2024

Sponge

Terra

Bold

<img src="https://cdn.thebittimes.com/images/2024/01/08/1704718630.webp" alt=""> 
After a successful 2023, the bulls are now looking forward to another extremely profitable year in 2024. The cryptocurrency market already saw an ideal start to the year, with the Bitcoin price climbing to the $45,800 mark. Other large caps such as Ethereum, Solana and Near also witnessed considerable gains. 
With the Bitcoin ETF approval date fast approaching, likely falling between today and January 10th, investors are hopeful that Bitcoin will witness a noticeable uptrend in the days following the SEC's approval, followed by the altcoins.&nbsp; 
The upcoming Bitcoin halving, likely scheduled for April, will act as an additional bullish catalyst for the market. Furthermore, the US Federal Reserve is expected to cease its monetary tightening and adopt quantitative easing for the better part of 2024. The central bank’s dovish stance would be an extremely positive signal for the market to engage in a higher degree of risk-taking, which could catapult crypto prices to new highs.&nbsp; 
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<h2 dir="ltr" id="span-10-bold-crypto-predictions-span">10 Bold Crypto Predictions</h2> 
Despite the abundance of bullish narratives throughout the year, crypto investors are preparing for extreme volatility on either side. Cryptocurrencies could break out towards new all-time highs, only to be followed by a 20% bearish candle. It is not without reason that “expect the unexpected” is often the best strategy in the crypto space.&nbsp; 
In this article, we reveal 10 bold crypto predictions for 2024 that could surprise even seasoned traders. However, if investors are prepared well in advance for these events, they could also turn out to be excellent money-making opportunities.&nbsp; 
<h3 dir="ltr" id="span-bitcoin-falls-to-35k-in-january-span">Bitcoin Falls To $35k In January</h3> 
Unfortunately, our first bold crypto prediction might not be what the bulls want to hear. There is a distinct possibility that the Bitcoin price could fall to $35,000 by the end of January.&nbsp; 
Typically in the halving years, the Bitcoin dominance peaks in the first financial quarter, mostly in January. For instance, the Bitcoin price plummeted 45% in March of 2020 and 18% in January of 2016.&nbsp; 
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Furthermore, on every instance that Bitcoin has closed out the months of September, October, November and December in the green, it has experienced a sharp pullback in January due to profit-taking from the investors.&nbsp; 
Experts are also highlighting the possibility of the spot Bitcoin approval turning out to be a “Sell The News” event, which would be an additional bearish factor that could contribute to BTC’s slide.&nbsp; 
Consequently, analysts such as Michael van de Poppe of MN Trading believe that <a href="https://x.com/CryptoMichNL/status/1743178575149228202?s=20" target="_blank" rel="noopener">Bitcoin could rise up to $48,000</a>, only to plummet back to the $35,000 - $38,000 range. Analyst Rekt Capital is also highlighting a strong likelihood of the BTC price retracing back to the $35k point.&nbsp; 
However, the experts believe that this slide will only serve as one last “buy the dip” opportunity, after which Bitcoin will resume its upward trajectory.&nbsp; 
<h3 dir="ltr" id="span-bitcoin-hits-100k-by-the-end-of-2024-span">Bitcoin Hits $100k By The End Of 2024</h3> 
Despite Bitcoin’s potential slide to $35k in January, the overall sentiment regarding it remains extremely bullish.&nbsp; 
According to its price history, the Bitcoin price starts its second bullish wave a few months after the BTC halving. This will likely coincide with the Federal Reserve cutting its Federal Funds Rate, with the combination of the two likely leading to BTC hitting a new all-time high.&nbsp; 
Analysts have been giving a number of bold predictions when it comes to Bitcoin’s price potential this year. For instance, venture capitalist and longtime bull Tim Draper believes that BTC could hit $250,000 in 2024 while financial services platform Matrixport believes that the Bitcoin price will reach $500,000 by the end of the year.&nbsp; 
However, most experts are in consensus that BTC will breach $100,000 in 2024.&nbsp; 
<h3 dir="ltr" id="span-ethereum-outperforms-solana-in-2024-span">Ethereum Outperforms Solana In 2024</h3> 
Solana was one of the most bullish cryptocurrencies in 2023, appreciating 920% over the span of a year. It was an impressive performance by the cryptocurrency that is often referred to as the “Ethereum killer”, considering that ETH saw a relatively modest albeit impressive growth of 90%.&nbsp; 
