bitcoin is vetting ready to fest 58 thousand dollars, and it's getting very close. It is possible to break all-time highs today.
We are still a couple of weeks away from people getting their stimulus cheques, and we are already getting close to breaking Bitcoin's all-time high.
Ethereum will most probably break all-time highs by the end of March, and hopefully, April will be better.
It is very likely that Uniswap Version 3 will launch by the end of March, and a second Unitoken might come.
All this is occurring, alongside the stimulus cheques, will be massive for the crypto space.
Binance BNB is on the rise again and getting close to becoming priced at 300 dollars per BNB. It is up the most out of the top ten cryptos and is up by about 28% on the 24hr column. Even after the insane gains it has had over the past few weeks, it is still on a steady rise, and this might probably be because Binance BNB is solving the Ethereum gas fee problems right now.
The two main Ethereum competitors here are Cardano and Polkadot; they still have a way to go before solving the Ethereum gas fee problem. Cardano has the Goguen Mainnet coming, which will introduce smart contracts. Once that's fully launched and ready to be utilized, we will see many projects switching over from the Ethereum blockchain to the Cardano blockchain.
If you have noticed, the price of Cardano has been relatively stagnant. It has been on $1.11 to $1.20 for quite a while now. This reason for this is because leading up to the Mary Hard Fork update launch, a lot of people bought the test net and sold it the main net because, as usual, a lot of demand goes to projects leading into the mainnet. The truth is that we all expected this to happen.
