The rise of Cryptocurrency in 2021

The uncertainties of the pandemic result in the rise of new Cryptocurrency globally. As of 2021, one of the most popular currencies like Bitcoin, was traded as high as 39,142.54 USD. In the last year, Cryptocurrency grew up to 317.2%, based on reports from YCharts. With such growth, more people are starting to trust Bitcoin as the best cryptocurrency to invest in, making it a viable mode of transaction in the world. The marketing and fame of these cryptocurrencies spread even further during the ongoing pandemic, attracting the attention of major Fintech organizations and angel investors.

Interestingly, some of the top-notch and most influential people in Cryptocurrency are Elon Musk, the owner of Tesla; Aaron Davis, the founder of Metamask; Akon, the founder of the Akon Lighting Africa; and Jesse Powell, CEO, and Founder of Kraken Exchange. Tesla bought $1.5bn in bitcoin, which rose the value of the currency even further. In this article, we shall highlight the rise of cryptocurrencies and their impact on the mobile world.

Read more to find out the latest updates and scope ahead for cryptocurrency in 2021 here.