|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cryptocurrency News Articles
Analysts Say Bitcoin ETF Inflows Will Affect BTC's Price in 2025
Dec 16, 2024 at 04:35 pm
Bitcoin hit an all-time high of $101,000 this year, gaining a whopping 132% price increase in 12 months. The key factor that drove BTC's price increase was the US spot Bitcoin ETFs launch in January 2024.
Bitcoin (BTC) price hit a new all-time high in 2024, rising to $101,000 and gaining an impressive 132% over 12 months. A key factor driving BTC’s price surge was the launch of US spot Bitcoin ETFs in January 2024.
Initially, experts predicted that the ETFs would accumulate cash inflows ranging from $5 to $15 billion in their first year. However, the ETFs proved to be a massive success, exceeding predictions and garnering over $100 billion in inflows within just six months.
According to Bitwise analysts, Bitcoin ETF inflows are expected to continue rising. With additional interest from corporations and governments that missed out on the first wave, BTC’s price could be pushed up to $200,000 in 2025.
The ETH price chart shows a 66% price gain over the year. However, it could have been better for Ethereum, which suffered from a divided investor base. Potential Ethereum investors chose to invest in Bitcoin and smaller competitors.
But there is optimism that increased activity from Ethereum’s Layer 2 blockchains, such as Starknet and Base, will improve investor sentiment and drive up investments in ETH. It saw the ETH supply briefly turn deflationary.
If Ethereum sees massive growth in the number of stablecoins and tokenized projects built on the network, ETH price could gain 47% and rise to $7,000.
Solana is the undisputed meme coin blockchain and of the magnificent three, SOL performed the best this year, with a price increase of 232%.
Solana’s ascendant meme coin launchpad, Pump.fun, which launched in the UK in January 2024, cemented Solana’s place as the go-to blockchain for meme coin launches. By October 2024, the launchpad had facilitated the creation of over 2 million tokens and generated over $100 million in revenue.
Next, Solana could capitalize on its success with meme coins by welcoming and promoting projects with real utility. This could drive SOL’s price up by another 232% to hit an ATH of $750.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
-
- AI Tokens Emerge as 2024's Standout Winners, Defying Market Turbulence to Close the Year on a High Note
- Dec 16, 2024 at 09:25 pm
- After seeing their valuations plummet earlier this year, caused by the US government's expanded export restrictions on AI chips to China and global market turbulence, AI tokens are closing 2024 on a high note, emerging as the standout winners with triple-digit gains.
-
- Floki Announces Partnership with BAD Protocol to Integrate AI Solutions into Its Ecosystem on BNB Chain
- Dec 16, 2024 at 09:25 pm
- Floki, a popular community-driven cryptocurrency project, has announced a strategic partnership with BAD Protocol, a blockchain platform known for its contributions to artificial intelligence (AI) development.
-
- AI Trading Agents Revolutionize Cryptocurrency Trading for Bitcoin (BTC) and Dogecoin (DOGE)
- Dec 16, 2024 at 09:15 pm
- The world of cryptocurrency trading is evolving rapidly, with new technologies emerging to aid investors in maximizing their returns. One of the most significant innovations is the development of AI (artificial intelligence) trading agents, which are revolutionizing how traders interact with digital assets such as Bitcoin (BTC) and Dogecoin (DOGE).
-
- The Top 3 Cryptos to Invest in for Short Term in December 2024: Qubetics, Monero, and Immutable X
- Dec 16, 2024 at 09:15 pm
- Cryptocurrency has become a dynamic market, attracting investors seeking rapid returns. Unlike traditional assets, cryptos can experience dramatic price shifts within days or even hours, offering lucrative short-term opportunities. However, navigating this volatile market requires keen insight into projects with strong fundamentals and immediate growth potential. For December 2024, Qubetics, Monero, and Immutable X have emerged as the top contenders for short-term investments, each bringing unique value propositions to the table.