3 Cryptocurrency Trends to EXPLODE in 2021| Get Rich With Crypto
The new bullish trend of cryptocurrencies will be radically different – opinion
New growth is characterized by the presence of a large infrastructure of cryptocurrency services, according to Gemini
So far, Bitcoin is struggling to break the $ 12,000 mark
At Gemini, first of all, they are trying to contribute to the new growth of cryptocurrencies due to large investments in business expansion.
Cameron Winklevoss believes that the existing infrastructure in the cryptocurrency market is significantly different from the situation in 2017, which will affect growth
Co-founder of the Gemini cryptocurrency exchange Cameron Winklevoss said that the upcoming Bitcoin bullish trend will be “dramatically different” from all previous ones..
He wrote about this on his Twitter page..
Cameron Winklevoss believes that the new bullish trend in Bitcoin differs from the previous ones by the presence of a whole infrastructure of new services focused on cryptocurrencies..
“The world today has exponentially more capital, human capital, infrastructure and high quality projects than in 2017,” he wrote..
In favor of the new bullish trend, the Gemini co-founder also cited the upcoming inflation that all traditional fiat currencies will face..
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The last major cryptocurrency bullish trend in 2017 pushed the bitcoin price up by almost 2000%.
However, the new trend, according to the opinions in the cryptocurrency community, will not be so massive, although it will contribute to reaching new historical highs.
Meanwhile, the short-term pump of the Bitcoin price that began the other day is starting to weaken due to resistance at the level of $ 11,170.
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The largest cryptocurrency by market capitalization last traded above this threshold in August 2019.
On moment of writing, bitcoin rate is $ 10,963.
Overcoming the price of Bitcoin of the psychological resistance line at the level of $ 13,000 can not only open the doors to growth to the highs of 2017, but also provoke the season of altcoins.
Cameron Winklevoss’s optimistic forecast is primarily associated with the expansion of Gemini’s business in the Asian market.
Previously BeInCrypto editors wrote, that Gemini hired former Goldman Sachs executive Jeremy Nga as their director of Asia.
Former top manager of a large American bank is responsible for shaping Gemini’s overall Asia strategy, product development and action plan.