With just one week left in 2024, analysts anticipate a notably bullish start to the year.
With 2024 shaping up to be an explosive year for cryptocurrencies, leading analysts have assessed where major cryptocurrencies could be headed. Let’s take a look at the forecasts for Bitcoin, Ethereum and XRP.
Analysts Expect Significant Advances for BTC, XRP and ETH in 2024
For Bitcoin, prominent trader Criptocaballero890 believes it could reach $54,000 in the short term. The analyst uses the 4-hour chart, indicating that the price could be reached in the coming weeks.
Moving on to XRP, trader Chloe Le Pen believes that XRP will be notably bullish heading into 2024, opening at $1. Based on its current price of $0.62, this leaves room for gains of over 60% in the coming week. Furthermore, on the 4-hour chart, Aleta Satoshi predicts that Ethereum is poised for a strong breakout to the upside.
The analyst explains: “$ETH has been consolidating above its bearish channel ALL December, and it is time to take the next bullish step. Classic breakup, new test, continuation.” According to the analysis, ETH could reach more than $4,000 in the coming weeks.
From a longer-term perspective, billionaire venture capitalist Tim Draper believes Bitcoin will reach $250,000 in 2024. “I would say my $250,000 number will probably be there very soon,” but he even thinks it could “far surpass it..”
Trader Mags posted a popular XRP price prediction, predicting that it could reach highs of $7 in the next cycle. The analyst explained the four stages of a market cycle: a top breakout, first bounce, reaccumulation phase and parabolic phase. Mags believes that XRP is currently in stage three and could explode soon.
Moving on to Ethereum, renowned analyst Captain Faibik believes it could reach over $6,000 in the second quarter of 2024. “The $ETH bull run has already begun. “Expecting a new all-time high in the second quarter of 2024,” the analyst said.
Overall, analyst predictions for 2024 for major cryptocurrencies are around 10x or less. However, those looking for more impressive gains could consider smaller market cap projects that show strong bullish momentum. The most promising is Bitcoin Minetrix, a trending pre-sale that just surpassed $6.3 million.
Traders Back Bitcoin Minetrix at 100x After IEO
Bitcoin Minetrix is a revolutionary Bitcoin mining token on the Ethereum network. The project allows users to mine Bitcoin in the cloud by staking $BTCMTX tokens.
There are no hardware requirements or technical experience, making it ideal for beginners. Another benefit is that the decentralized and transparent $BTCMTX token eradicates the common risk of cloud mining scams, as no cash changes hands on the platform.
Furthermore, the central role of $BTCMTX means there could be a strong flow of demand that would help prop up its price and provide long-term potential. Its unique use case, strong tokenomics, and timely launch amid improving market conditions have compelled leading analysts to endorse Bitcoin Minetrix.
While predictions vary, one of the most common narratives is that $BTCMTX will rise 100x after its IEO. YouTuber Jacob Bury backed up this prediction in a YouTube video, as did No Bs Crypto.
One of the reasons analysts are so optimistic is that Bitcoin Minetrix is still in pre-sale, meaning those who buy now are among the first investors, generating outsized returns. However, the pre-sale price of $BTCMTX will rise in four days, so potential buyers should hurry to secure the biggest upside potential.
By Leonardo Perez
