Bitwise’s 10 Crypto Predictions for 2024
ETF applicant Bitwise sees a huge year for Bitcoin in 2024. Here are the top 10 predictions from the San Francisco-based crypto asset manager:

1. New all-time-highs (ATHs) for Bitcoin: Bitwise believes BTC could go above $80,000, spurred on by the halving and the historic launch of spot Bitcoin ETFs, which will finally make Bitcoin a mainstream investment option for everyone.

2. Bitcoin ETFs will be the most successful launches of all time: According to the firm’s internal research, ETFs could capture 1% of the $7.2 trillion U.S. ETF market, or $72 billion, within five year.

3. Coinbase could shock the market with its earnings: Bitwise believes the U.S. based exchange will beat Wall Street forecasts of revenue growth by at least a factor of 10.

4. Volume of transactions via stablecoins will surpass those by Visa: The firm predicts that stablecoins, one of crypto’s “killer apps,” will see an increased role in daily finances, even surpassing financial payments giant Visa.

5. J.P. Morgan will tokenize a fund and launch it on-chain

Investors are Wary of Ondo’s Price Fluctuation
Developed by the Ondo Foundation, Ondo (ONDO) is a newbie coin which was launched in January 2024. It leverages the Flux Finance protocol to offer fixed-yield loans on blockchain networks. This coin is weathering tough storms currently.

Since its launch, Ondo’s price has failed to stabilise. Since crypto holders are losing coins that are not performing up to the mark, Ondo is experiencing a cash-out flow to MoonBag. MBAG is a stable meme coin with a potential for exponential growth.