- Borislav Ivanov
Cryptocurrencies – our daily report (10.20.2021)
Updated: Oct 21, 2021
Bitcoin
Bitcoin continues the trend of growth, getting closer to its all-time-high. Our prognosis is that the oldest cryptocurrency is going to experience sustained growth for the foreseeable future, and we are far from another crash. It could be a good time to invest, however when it comes to cryptocurrencies, it is best to exercise caution.
Since our last repot, Bitcoin has experienced relative stability, and a gradual increase of value. An impressive value of $64 276 was reached, which is very close to Bitcoin’s peak value. Currently, it still sits above $64 000. It seems that the value is going to keep increasing, but it’s unclear for how long.
Price at its lowest this year: $30 191 | €26 068
Price at its highest this year: $64 499 | €55 368
Current price: $64 057 | €54 977
iStock.com/dulezidar
Ethereum
Ethereum has also been on the rise as of late, although not as sharply as Bitcoin. It is also close to reaching its all-time-high and maybe surpassing it, but we can’t say that for certain. Ethereum is a good investment, as it has shown the tendency of growth, while it is much less volatile than Bitcoin.
The value of Ethereum has also experienced growth during the last 24 hours, reaching a price close to its all-time-high. The peak value of Ethereum, during the last 24 hours is $3 893, while the current price is $3 854.
Price at its lowest this year: $733 | €632
Price at its highest this year: $3 976 | €3 433
Current price: $3 818 | €3 277
iStock.com/BackyardProduction
Dogecoin
The Australian parody cryptocurrency has been relatively stable during the past couple of months. Unlike other cryptocurrencies, there isn’t the tendency for a sharp increase in price for Dogecoin. The investment potential of Dogecoin is great, as more and more websites and businesses allow transactions, using the currency.
Since yesterday, Dogecoin’s value has been roughly the same, decreasing only by a small amount.
Price at its lowest this year: $0.005173 | €0.0045
Price at its highest this year: $0.671 | €0.58
Current price: $0.24 | €0.21
iStock.com/Adrian Black
Ripple (XRP)
Ripple has been relatively stable throughout the second half of 2021. There is a decent chance that prices will reach an all-time-high in the near future, although for the past couple of months the value has stayed roughly the same. It is a decently stable investment, but you should never invest too much in any cryptocurrency.
The price of Ripple has increased slightly since yesterday, however the change is minimal. This cryptocurrency has experiences prolonged periods of relative stability.
Price at its lowest this year: $0.238 | €0.21
Price at its highest this year: $1.81 | €1.56
Current price: $1.10 | €0.94
iStock.com/baona
Cardano
Cardano aims to directly compete with Ethereum and other similar decentralized platforms as a more secure, scalable, and efficient alternative. Since the beginning of the year, this currency has more than doubled in price. In recent months it has also remained quite stable. This also makes it lower-risk, relatively stable investment.
During the past couple of days, the price of Cardano has been decreasing, after experiencing a rise in value. If you are planning on investing in Cardano, it might be a good idea to keep an eye on the prices, as they are likely going to keep falling for a bit longer, after which they are going to rise once again.
Price at its lowest this year: $1.06 | €0.92
Price at its highest this year: $2.97 | €2.56
Current price: $2.10 | €1.80
iStock.com/baona
Polkadot
One of the more recently popular cryptocurrencies, Polkadot claims to be one of the more environmentally friendly currencies of its kind. After a steep fall in price in May, Polkadot has recovered from its pitfall, gradually increasing to an almost all-time-high. It seems that this cryptocurrency is also going to be on the rise in the foreseeable future.
Since yesterday, the value of Polkadot has stayed roughly the same, showing no immediate tendencies of growth or decline.
Price at its lowest this year: $10.80 | €9.33
Price at its highest this year: $46.85 | €40.46
Current price: $41.45 | €35.57
Stellar
Stellar has remained very stable for years, although it used to be low in price. This May, however, this cryptocurrency reached its all-time-high, after which it suffered a steep fall, similar to many other cryptocurrencies. The current trend for Stellar is a gradual increase, which could also lead to a new all-time-high for this currency.
The value of Stellar has remained roughly the same as yesterday, only decreasing by a small amount.
Price at its lowest this year: $0.132 | €0.11
Price at its highest this year: $0.735 | €0.63
Current price: $0.372 | €0.32
