A lot of things have been happening in the crypto space over the past 24 hours. Banks are now discussing allowing their customers to purchase Bitcoin directly from their bank accounts; Ethereum broke another all-time high of $3,500, a lot of altcoins are surging up.
Ethereum hit an all-time of $3,540, it had a little retracement, but Ethereum has been n a steady rise for a few weeks. The prediction of a $5,000 Ethereum by the end of May is looking possible day by day.
Binance BNB is holding steady at around $640. Dogecoin is on the rise again; it hit sixty-nine cents earlier. It is interesting and amazing how high Dogecoin has gone; it now has a market capitalization of over eighty billion dollars. It is getting close to flipping Binance BNB for the third spot on the chart.
Litecoin, Uniswap, and Chainlink are not performing like the other altcoins, but these cryptocurrencies have surged earlier. Litecoin and Chainlink have a lot of growth to do in this bull market, especially Chainlink because it is being used for Oracle more in the crypto space; more utility is coming out of the Chainlink project.
Everything in the crypto space is looking good today; it looks like we are at the start of an altcoin season. A lot of bullish coins that have events coming up will be surging soon.
Altcoins just repeated a move that could launch them over 27,000% this year. There is high potential in most of the top 100 cryptocurrencies, but if you want higher returns, you need to look at the smaller market capital cryptocurrencies that are unknown and find hidden gems. You have to keep in mind that those coins are the ones with higher risks. People who find hidden gems and hodl are the ones that will get high percentages in returns; top ten or even top 100 cryptocurrencies may not see extremely high percentages in returns.
Another 50% gain for Dogecoin has confirmed altcoin season as Bitcoin continues to dwindle. The Dogecoin rally has sparked several speculations concerning the arrival of the alt season as Ether celebrates its eight-straight day of reaching new highs. Ethereum has hit a new all-time high eight days in a row; it is steadily climbing, breaking new all-time highs and moving up by 100 or 200 dollars per day.
The biggest news trending on the crypto space at the crypto space is that US banks will allow Bitcoin trading in 2021. US lenders are enthusiastic about getting in on the crypto trading action and may soon allow their customers to start buying cryptocurrency from their bank accounts. This is a big deal because if banks start getting on board and allow customers to buy cryptocurrency directly from their bank accounts and hold, it will be game-changing. JP Morgan has already stated that they would start offering Bitcoin service when there is more demand, and from the look of things, the demand will go up by the end of 2021.