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$SOL backers believe that this trend will continue in 2024. However, there is a strong possibility that Ethereum will turn out to be a better investment opportunity for 2024 over Solana.&nbsp; 
Experts highlight that during the 2022 bear market, $SOL experienced a significantly larger drop in its value than $ETH and other altcoins. Consequently, during the ongoing bull market, Solana is witnessing a stronger recovery as compared to the other cryptocurrencies. Having already secured an 11x surge in its value, $SOL’s bull rally could slow down in 2024.&nbsp; 
ETH is also receiving a tremendous push due to the institutional interest in it. Several TradFi giants, including <a href="https://www.reuters.com/business/finance/blackrock-woos-investors-ethereum-trust-further-crypto-push-2023-11-16/#:~:text=Nov%2016%20(Reuters)%20-%20Asset,approval%20of%20such%20investment%20vehicles." target="_blank" rel="noopener">BlackRock</a> and Fidelity, have filed for spot Ethereum ETF, which experts believe has not yet been priced in.&nbsp; 
<h3 dir="ltr" id="span-crypto-mining-stocks-will-skyrocket-in-2024-span">Crypto Mining Stocks Will Skyrocket In 2024</h3> 
As the price of Bitcoin surges, so does the value of miners’ BTC rewards and reserves, which is making the crypto mining industry extremely profitable. As such, mining stocks such as $RIOT, $CLSK and $HUT witnessed considerable demand and saw significant gains in 2023. Experts are in consensus that this trend is likely to continue in 2024.&nbsp; 
A cloud mining token - <a href="https://shrt.care/f24415e8?referrer=10-bold-crypto-predictions-for-2024" target="_blank" rel="noopener">Bitcoin Minetrix</a> - is also gaining strong traction, having raised millions in its fundraising phase. The project seeks to make Bitcoin rewards accessible to small scale investors by mining on their behalf and fairly distributing the profits. This removes the entry-level barriers of high capital investment and technical expertise.&nbsp; 
Analysts believe that Bitcoin Minetrix could experience 1000% growth in 2024.&nbsp; 
<h3 dir="ltr" id="span-new-meme-coins-will-outperform-dogecoin-shiba-inu-span">New Meme Coins Will Outperform Dogecoin, Shiba Inu</h3> 
Dogecoin and Shiba Inu were two of the top-performing tokens during the last crypto bull run, popularizing the meme coin concept in turn. However, their fame has led to the birth of a number of new meme coins with excellent utility and tokenomics, which could draw away capital from the two giants.&nbsp; 
Meme coins such as Pepe, Floki and Bonk have already displayed their price potential, even securing Tier-1 crypto exchange listings such as Binance and Coinbase.&nbsp; 
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Even newer meme tokens such as Meme Kombat and Sponge V2 could also display 10x - 100x gains and are already capturing the imagination of investors.&nbsp; 
<a href="https://shrt.care/b591bffa?referrer=10-bold-crypto-predictions-for-2024" target="_blank" rel="noopener">Meme Kombat</a> has already raised over $6 million in its presale in a span of just a few weeks, thanks to its play-to-earn, staking and GambleFi features. Meanwhile, <a href="https://shrt.care/eb563bf4" target="_blank" rel="noopener">Sponge V2</a> is the second iteration of the Sponge meme coin, which was one of the best performing meme coins of 2023, delivering 100x gains to the early buyers. Backed by revamped tokenomics, Sponge V2 is set to replicate its predecessor's performance.&nbsp; 
<h3 dir="ltr" id="span-pepe-other-new-meme-coins-will-be-listed-on-coinbase-span">Pepe, Other New Meme Coins Will Be Listed On Coinbase</h3> 
Coinbase has typically been extremely selective while adding new meme coins, highlighting the extreme volatility and inherent risks. But the largest US crypto exchange recently listed Bonk on its platform, signalling that it is open to adding new tokens with strong community backing and explosive price potential.&nbsp; 
Pepe had previously already secured a Binance listing. If experts are to be believed, Coinbase could be the next exchange listing $PEPE on its platform, as the frog-based meme coin is expected to deliver significant returns in 2024.&nbsp; 
Other new meme coins such as Floki, Meme Kombat and Sponge are also being rumored to land Coinbase listings.&nbsp; 
<h3 dir="ltr" id="span-xrp-price-will-hit-1-in-march-span">XRP Price Will Hit $1 In March</h3> 
2023 turned out to be a mixed year for XRP. On the one hand, Ripple scored several landmark victories against the US Securities and Exchange Commission, with Judge Analisa Torres of the SDNY District Court ruling that XRP is not a security.&nbsp; 
