Wildest crypto predictions for 2024

We’re keeping the receipts on Crypto Twitter’s hottest takes heading into the new year

article-image

JPMorgan CEO Jamie Dimon | lev radin/Shutterstock modified by Blockworks

share

The online part of the crypto world is always good for a hot take or two. 

As we head into the new year, here are a few predictions for 2024, from the pretty reasonable to the only-in-crypto. 

A bearish year for Binance

Loading Tweet..

Binance saw its trading volume boosted by FTX’s collapse in November 2022.

Since then, its market share has shrunk, falling 20% through November 2023, according to CCData. The loss was worsened by the DOJ’s indictment against former CEO Changpeng Zhao.

Still, Binance has been the world’s largest exchange by volume since 2017 and remains well ahead of its competitors in daily volume.

And a bullish one for Coinbase

Loading Tweet..

A layer-2 and expansion abroad were among Coinbase’s initiatives this year. The exchange has also remained mostly free from the legal troubles that have plagued its competitors.

The price of COIN stock is up 376% on the year. 

JPMorgan tokenizes a fund

Loading Tweet..

JPMorgan has been active in the real-world assets space. Its Onyx blockchain arm carried out tests on tokenizing portfolios on permissioned blockchains.

However, JPMorgan CEO Jamie Dimon struck a different note when he talked about crypto being shut down at a Senate Financial Services Committee hearing earlier this month. 

$10 billion market cap for BONK?

Loading Tweet..

BONK is the latest dog coin to ignite crypto Twitter. BONK’s rally following its listing on Coinbase was the largest in 2023. The Solana-based coin has joined a larger Solana rally, rising over 300% in the last 30 days, according to CoinGecko. BONK’s market cap is currently more than $1 billion.

A quarter of a million dollars

Loading Tweet..

Bitcoin’s price has appreciated 159% in the past year, per CoinGecko, and the asset may have a couple more catalysts in 2024. 

SEC decisions on Ark and 21Shares’ spot ETFs are coming in January, and another halving, where rewards paid to miners by the network are cut in half, is estimated to happen in April

Bearish ETFs

Loading Tweet..

Buy the rumor, sell the news as they say. 

Analysts have predicted a sharp downside move is possible immediately after potential spot bitcoin ETF approval. However, prior precedent suggests that ETF approval would lead to a longer-term price rally.

Dig up your NFTs

Loading Tweet..

NFTs have shown positive signs lately after being hit hard by the bear market. The NFT marketplace Blur massively raised its trading volume following an airdrop earlier this year, overtaking OpenSea as the top NFT platform by volume. 

Elon drops a token

Loading Tweet..

Twitter’s rebrand as X this year fueled speculation about possible crypto integrations on the platform, especially given CEO Elon Musk’s ongoing interest in crypto. 
The hype is yet to develop into anything substantive however, and Musk tweeted in August that X will “never” launch a token.


Don’t miss the next big story – join our free daily newsletter.

Tags

Upcoming Events

Hilton Metropole | 225 Edgware Rd, London

Mon - Wed, March 18 - 20, 2024

Crypto’s premier institutional conference returns to London in March 2024. The DAS: London Experience: Attend expert-led panel discussions and fireside chats Hear the latest developments regarding the crypto and digital asset regulatory environment directly from policymakers and experts.

Salt Lake City, UT

WED - FRI, OCTOBER 9 - 11, 2024

Pack your bags, anon — we’re heading west! Join us in the beautiful Salt Lake City for the third installment of Permissionless. Come for the alpha, stay for the fresh air. Permissionless III promises unforgettable panels, killer networking opportunities, and mountains […]

recent research

Research report - cover graphics (1).jpg

Research

In this report, we dive into crypto private market data to gather insights on where the future of the industry is headed. Despite a notable downturn in private raises, capital continues to infuse promising projects that aim to transform payments, banking, consumer experiences, community, and more, with 2023 being the fourth-largest year for crypto venture capital.

article-image

BUZZ holds shares of Coinbase, Robinhood and MicroStrategy

article-image

Opinion: Even though I didn’t pay for my “Diamond Hands” burger with BTC, don’t let that fool you into thinking that crypto’s development is futile

article-image

The results mark “a major positive inflection point,” one analyst says, as the exchange carries net income momentum into a crypto rally

article-image

While the slate of 10 US spot bitcoin funds have tallied $4.6 billion of net inflows thus far, half of the field is lagging the leaders

article-image

Trading volumes totalled $154 billion in Q4, including $125 billion in institutional volume

article-image

DeFi on Bitcoin is all the rage right now and Stacks is positioned to benefit