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Showing posts with the label 2024

Why ether underperformed bitcoin in 2024

Since January 1, bitcoin (BTC) has rallied 127% while its nearest rival, ether (ETH), trailed way behind at just 47%. A year-end review is in order to understand why Vitalik Buterin failed to lead ETH to outperform BTC and other major assets in 2024. For context, tether’s (USDT) market capitalization increased 52% this year. ETH’s market cap even failed to outperform a stablecoin. It has also underperformed XRP, BNB, SOL, and even DOGE. Embarrassment is setting in. Generally speaking, crypto assets are ending the year on a high note. Without exception, the market cap of every top 10 asset has outperformed the S&P 500’s 23% year-to-date rally. Respectably, ETH bidders lifted $4,000 offers for the first time since 2021 and suffered no major hacks or downtime. But why did ETH fail to outperform BTC so disappointingly? Here are ETH’s wins, losses, and major developments from 2024. Read more: Did Vitalik Buterin’s girlfriend stall Ethereum development? ...

Ripple Drop Can't Stop 44% Surge: Can XRP End 2024 at $2.50?

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Amid an ongoing price correction across the cryptocurrency market, Ripple’s December drop can’t stop its ongoing 44% surge as traders ponder whether or not XRP can end 2024 above the $2.50 mark. Indeed, the token has surged throughout the year but struggled during the holiday season along with the overarching market. There is an ongoing expectation that XRP will look to perform even better in the coming year. The token has thrived since the election of Donald Trump, and that sentiment could be massive for 2025. The question now is, just how high can it go, and what kind of head start can the conclusion of this year give it? Source: Investopedia Also Read: Ripple Surges 258% in 2024: What to Expect From XRP Next Year Ripple to End 2024 Above $2.50? What to Expect From XRP as 2025 Nears No matter how you slice it, 2024 has proven to be a massive win for the crypto sector. The asset class has been thriving, starting with the approval of crypto-based ETFs in January. In November...

2 cryptocurrencies to reach $100 billion market cap in Q4 2024

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Cryptocurrencies experienced massive losses this week as the “September Effect” started playing out in finance markets. According to renowned cryptocurrency analysts, this recent crash could have been the last shake-out before the 2024 crypto bull run. In this context, Finbold turned to market data to identify good projects with solid growth potential for the last quarter. For that, we looked into leading cryptocurrencies that could reach the $100 billion capitalization mark in Q4 2024. Essentially, the market cap is one of the most used benchmarks and value indicators by cryptocurrency investors. This is because digital assets can have very different economics and supply dynamics, requiring a common ground for fundamental analyses. Picks for you Brace yourself: Bitcoin could crash to $31,000 soon 3 ...

Bitcoin: Experts Predict $100k BTC in 2024 Amid Rebound

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The leading cryptocurrency is still expected to surge immensely this year, with experts predicting Bitcoin to reach a $100,000 point in 2024 despite the recent BTC crash. Monday had seen the asset fall below the $50,000 mark. Yet, it is already up 20% since that fall. The token had hit heights of $62,000 on Friday. The asset’s increase was closely connected to decreased panic of an impending US recession. Currently, BTC has settled above $60,200 and is up more than 1% in the last 24 hours, according to CoinMarketCap. That may only be the beginning of its gains this year. Also Read: Bitcoin ETF Options to Launch in the Second Half of 2024 Bitcoin to $100,000? 2024 Could Be the Year Bitcoin has certainly become a focal point this year. The asset kicked off 2024 receiving approval for the first crypto ETF in the US in January. Just three months later, the asset reached an all-time high of $73,000. That may not be the end of its record-setting for this year, based on many expert forec...