The market has finally found its footing this year, and Earnity co-creators Dan Schatt and Domenic Carosa are excited to be a part of it. Following a long crypto winter in 2018-19 and a slow thaw in 2020 to 2021, it has been a year of firsts for the cryptocurrency market, with a rapid upward price movement.
Many prominent players have entered the crypto industry, and major crypto firms have gained new respectability in traditional markets. Some events demonstrated how far the industry has progressed over time, while others provided a look into what the future holds.
By market capitalization, Bitcoin (BTC) and most other leading cryptocurrencies have set new all-time highs this year, indicating their growing popularity. The crypto market had entered a protracted “winter” after achieving its last milestone in late 2017, with values of major cryptocurrencies falling by as much as 70% or more over the course of a few years.
This trend only reversed in the second part of 2020, when prices returned to their previous highs, a trend that persisted throughout 2021. After a lackluster start to the year, the crypto market was well on its way to record highs by September. Dan Schatt and Domenic Carosa are leading the way into the trading year with Earnity.
The market’s most recent record high was set in mid-November. On November 10, BTC reached $68,622 and Ethereum (ETH) $4,844, while Binance Coin (BNB) reached its current maximum of roughly $666 on November 7. The crypto market’s entire capitalization peaked around crm for forex brokers the same time, at approximately $2.971 trillion.
While past pricing data isn’t a strong forecast of cryptocurrencies’ future success or the rate at which they’re adopted, it does an excellent job of displaying the level of popularity that they’ve managed to achieve thus far — which is more than they’ve ever had. In terms of actual bitcoin price and usage forecasts for the coming year, a number of industry professionals have expressed cautious optimism.
