5 bold crypto price predictions for 2024: Explained by Digimagg

As the year comes to an end, Bitcoin is poised to commence 2024 at a value exceeding $40,000, marking a rebound of 50% from the bear market correction following its peak of $69,000. Concurrently, the total market capitalization of cryptocurrencies worldwide stands at $1.65 trillion.

Best crypto price predictions

We've compiled a varied selection of 2024 cryptocurrency price projections from leading crypto analysts, encompassing Bitcoin forecasts and altcoin selections, spanning both optimistic and pessimistic viewpoints:

Crypto Tony - Anticipates a "Glorious" meme season

With 382,000 followers and a consistent presence on crypto Twitter since the 2017 bull market, @CryptoTony__ provides daily technical analysis focusing on trending altcoins and BTC.

He holds a positive long-term outlook, expressing confidence in the SEC's eventual approval of Bitcoin ETFs. Reuters reports that major players like BlackRock, VanEck, and Fidelity are anticipated to receive notification of the decision in early January. Moreover, Coinbase has made thorough preparations for the potential approval of spot ETFs.

However, he does anticipate some short-term downside if the market has already factored in that information. Recently, he shared a Bitcoin price chart indicating the $38,000 level as a significant support level, anticipating a potential correction to this point due to a decline in bullish momentum.

Following this analysis, he presented optimistic charts for various altcoins, such as Internet Computer (ICP), Immutable (IMX), and Tellor (TRB), alongside a forecast of a promising future meme season.

Among the meme coins he has highlighted are FLOKI (FLOKI) and the newly introduced ICO Meme Kombat (MK).

Crypto ZEUS - Forecasts $16 trillion crypto market by 2030

YouTube commentator Crypto ZEUS uploaded a video recently discussing a widely circulated crypto price forecast featured in Forbes. According to this prediction, Bitcoin, Ethereum, Solana, and XRP are projected to surge, potentially propelling the total cryptocurrency market capitalization to $16 trillion.

Additionally, ZEUS dedicates a significant portion of his market analysis to exploring new projects during their presale stages, with the goal of identifying potential breakout stars akin to Pepe or Bonk, the standout performers of the current year.

A notable memecoin for 2024 that Crypto ZEUS has spotlighted is Sponge, which achieved a market capitalization of $100 million in mid-2023. Currently, it is transitioning to Sponge V2, which enhances its utility as the native token for an upcoming play-to-earn crypto game.

Interestingly, a significant stake in Sponge is held by a crypto wallet associated with Justin Sun.

Jacob Bury - Envisions $10 trillion crypto market by 2025

In his recent comprehensive overview of the top cryptocurrencies to invest in, altcoin expert Jacob Crypto Bury forecasts the cryptocurrency market cap to reach $10 trillion by 2025. He expresses particular optimism for Sei (SEI) as the standout performer heading into 2024. Bury anticipates that numerous altcoins, including some of his top selections such as $OP, $AAVE, $LINK, $SUI, and $MATIC, will maintain their upward trajectory and experience significant growth.

A month ago, Jacob recommended $SEI in a video at $0.28, and it surged to a record high of $0.63 yesterday, delivering over a 100% return for his audience of 25,000 followers. 

In late 2023, he also discussed other lesser-known altcoins, such as Meme Kombat, a choice endorsed by Crypto Tony, and Bitcoin Minetrix ($BTCMTX).

Sami Loyal - Predicts significant Bitcoin sell-off

Renowned YouTuber Sami Loyal, known as 'Forflies', forecasts a potential Bitcoin price decline to the $18,000 area, citing the absence of a double bottom formation similar to previous market cycles. Additionally, Sami highlights that Bitcoin has faced multiple rejections at the $44,000 level, and he observes a significant decline in Bitcoin dominance.

In the mentioned video and other recent content for his 129,000 subscribers, Sami clarifies his belief that while he anticipates the approval of spot Bitcoin ETFs, he cautions against the expectation that this news event will instantly generate substantial profits for traders, emphasizing that such gains do not typically materialize immediately in markets.

In a recent video, Sami accurately predicted the peak of Solana, which has since declined by 20% following his recommendation to sell $SOL. Despite this, he remains optimistic about the significant potential gains for other altcoins if Bitcoin continues to lose its dominance. Among his recent selections for new low-cap altcoins was Wall Street Memes (WSM), which he highlighted in a video back in June.

ImNotTheWolf - Forecasts Bitcoin's superior performance over altcoins

Operating as a full-time trader since 2016, @ImNotTheWolf had stayed on the sidelines since mid-December, awaiting a correction in Bitcoin's open interest. The support trend in OI that he identified was tested recently, prompting him to initiate a 10x long position. He anticipates Bitcoin to outshine altcoins in the near future and anticipates a breakout from its ascending triangle pattern.

If his prediction proves accurate, a possible Bitcoin price objective for January 2024 might be the 0.618 Fibonacci retracement level of the bear market correction, reaching slightly above $48,500.

However, ImNotTheWolf's target is even more ambitious, aiming to secure profits between $50,000 and $51,000 by executing limit orders. His cryptocurrency price forecast contrasts with much of the market sentiment, as he stands out as one of the few who is more bullish on BTC than altcoins in the short term.