BTC and ETH price at the end of 2020

Since the beginning of this year, the largest cryptocurrencies in terms of capitalization showed high growth in value. The bitcoin rate increased by 65% to $11,800, the Ethereum price - by 240% to $455. Crypto-experts have a positive outlook on the digital money market in the next few months.

Our considerations about Bitcoin

Bitcoin is now in the range of $11-12k, we see a decrease in volatility, but we believe that in the fall we will see the main cryptocurrency at a price of $14k, and maybe even higher - all the prerequisites for this are there. Tension and instability are growing in the world. This is now the main catalyst for the growth of crypto prices, and institutional investors are beginning to enter this market.

Our considerations about Ethereum

As to Ethereum, it’s very difficult to predict, because everything rests on the success of the transition to Ethereum 2.0 and the solution of the problem of network scalability. Nevertheless, we can see that despite significant risks, most investors are positive: the exchange rate of the cryptocurrency is growing, the number of addresses where ETH is stored is increasing.

What do you think about it?