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The year 2020 was a true stress test, with Bitcoin hitting a low of $5,225 in March and a high of $27,362, according to data provided by CoinMarketCap.

The new year 2021 is perhaps following the same trend, with the Bitcoin price breaking all the barriers by reaching $56,200 at the time of writing.

The institutional investors have started backing the crypto world in a big way, moving some of their cash reserves into cryptocurrency as a hedge against fiat currency’s inflationary potential.

Where such big investors have come forward to back cryptocurrencies, some are not in favour of the same.

How accurately can you predict Bitcoin price? And, what exactly waits for the crypto market in 2021?

Let’s dig into the recent cryptocurrency price prediction 2021.

Cryptocurrency Price Predictions for 2021

Why not begin with the top-performing cryptocurrency, Bitcoin?

Bitcoin (BTC)Price Prediction for 2021

Bitcoin is the most expensive, most capitalized, most known and the most in-demand cryptocurrency by far. On Saturday, it surged to another record by reaching more than $1 trillion in market value.

Despite several shortcomings, the most liked cryptocurrency has never seized any chance to surprise the market with its price surge, making it a promising investment option. A few people have predicted prices for Bitcoin –

Peter Schiff

Peter Schiff is a Euro Pacific Capital CEO, recently mocked for the predictions he has been making for 2 years.

Since 2019, Schiff has been saying via his tweets that Bitcoin would never reach $50K price point. And his prediction didn’t fail him until 2021.

peter scheff tweet

After Bitcoin hit the $50K price point, the Euro Pacific Capital CEO had to accept it, however unwillingly.

In his latest tweet, Schiff accepts and predicts that Bitcoin can reach $100K.

Max Keiser

The $50,000 Bitcoin price has long been a matter of debate between Peter Schiff and Max Keiser.

Max Keiser is a popular television personality and a well-known market analyst. Many times, he has been reported saying that Bitcoin’s price hitting $50K threshold would soon leave Peter Schiff panic.

In his latest edition of the Keiser report, which went live on February 16, 2021, Max Keiser has predicted that Bitcoin could increase by 4,000%.

Elon Musk

Elon Musk has been seen supporting Bitcoin, which can be seen on his Twitter handle. He has invested $1.5 billion in Bitcoin. His tweets have been going viral.

In his recent tweet replying to Peter Schiff, the world’s richest person said Bitcoin prices ‘seem high’.

Ethereum (ETH) Price Prediction

The brainchild of Vitalik Buterin, Ethereum too is continually storming new price records since December 2020.

Image Source: CoinMarketCap

As per the reports, Ethereum’s development team has started working on the transition of Ethereum 2.0, attracting large investments in this project and increasing user interest in the ETH.

This is resulting in surging ETH prices and is expected to continue rising throughout the year.

Also, according to the recent tweet by Elon Musk (mentioned above), he seems to be very positive about the Ethereum price going up too.

Polkadot (DOT) Price Prediction

Polkadot is a flagship project by Web3 foundation that allows you to transfer different data kinds between blockchains.

Since its launch in August 2020, DOT has been making steady waves in the market, replacing XRP from the slot of top cryptocurrencies as per the market cap.

Since its launch, DOT is getting incredible investor attention owing to its robust blockchain performance and strong interoperability approach.

At the time of writing, the 4th largest cryptocurrency by market cap was priced at $39.

Image Source: CoinMarketCap

The Polkadot ecosystem is still in the development process. Thus, we can expect some price swings for its native coin DOT.

Cardano (ADA) Price Prediction

According to a recent survey conducted by FINTECH ZOOM, traders should expect a slight surge in the Cardano price, breaking above the $1.150 price level.

If the trend continues, Cardano (ADA) should climb to the $1.50 mark by the next week.

Not only this, the cryptocurrency is can touch $3 price by 2023 as per the data provided by other acencies.

Tron (TRX) Price Prediction

Tron price hit a new high of 2021, touching $0.061 on February 21 at IST 8:29 PM. The digital currency has established a strong support trendline this year and aims for a breakout above a crucial resistance point this year.

Chainlink (LINK) Price Prediction

Chainlink has recently attracted more attention from institutional investors as well as projects. As per the reports, more than 300 partners have already implemented this decentralized oracle.

It has resulted in an increased value of the LINK coin.

The more the ecosystem develops, the more valuable the asset is expected to be. A lot of investors today consider LINK as a long-term investment option.

Final Thought

In 2021, making cryptocurrency price prediction seems to be a difficult task. The cryptocurrency market has proven itself to be a highly volatile market, ruled by news from influencers and regulators.

Following recent trends in the crypto world, if you ask “when to buy Bitcoin in India in 2021?”, it’s perhaps the right time to go for this bet.

However, it can also be said that the crypto market is performing, followed by the news and people opinions circulating over the internet. So, it doesn’t really answer the question above. You are still advised to do your own research before finalizing your decision to step into the market.

Once you feel positive, you are free to go for the best cryptocurrency exchange in India.

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