We broke that 52 thousand dollar Bitcoin resistance now up above 55 thousand dollars is an excellent sign for the crypto space. Bitcoin demand will continue to rise especially leading up to the next stimulus cheque.
Adoption of crypto is growing massive as different merchants are starting to accept Bitcoin
Looking at the markets, we can see that Bitcoin passed 54 thousand dollars up by about 8% in the seven-day column. Every other top ten is on the rise as well, especially Binance BNB, which is up by about 15% right now. It is closing in on that 300 dollar BNB price again, still holding a third in the coin market capitalization.
Cardano ADA did temporarily take third place, but Binance BNB flipped it.
Binance BNB solves the gas problem with Ethereum right now. If you have ever used Pancake Swap, it is straightforward to use, especially when connecting with a trust wallet. It is effortless for you to execute transactions and purchase altcoins on Pancake swap for under a dollar fee transaction.
Uniswap Version 3 will be launched very soon. This explains why it has jumped to the top ten and has surpassed Litecoin and Chainlink. A Uni Airdrop might also probably come for all Uniswap holders and liquidity providers, which is good because it is like receiving a stimulus package on top of a stimulus package.
The last Airdrop Uniswap did was worth twelve hundred dollars at that time, with Uniswap around three hundred dollars. The price of Uniswap is now at a 10x so if you held that Unitoken Airdrop that you got some time ago, in the summer, it is now worth twelve thousand dollars and more.
The stimulus package and the Uni Airdrop will generate a lot of activity in the crypto space.
We have to take note that this next stimulus package, when compared to the previous one, there are a lot more retail investors in the crypto space with this next stimulus package, and the next one is two hundred dollars more than the previous one.
All that, including a Uniswap airdrop, will put a lot of money into the crypto space, and hopefully, it may help prop the crypto space upwards.
We may see new all-time highs coming for Bitcoin, and a lot of these top ten cryptos, especially the ones leading up to major events. For example, Litecoin leading up to the launch of their privacy features and PayPal crypto merchant payments.
