Is 2024 a bull run for crypto?
It's 2024. Bitcoin is breaching all-time highs again, memecoins are popular once more and decentralized-finance projects are advertising eye-popping yields. All of this sounds like a bull-market atmosphere — but it might be a while until everyone's feeling the frenzy.
Thinking about investing in the popular cryptocurrency? A recent report predicts that Bitcoin will reach a new all-time high in 2024. Bitcoin (BTC) is expected to reach a new record of $88,000 (€82,000) throughout the year, before it settles around $77,000 at the end of 2024, according to a new report.
With stock indexes at all-time highs, it seems we are in the midst of a new bull market. While much of the market's recent gains have come from a handful of stocks, the rally has begun to broaden in recent months. Expectations of an earnings rebound in 2024 suggest earnings could continue to drive the market higher.
- Solana – A highly scalable smart contracts platform.
- Avalanche – A highly scalable alternative to Ethereum.
- Dogecoin – The original meme coin.
- Pikamoon – A GameFi metaverse project.
- Sei – A blazingly fast layer 1 blockchain platform.
Our most recent Ethereum price forecast indicates that its value will increase by 1.95% and reach $3,151.21 by April 21, 2024. Our technical indicators signal about the Neutral Bullish 58% market sentiment on Ethereum, while the Fear & Greed Index is displaying a score of 66 (Greed).
The crypto market has maintained its bullish momentum in 2024 after Ethereum rallied 85% and bitcoin gained nearly 150% in 2023. Heading into April, bitcoin prices are up another 64.9% year-to-date, while Ethereum prices are up 55.6%.
Investors must keep in mind that previous returns do not guarantee future returns, but in 2021, the value of Bitcoin soared well over 60%, demonstrating the possibility of serious returns. Meanwhile, in 2022 it plummeted by more than 70%. Since then, the value of Bitcoin has increased almost 49.2% to 2024.
Economic growth actually accelerated above its 10-year average in 2023. That resilience, coupled with a fascination about artificial intelligence (AI), changed investors' collective mood. The S&P 500 soared throughout the year and finally reached a new high in January 2024, making the new bull market official.
Bitcoin's price is up about 120% from this time last year. But judging by sentiment amongst crypto enthusiasts on X, we're only in the early innings of the bitcoin bull market that many believe will last through the better part of 2025. How can people be so confident that bitcoin's price will continue to rise?
"According to the crypto crowd, the #bullmarket has essentially come to an end after #Bitcoin's -16% market value drop since the #AllTimeHigh of $73,600 hit back on March 14th. At the same time, #bearmarket mentions are increasing," Santiment said.
Which cheap crypto will explode in 2024?
- Dogeverse (DOGEVERSE) – A multi-chain Doge token expected to boom in 2024.
- Slothana (SLOTH) – A hot Solana meme token raising over $550K in a few hours.
- Mega Dice (DICE) – A popular crypto casino offers daily rewards to token holders.
Binance Coin (BNB)
Its market cap has already doubled since the beginning of 2024, getting very close to previous 2021 all-time-highs. BNB is extremely liquid, given its primary listing on Binance, one of the world's largest cryptocurrency exchanges.
With the Bitcoin halving approaching, $SPONGE, $5SCAPE and $TUK have the potential to experience significant price increases. However, acting swiftly is essential, as some projects are nearing the end of their presale periods.
Many experts believe it's only a matter of time before bitcoin sets new all-time highs on its path to $100,000. The next potential catalyst for bitcoin's 2024 performance will be its halving event, expected in mid-April.
According to our Ethereum forecast for 2025, Ethereum's price will average around $7,600 in 2025.
| Year | Minimum Price | Maximum Price |
|---|---|---|
| 2029 | $517,096.29 | $619,176.08 |
| 2030 | $746,322.36 | $889,947.00 |
| 2031 | $1,103,061.68 | $1,334,505.54 |
| 2032 | $1,651,129.87 | $1,893,401.64 |
- Dogecoin (DOGE): The Meme coin.
- Shiba Inu (SHIB): Yet Another Meme Coin. ...
- Tron (TRX): Building a Decentralized World of Entertainment. ...
- Basic Attention Token (BAT): Revolutionizing Digital Advertising. ...
- Stellar Lumens (XLM): Banking the Unbanked.
Pal believes that Bitcoin could go as high as $1 million by 2025. As of now, $1,000 is worth around 0.0155 BTC. If BTC were to go to $1 million, 0.0155 Bitcoin would be worth $15,500. This would mark a return of 1,450%.
Exploring the potential cryptocurrencies like Pikamoon, Dogecoin, Book of Meme, Rosewifhat, and Zilliqa as contenders to hit the $1 milestone. Key factors like utility, viral potential, and clear roadmaps suggest their potential amidst market sentiment and unique tokenomics.
Analysts estimate that the global cryptocurrency market will more than triple by 2030. This all leads to one big trend. Cryptocurrency, once only understood among a relatively fringe community of anti-establishment investors, is now becoming a household name – and quickly.
Which crypto will explode in 2025?
Cryptos With Explosive Potential: Ethereum (ETH-USD)
Ethereum (ETH-USD) is simultaneously one of the most and least likely cryptocurrencies to return 5X by 2025. In order for that to happen the price would have to land somewhere between $15,000 and $16,000.
- Solana. 12,161.79 (3.47%) Buy.
- Bitcoin. 53,86,323 (0.76%) Buy.
- BNB. 46,591 (0.61%) Buy.
- Tether. 83.53 (-0.11%) Buy.
- Ethereum. 2,57,297 (-0.12%) Buy.
Fed Projections
In its latest long-term economic projections released in December, the Federal Open Market Committee projects core PCE inflation of 2.4% and GDP growth of 1.4% in 2024. FOMC members also anticipate just three interest rate cuts by the end of 2024.
Stock Market Forecast 2024: Wall Street Price Targets
Growth is expected to improve in 2024. Analysts are calling for year-over-year earnings growth of 11.5%, Butters says.
1. Positive returns -- but smaller than in 2023. I think that the overall stock market will deliver positive returns in 2024. However, I expect those returns to be somewhat smaller than they were last year.
