Post-Holiday Crypto: Unwrapping The Season
Sure, you can’t ‘unwrap’ your crypto this upcoming holiday – but there’s still plenty to look forward to. Throughout the past several years, crypto has been a hot topic amongst households and growing in mainstream media reports. With 2021 coming to a wrap, let’s dive into the latest from the leading crypto tokens.
Holiday Specials: The Dips To Lean On
Many of the top cryptos are facing small dives and minor sinking as predicted during the holiday season. Many big movers and shakers are absorbing losses or taking profits before the new year turns around, and while newer investors and those less-familiar with crypto may see red flags, those who have played in the space for some time could be seeing ‘green flags’ all around.
Many crypto veterans are suggesting that now could look to be a good time to ‘buy the dip’. If you followed Bitcoin throughout last year, during April it was worth about $7k fast forward to 2021: it’s now worth $48k.
Whether you hold crypto or not – you are likely familiar with bitcoin, the coin that gained mainstream attention and is the ‘Godfather of crypto.’ These days, it’s practically seen as a ‘no brainer’ for anyone to hold or even watch.
Bitcoin has continued to be a top dog and open many doors for cryptocurrency in the eyes of mainstream media. With major backing from companies like Cash App and growing acceptance from federal bodies (such as El Salvador), this coin continues to impress and hold the top spot.
Even when other countries have banned or went after bitcoin, it only seemed to make the popularity get even bigger in the end. This holiday season, we’ve seen middling performance, but still a bright road ahead.
Ethereum is second on the list in terms of market cap – the crypto widely seen as a leader in DeFi and NFT tools, but one with extensive fee issues as the blockchain works to scale. With the rise of NFTs and their popularity, Ethereum has gained an edge in front of many – however altcoins performed exceptionally well in 2021 as they look to gain ground and eat into ETH’s market share, particularly as the altcoin chatter has ramped up going into the 2021 holiday and turning into the new year.
Nonetheless, Ethereum continues to grow and pass milestones as time goes on due to the fact its the main head of many Layer 2 bockchains, and thus holds the end-chain for many other major players in cryptocurrency.
It’s still wise to look into this coin and see the beauty behind it, and how this is not something to take lightly as 2022 gets going, as we wrap the holiday break to close 2021.
There are a number of altcoins looking to gain ground, with the likes of Cardano, Storm X, Shiba Inu, and Hedra Graph- these coins and many more are all showing promising upside and have substantial partnerships and contract deals in place. All-in-all, 2022 continues to look to be a break through year for cryptocurrency and could contribute and help take shape to the next 10 to 20 years of the way we use our economics and the web.Source