All About Crypto Bull Run 2021 ; In this article, I explain the larger pieces of the puzzle contributing to this epic cryptocurrency bull run 2021
The year 2021 is what people call the “Year of Bitcoin” and the reason for this is actually self-explanatory. This latest bull run has brought not only vendors but also institutions and large businesses to the crypto community.
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Crypto Bull Run 2021 Elon Musk invested $ 1.5 billion in Bitcoin and made $ 1 billion in profit in less than a month. Therefore, the news spread rapidly. A huge wave of investors joined the crypto ecosystem and brought Bitcoin to a market capitalization of $ 1.7 trillion.
What if they say that Bitcoin is not your ticket to a life without financial worries? The person who says this draws attention with Ken the Crypto and the YouTube videos he publishes every week. Crypto Bull Run 2021
All About Crypto Bull Run 2021
In the midst of a cryptocurrency bull run, it’s vital to look at the impact on decentralized apps. In this context, DappRadar prepared an article and addressed this issue.
As cryptocurrency prices continue to rise strongly, the 2021 hopes of the blockchain community seem to be already coming true. However, dapp developers and users may have different opinions on this issue.
As with any large-scale cryptocurrency price volatility, activity on the Ethereum blockchain has also increased, increasing the cost of transactions. Of course, this does not affect whales moving around millions of dollars in value as they move in and out of complex DeFi locations. But for the rest, this can present difficulties when trying to issue NFTs, play games, or just exchange $ 100 tokens.
The Cost of Success
It was stated in the DappRadar content that this situation is nothing new. As we have already reported many times, gas prices have been rising historically in Ethereum since May 2020 and have been at a very high level since August. The new price range for ETH and the overall success of DeFi dapps means it’s unlikely to see gas fees below $ 1 again.
However, as the increasing number of new blockchains have become attractive, it seems possible to turn to different projects. It is also possible to use blockchains that transfer ERC20 tokens with short transaction times and nominal fees in reliable DeFi dapps.
In this context, the current bull run will accelerate the experiments conducted by companies such as Compound, Aave, and Synthetix to make these new solutions – whether entirely new blockchains or Tier 2 Ethereum-based solutions – ready for the future.
Whichever way you look at it, 2021 is shaping up to be a more impressive year for dapps than 2020. As the crypto money bull run continues, we seem to see a year in which new projects will mark.
Crypto Bull Run 2021 Recommendations
It is stated that Ken recently released a video about the 2021 bull run that changed the perspective of his followers on crypto investments. In the video, the strategies to be followed in order for investments to reach 100 times are explained. Followers say that they are excited to try these strategies.
His followers recommend that investors who want to increase their income significantly, take a look at Ken’s Youtube channel and try out how these strategies work in their portfolios.