The price of Bitcoin had been on a parabolic rise for the first two weeks of 2021 — despite the temporary void left by institutional players. The price of Bitcoin continued to muscle through, thanks to retail FOMO.
XRP soared significantly over the last month, bouncing back from a tough August to almost tripling its price. These wild price swings are more often than not associated with fundamental changes. So what’s different this time?
The decentralized finance (DeFi) market saw a strong resurgence beginning June 2020. The popularity of DeFi and the vast amounts of capital deployed across DeFi protocols could positively affect Ethereum in 2021 through four factors.