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The US dollar lost about 7% of its value in 2020, while Bitcoin rose by about 300% in the same period. As the institutional adoption of Bitcoin grows, US companies can diversify their treasury with other valuable stores, and Bitcoin (BTC) has a good chance of amassing some of it.

Crypto market data daily view. Source: Coin360

Ark Invest’s Latest Report, “Bitcoin: Preparing for Institutions”, shows that even a meager 1% allotment by S&P 500 companies could raise the price of Bitcoin by $ 40,000. However, analysts at Ar believe the allocation is likely to be between 2.5% and 6.5%, which “could affect bitcoin’s price by $ 200,000 to $ 500,000.”

Even as the price of Bitcoin is consolidating and gearing up for the next step, several altcoins have rallied, supported by strong fundamentals and investor high expectations of their upcoming products. Today let’s take a look at three such tokens.