Judge Torres then rejected the SEC’s motion for an interlocutory appeal against her previous ruling, after which the Commission dropped its lawsuit against Ripple executives Brad Garlinghouse and Chris Larsen. 
Despite the groundbreaking victories, the XRP price was unable to breach the $1 mark, trading only as high as $0.85 after Torres’s initial ruling. Analysts reveal that Ripple’s wins came in the midst of a bear market when the crypto industry was struggling from a lack of liquidity.&nbsp; 
With the Federal Reserve expected to start its quantitative easing in March of 2024, the market will be flushed with fresh capital, which could finally catapult XRP to the coveted $1 mark.&nbsp; 
<h3 dir="ltr" id="span-bankrupt-tokens-ftt-terra-luna-will-generate-surprising-returns-span">Bankrupt Tokens FTT, Terra Luna Will Generate Surprising Returns</h3> 
During the bear market of 2022, the crypto market witnessed many massive bankruptcies and collapses. For instance, the Terra Luna UST stablecoin lost its $1 peg, followed by a free fall to zero. Similarly, FTX filed for bankruptcy after its mismanagement of client funds came to light, leading to the collapse of its FTT tokens.&nbsp; 
Despite their collapse, FTT and the new Terra tokens - LUNA 2.0 and LUNC - have witnessed periods of strong growth in their value. In fact, FTT appreciated by 170% over the past year alone, After SEC chairman Gary Gensler hinted that FTX could make a comeback under different leadership.&nbsp; 
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Similarly, Mint Cash, in partnership with Aleph Research, is working to revive the Terra ecosystem, backing the stablecoin with Bitcoin.&nbsp; 
Therefore, FTT and Terra tokens may display explosive growth in 2024. However, investors need to remain cautious while investing in these cryptocurrencies, due to the possibility of more scams or rug pulls.&nbsp; 
<h3 dir="ltr" id="span-ai-tokens-best-crypto-niche-for-2024-span">AI Tokens - Best Crypto Niche For 2024?</h3> 
Artificial Intelligence and blockchain technology are two of the most futuristic concepts, with a tremendous demand. Consequently, top AI tokens such as Injective, Internet Computer, The Graph and Render are poised to lead the 2024 crypto bull market.&nbsp; 
These tokens have already witnessed strong growth in 2023, with Injective appreciating by an eye-popping 2700% over the year. Similarly, $RNDR, $ICP and $GRT exploded by 770%, 200% and 133% respectively.&nbsp; 
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However, experts believe that these AI-powered cryptocurrencies still have tremendous upside and could be some of the best cryptocurrencies to invest in 2024. New AI-based tokens such as yPredict ($YPRED), which seeks to make crypto trading easier for its users, could also generate 1000% growth.&nbsp; 
<h3 dir="ltr" id="span-sec-will-lose-jurisdiction-of-the-crypto-industry-span">SEC Will Lose Jurisdiction Of The Crypto Industry</h3> 
The US Securities and Exchange Commission has perhaps been the obstacle in the path of the crypto industry. SEC chairman Gary Gensler has publicly stated that Bitcoin is the only cryptocurrency that it is comfortable labelling as a non-security.&nbsp; 
<a href="https://www.ft.com/content/1f873dd5-df8f-4cfc-bb21-ef83ed11fb4d" target="_blank" rel="noopener">Coinbase CEO Brian Armstrong</a> also disclosed that the SEC asked the crypto exchange to delist all tokens, except Bitcoin. Upon Armstrong’s refusal, the Commission proceeded to sue the exchange for illegal trading of unregistered securities. The SEC also sued other top exchanges such as Binance and Kraken.&nbsp; 
However, the federal agency’s actions are being strongly opposed, not just by the industry proponents but also by lawmakers in the US Congress. A few senators and representatives have publicly called for the firing of Chairman Gensler.&nbsp; 
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Furthermore, a number of pending bills in the US Congress seek to evaluate the SEC’s jurisdiction over the industry and potentially even curtail it. Finally, with the US presidential elections taking place in November of this year, there is a distinct possibility that the new administration will replace Gensler with a much more pro-crypto chairman.
Source: <a rel="dofollow" target="_blank" href="https://thebittimes.com/10-bold-crypto-predictions-for-2024-bitcoin-ethereum-xrp-meme-coins-tbt75900.html">https://thebittimes.com/10-bold-crypto-predictions-for-2024-bitcoin-ethereum-xrp-meme-coins-tbt75900.html</a>

10 Bold Crypto Predictions For 2024 - Bitcoin, Ethereum, XRP, Meme Coins

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