{"id":314,"date":"2021-06-28T04:47:20","date_gmt":"2021-06-28T04:47:20","guid":{"rendered":"https:\/\/digitalcoinprice.com\/blog\/?p=314"},"modified":"2023-03-28T11:49:43","modified_gmt":"2023-03-28T11:49:43","slug":"great-crypto-trends-in-2021","status":"publish","type":"post","link":"https:\/\/digitalcoinprice.com\/blog\/great-crypto-trends-in-2021","title":{"rendered":"Great Crypto Trends in 2021"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_73 counter-flat ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Content<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #223c50;color:#223c50\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #223c50;color:#223c50\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/digitalcoinprice.com\/blog\/great-crypto-trends-in-2021\/#Crypto_Trends\" title=\"Crypto Trends\">Crypto Trends<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/digitalcoinprice.com\/blog\/great-crypto-trends-in-2021\/#Increased_Institutional_Adoption\" title=\"Increased Institutional Adoption\u00a0\u00a0\">Increased Institutional Adoption\u00a0\u00a0<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/digitalcoinprice.com\/blog\/great-crypto-trends-in-2021\/#Support_from_the_Business_Sector\" title=\"Support from the Business Sector\u00a0\u00a0\">Support from the Business Sector\u00a0\u00a0<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/digitalcoinprice.com\/blog\/great-crypto-trends-in-2021\/#Governments_Support_Crypto_Adoption\" title=\"Governments Support Crypto Adoption\u00a0\u00a0\">Governments Support Crypto Adoption\u00a0\u00a0<\/a><\/li><\/ul><\/nav><\/div>\n<p><span style=\"font-weight: 400;\">Crypto Trends &#8211; Cryptocurrencies have become a hot topic around the world, especially in 2021. Today, they are recognized for the advantages they offer to the users, from providing a safe alternative to traditional currencies to being used as an anonymous payment method for transferring funds over the Internet.\u00a0\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Of course, as the crypto market expanded, the number of crypto owners and altcoins has increased, as well. But, what all cryptocurrencies have in common is that they are more or less affected by the trends in the crypto space. That being said, let&#8217;s take a look at some of the greatest crypto trends in 2021.\u00a0\u00a0\u00a0<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Crypto_Trends\"><\/span><strong>Crypto Trends<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li><span style=\"font-weight: 400;\"><strong>Bull Cycle<\/strong>\u00a0\u00a0<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">The bull market phase of Bitcoin in 2021 also had an impact on other cryptocurrencies on the market. More specifically, Bitcoin has entered a bull market phase after its halving event that happened on May 12, 2020.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u00a0Afterward, the price of Bitcoin consistently increased, and it managed to raise its value by over 170% by the end of 2021. In fact, the price climbed from a price of $10,000 to a price point of over $20,000 in December 2020. What&#8217;s more, the bull cycle continued, and it amassed huge attention and new investors as Bitcoin&#8217;s value hit $60,000.\u00a0\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">As we said earlier, this newfound fame of Bitcoin was reflected in other cryptocurrencies on the market, such as Ethereum, Litecoin, Dogecoin, and Cardano, among other virtual currencies. If you want to learn in-depth about cryptocurrencies, a reputable platform that offers a detailed overview of the crypto space is <\/span><a href=\"https:\/\/learncrypto.com\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">learncrypto.com<\/span><\/a><span style=\"font-weight: 400;\">.\u00a0\u00a0\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Otherwise, the crypto market is still in development, and certain events can have an impact on the trajectory of the price of cryptocurrencies. This is why the amazing bull run of Bitcoin had an impact on the other currencies on the market, especially since there was an increase in the demand for cryptocurrencies.\u00a0\u00a0<\/span><\/p>\n<ul>\n<li>\n<h3><span class=\"ez-toc-section\" id=\"Increased_Institutional_Adoption\"><\/span><strong>Increased Institutional Adoption\u00a0\u00a0<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">In the beginning, a lot of accredited institutional investors were skeptical about the potential of cryptocurrencies and the crypto market; however, we can definitely say that this has changed, especially with the latest bullish cycle of Bitcoin.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Today there are actually a lot of crypto trust funds that are investing in cryptocurrencies. One example is the reputable Grayscale Crypto Trust fund that has experienced crypto assets increase by 900%. MassMutual is another investor that has allocated $100 million from its capital to BTC. Overall, there was a $15 billion investment of institutional investors in cryptocurrencies, and it is a great step that promotes the <\/span><span style=\"font-weight: 400;\">mainstream adoption of cryptocurrencies<\/span><span style=\"font-weight: 400;\">.\u00a0\u00a0<\/span><\/p>\n<ul>\n<li>\n<h3><span class=\"ez-toc-section\" id=\"Support_from_the_Business_Sector\"><\/span><strong>Support from the Business Sector\u00a0\u00a0<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">In 2021 and in 2020, we have seen an increase in the number of businesses that accept crypto payments. In fact, there are actually famous brands that have decided to support cryptocurrencies by accepting purchases made with crypto.\u00a0\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Some of the more popular companies that are recognized for accepting crypto transactions are PayPal, Microsoft, Square, Venmo, Tesla, Etsy, among many other well-known companies.\u00a0<\/span><\/p>\n<ul>\n<li>\n<h3><span class=\"ez-toc-section\" id=\"Governments_Support_Crypto_Adoption\"><\/span><strong>Governments Support Crypto Adoption\u00a0\u00a0<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">This is one of the latest trends, as governments around the world are interested in cryptocurrencies and the regulation of the crypto market. Some are even working on their own virtual currency. One example is China which has worked on <\/span><a href=\"https:\/\/www.forbes.com\/sites\/rogerhuang\/2020\/08\/27\/the-digital-yuan-is-chinas-attempt-to-upend-the-global-financial-order\/\" rel=\"no-follow noopener\" target=\"_blank\"><span style=\"font-weight: 400;\">the development of the digital Yuan<\/span><\/a><span style=\"font-weight: 400;\">. Furthermore, El Salvador, which is a small country in Central America, decided to adopt Bitcoin as a legal tender. \u00a0 <\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Crypto Trends &#8211; Cryptocurrencies have become a hot topic around the world, especially in 2021. Today, they are recognized for the advantages they offer to the users, from providing a safe alternative to traditional currencies to being used as an anonymous payment method for transferring funds over the Internet.\u00a0\u00a0 Of course, as the crypto market [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":315,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[],"class_list":["post-314","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-news-updates"],"_links":{"self":[{"href":"https:\/\/digitalcoinprice.com\/blog\/wp-json\/wp\/v2\/posts\/314","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/digitalcoinprice.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/digitalcoinprice.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/digitalcoinprice.com\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/digitalcoinprice.com\/blog\/wp-json\/wp\/v2\/comments?post=314"}],"version-history":[{"count":4,"href":"https:\/\/digitalcoinprice.com\/blog\/wp-json\/wp\/v2\/posts\/314\/revisions"}],"predecessor-version":[{"id":2303,"href":"https:\/\/digitalcoinprice.com\/blog\/wp-json\/wp\/v2\/posts\/314\/revisions\/2303"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/digitalcoinprice.com\/blog\/wp-json\/wp\/v2\/media\/315"}],"wp:attachment":[{"href":"https:\/\/digitalcoinprice.com\/blog\/wp-json\/wp\/v2\/media?parent=314"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/digitalcoinprice.com\/blog\/wp-json\/wp\/v2\/categories?post=314"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/digitalcoinprice.com\/blog\/wp-json\/wp\/v2\/tags?post=314"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}