Crypto Analyst’s Predictions for 2024
Cryptocurrency analyst Miles Deutscher shared his predictions for 2024 on social media, outlining significant trends and events in the crypto space.
Record Year for Crypto Airdrops
Deutscher anticipates 2024 to be the biggest year for crypto airdrops, with major ones expected from LayerZero, zkSync, Manta, Linea, Wormhole, and the Cosmos ecosystem.
Ethereum’s Comeback Against Bitcoin
He predicts a shift in sentiment favoring Ethereum over Bitcoin, driven by the traction of the ETH ETF and the rollout of the Dencun upgrade.
Continued Regulatory Pressure
Despite some easing of regulatory fears, Deutscher expects them to resurface, with bodies like the SEC remaining persistent.
Bitcoin’s Price Fluctuations
He foresees a 20% drop in Bitcoin’s price, likely in the first half of the year, but maintains an overall positive outlook for 2024.
Breakthrough in Crypto Gaming
Deutscher predicts the emergence of the first hit game in crypto gaming, validating the sector and sparking increased interest.
Growth of AI in Crypto
According to Deutscher, the AI crypto sector is expected to see significant growth, hosting some of the best performers and major token launches.
Rise of Cosmos Ecosystem
He is increasingly bullish on the Cosmos ecosystem, predicting its growth in dominance and hosting major new launches.
Focus on Blockchain Scaling
Deutscher sees modularity and parallelization as key trends for blockchain scaling, with increased adoption and utilization.
Bitcoin Ordinals as a Top Narrative
Deutscher believes that Bitcoin ordinals will be one of the strongest performing narratives of the year.
Increase in DEX Volumes
He anticipates a rise in DEX volumes compared to centralized exchanges, driven by regulation, improved DEX/wallet user experiences, and increased liquidity.
Concluding Thoughts
Deutscher concludes by emphasizing the excitement and volatility expected in 2024, with numerous new trends emerging in the cryptocurrency world.
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