2024

Bitcoin

<p>The post <a href="https://coinpedia.org/news/crypto-market-outlook-2024-the-potential-of-altcoins-in-the-wake-of-bitcoin-etfs/">Crypto Market Outlook 2024: Key Events Driving the Next Altcoin Boom</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>2024 started on a high note with the groundbreaking approval of <a href="https://coinpedia.org/information/how-to-buy-spot-bitcoin-etf-step-by-step-guide/" target="_blank" rel="noreferrer noopener">spot ETFs for Bitcoin</a> by the U.S. Securities and Exchange Commission (SEC). Despite Bitcoin’s stable pricing in the $45K-$47K range, the altcoin market witnessed a surge, notably Ethereum Classic (ETC) soaring by 48%, leading the way for other major altcoins such as <a href="https://coinpedia.org/price-prediction/market-price-prediction-ethereum-2019/" target="_blank" rel="noreferrer noopener">Ethereum (ETH)</a>, Cardano (ADA), and Avalanche (AVAX) with double-digit gains.</p> 
<p>So, what’s next for the market? Here’s all you must know to navigate the future! </p> 
<h2 class="wp-block-heading" id="h-altcoins-pick-pace">Altcoins Pick Pace</h2> 
<p>The recent rally in altcoin prices is fueled by rising expectations within the crypto community about the SEC’s potential approval of spot-based ETFs for alternative cryptocurrencies. Crypto analyst Lark Davis, known as “Crypto Lark,” speculates Ethereum spot ETFs might gain approval around May, a significant development for the second-largest cryptocurrency. Bloomberg analyst Eric Balchunas puts the odds of an Ethereum ETF in May at 70%.</p> 
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   <p lang="en" dir="ltr">Ethereum spot ETFs coming in May (first final deadline from SEC)! <br><br>ETH futures already approved… so that means ETH is already classified as not a security. <br><br>EIP 4844 coming to lower layer two fees big time! <br><br>Bitcoin halving coming… <br><br>Probably an XRP ETF as it is also not a…</p>— Lark Davis (@TheCryptoLark) <a href="https://twitter.com/TheCryptoLark/status/1745977370513637757?ref_src=twsrc%5Etfw">January 13, 2024</a>
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<p>Miles Jennings, A16Z general counsel, suggests that the SEC’s approval of Ethereum futures products signals a favorable stance on Ethereum, steering clear of classification as a security.</p> 
<p>Also Read: <a href="https://coinpedia.org/price-analysis/xrp-bulls-well-in-position-can-they-trigger-a-fresh-upswing-to-hit-1-in-january-2024/" target="_blank" rel="noreferrer noopener">XRP Bulls Well in Position: Can They Trigger a Fresh Upswing to Hit $1 in January 2024?</a></p> 
<h2 class="wp-block-heading" id="h-is-an-xrp-etf-coming"><strong>Is An XRP ETF Coming?</strong></h2> 
<p>Following the Ripple SEC lawsuit’s landmark ruling declaring XRP not a security, Crypto Lark considers the potential for an XRP ETF. The crypto community eagerly awaits the next major ETF approval post-Bitcoin, with Steve McClurg, co-founder and CIO of Valkyrie Funds, dropping hints about potential Ethereum or XRP ETFs.</p> 
<h2 class="wp-block-heading" id="h-2024-the-year-we-hit-the-biggest-milestones">2024 – The Year We Hit the Biggest Milestones! </h2> 
<p>Beyond these groundbreaking developments, 2024 promises other significant events, including the Ethereum Dencun upgrade and the <a href="https://coinpedia.org/beginners-guide/what-is-bitcoin-halving/" target="_blank" rel="noreferrer noopener">Bitcoin halving</a>. Analysts paint a bullish picture of an altcoin boom in 2024. Lark Davis envisions it as “the biggest altcoin party ever seen.” This optimism draws parallels to historical precedents, where the SEC’s approval of BTC futures funds triggered a spectacular rally in altcoins, soaring over 500%.</p> 
<p>If history repeats itself, Ethereum, <a href="https://markets.coinpedia.org/xrp/" target="_blank" rel="noreferrer noopener">XRP</a>, and other altcoins could experience substantial growth in 2024, potentially overshadowing Bitcoin in market dominance. The crypto community stands at the brink of a year filled with anticipation. Folks, we’re in for a wild ride. We’re excited – are you?</p>

Crypto Market Outlook 2024: Key Events Driving the Next Altcoin Boom

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