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DEX Volume Surpasses $300 Billion In May – 96% Increase

source-logo  cryptogazette.com 31 May 2021 13:52, UTC

It’s been just revealed that the DEX volume surpasses $300 billion in May – this means a 96% month-over-month increase. Check out the following graph.

DEX volume surpasses $300 billion in May, a 96% month-over-month increase. pic.twitter.com/AuSSqP6kor

— unfolded. (@cryptounfolded) May 31, 2021

The crypto market looks pretty mixed today with the most important coins trading in the green. At the moment of writing this article, BTC is trading in the green as well and the digital asset is priced at $37,143.33.

There have been all kinds of optimistic predictions about the price of BTC these days despite the fall in price that we’ve all witnessed during the past weeks following Elon Musk tweets.

Bitcoin to surge by 500% until the end of 2021

There are some pretty optimistic predictions about the price of BTC these days despite the recent fall in prices. Check out the latest one below.

During a new interview on The Wolf of All Streets podcast, Keiser said that massive money printing and fresh signs of inflation will force companies to increasingly buy BTC this year.

He also said that corporations are taking part in this boosting BTC move and the buying spree will lead to a rise in the price of BTC by 500%.

“When corporate America really runs out of room to finagle and to escape the Bitcoin reality, they’ve got to make the move. I think it happens in 2021. My price target for 2021 is still $220,000 per Bitcoin. It’s an aggressive price target, but it’s based on the US dollar running into severe trouble.”

Keiser also addressed MicroStrategy’s initial $1 billion Bitcoin purchase, spearheaded by CEO Michael Saylor, as the tipping point for an era of corporate investment in Bitcoin, as the Daily Hodl online publication notes.

“He’s thrown down the gauntlet. And so now, every CFO and every CEO and every board member of every public company now has to take that on board.”