10 Crypto Predictions For 2024 Investors Need To Know
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Renowned crypto analyst Miles Deutscher has presented his predictions for the cryptocurrency market in 2024. Following a reflective look at his past forecasts, Deutscher shared a thread on X, outlining what he believes will be the key trends and shifts in the crypto sphere for the coming year. Deutscher began his revelation by acknowledging the mixed accuracy of his previous predictions for 2023. He candidly remarked, “Exactly one year ago, at the outset of 2023, I published a thread outlining my crypto predictions for the year. Looking back, I got a lot right – but also a lot wrong.” He highlighted his successful predictions for Coinbase, SOL, and BTC while admitting to miscalculations regarding ETH and being overly pessimistic about the market’s first half in 2023. Top 10 Crypto Predictions For 2024 In his 2024 outlook, Deutscher highlighted what he believes will be a record year for crypto airdrops. “With LayerZero, zkSync, Manta, Linea, Wormhole, Cosmos eco, and many more major airdrops drawing near, I’m expecting some massive airdrops this year,” he remarked, underlining the potential opportunities and magnitude of these events. Turning to Ethereum, Deutscher predicts a significant rebound against Bitcoin. This sentiment, he suggests, will be fueled by developments like the ETH ETF and the Dencun upgrade. “Many are fading it, but I believe it will take people by surprise,” he noted, indicating a strong conviction in Ethereum’s potential resurgence. Addressing the regulatory landscape, Deutscher anticipates a resurgence in regulatory pressures. While recent developments like the spot ETF and Binance settlement have temporarily eased regulatory fears, he expects agencies like the SEC to intensify their oversight efforts within the year. Discussing Bitcoin’s trajectory, Deutscher anticipates a notable price dip. “BTC will drop 20% sometime during the year (likely first half). Although I’m expecting 2024 to follow a positive…
Filed under: News - @ January 2, 2024 12:26 pm