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2020 Is Winding Up, Here Are the Top Ten Predictions for Bitcoin (BTC), Ethereum (ETH), and DeFi in 2021

Here Are the Top Ten Predictions for 2021

The Stock-to-Flow model, which is based on halvings and the BTC supply puts Bitcoin at a potential target of $100,000 by the end of 2021.

2) ETH Discovery and Investment Options
Unlike BTC, ETH is about 60% beneath its ATH indicating there is room to the upside. Since the start of 2020, the number of ETH addresses holding for over a year increased from 17.7 million to nearly 29 million. In 2021, it is predicted that institutional players will continue discovering ETH and its investment features.

3) ETH Mining Will Be Bye-Gone
Mining will be officially disabled on Ethereum blockchain in 2021 as ETH 2.0 which will make Ethereum purely a Proof-of-Stake (PoS) consensus is to be fully rolled out.

4) ETH Will Decouple From BTC
Ethereum has been seen to mirror Bitcoin price actions. It is predicted that this narrative might change due to the massive institutional inflow into Bitcoin which may cause a decoupling between BTC and ETH, other Altcoins inclusive.

5) The Rise of NFT
NFTs or non-fungible tokens encompass things like digital art, gaming assets, and other digital artifacts. These tokens are based on the Ethereum blockchain. Considering that the benefits associated with NFTs are being brought to bear gives the market opportunity to grow in 2021.

6) DeFi Will Continue to Thrive
Though there are concerns about regulatory onslaught against DeFi, the sector will continue to thrive in 2021. Also, it is predicted that there will be increased DeFi adoption by the traditional financial industry.

Courtesy: defipulse.com

Image Credit: Digitalik, DeFiPulse, Shutterstock

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