Crypto Price Predictions (For 2024)

Cryptocurrency prices are on the way back up. After spending last year recovering from a tumultuous market, crypto is back to looking optimistic. And it’s not only that crypto prices have recovered to previous all-time highs; the U.S Securities and Exchange Commission (SEC) has done a lot to legitimize digital assets. 

Will we see asset prices break into new territory? To answer this, here is a roundup of price predictions from industry players and crypto experts collected from around the internet. 

1. Price Predictions on X

X (formerly Twitter) is the go-to place for many crypto users for news, predictions, and community engagement. So, what better place to start than there? Here are the top crypto price predictions from X. 

TechDev:

TechDev is one of the most-followed crypto analyst accounts on the social media platform. In a recent post, the analyst highlighted Bitcoin’s current market structure mirrors the pre-parabolic rally of 2017 that led to a 1,200% gain. 

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TechDev indicates that in 2024, Bitcoin’s price will consolidate in a pattern similar to the one before the massive run-up of 2017. He suggests that if this is the case, BTC could experience significant gains, potentially reaching new highs before the end of 2024. 

Thus, he sees this as a critical period for potential growth​. At the time of his analysis, Bitcoin was trading at $67,060. 

Bluntz:

Bluntz is another big account on crypto Twitter. In his analysis, Ethereum (ETH) is poised to vastly outperform Bitcoin (BTC) in the coming weeks. 

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He observes that the ETH/BTC pair is on “the verge of printing a rare bullish divergence” on its two-week chart. What he means by this is that the value of Ethereum is likely to rise at a higher rate than that of Bitcoin. 

Bluntz predicts ETH’s value will rise to a level where 1 ETH will be worth 0.1  BTC. Currently,  1 ETH is worth 0.057 BTC. So, if Bluntz’s predictions hold true, there will be a nearly 95% increase from the current levels. 

Additionally, Bluntz is optimistic (bullish) on the memecoin Pepe (PEPE), suggesting it will continue to rise and become a standout in its category as Ethereum’s momentum grows​. 

Cryptorphic

Another user, Cryptorphic, predicts that Bitcoin’s price could surge to $156,000 by May 2025. He bases his forecast on historical data that shows significant price increases following previous Bitcoin halving events.

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Bitcoin halving is an event that reduces Bitcoin’s block reward by half. It occurs roughly every four years. After each halving, Bitcoin’s price has historically risen substantially within a year, with increases of 8,300% (2012), 288% (2016), and 540% (2020). So according to them, the latest halving in April 2024 suggests a potential price breakout to $156,000 in the coming year. ​

Other notable predictions from X include this tweet by the user Plan B, which predicts that Bitcoin’s price will increase significantly following the halving. They predict that BTC will reach $100,000 by the end of 2024 and $300,000 a year later. They also assert that buying Bitcoin 6 months before the halving and selling 18 months after will outperform a buy-and-hold strategy. 

Rekt Capital

Rekt Capital is a crypto trader and analyst who regularly shares forecasts with his ~500k followers on X. While sharing a chart analyzing a Bitcoin (BTC) pullback in June, the account forecasts that BTC’s price will hit 71k by September 2024. 

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The same chart had predicted a price above $60k for much of July and August. However, a meltdown in Japan’s stock market caused by a worldwide selloff of financial instruments, including digital assets, caused crypto prices to drop. As such, BTC spent the first half of August 2024 at sub 60k. 

Willy Woo

Willy Woo, a Bitcoin analyst with a massive X following of over 1 million, believes BTCs will just keep gaining (in the long term). According to him, Bitcoin’s run will end when everyone is invested. Only 4.7% had invested as of the publishing of this article. So, he encourages investors to buy every gain as that is “exactly what VCs do for emerging tech.” 

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Plan B

Another Twitter Bitcoin analyst, Plan B, discusses two price prediction models: Power Law and Stock-to-Flow (S2F). Power Law suggests that Bitcoin’s price growth will experience diminishing returns as the asset matures, forecasting a potential peak around $210,000 and a bottom below $70,000.

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Conversely, the S2F model predicts exponential returns, expecting a price exceeding $500,000 at its peak, and a bottom above $100,000. The author, however, prefers to avoid debating which model is better, suggesting that only time will reveal which one accurately predicts Bitcoin’s price movement. He also doesn’t specify when this is expected to happen.

This is your reminder to take caution with whatever you read online and to do your homework. Always.

Sentiment (Market Intelligence Platform)

According to the crypto intelligence platform, Sentiment, BTC should reach $70k  again before the year’s end according to social platform data. The platform also suggests that the absence of FOMO could be a positive sign by allowing BTC and other cryptocurrencies to surpass previous highs without the excessive crowd euphoria typical of prior market peaks.

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2. Finder Cryptocurrency Poll Predictions

Finder is a global financial technology firm that uses data to help people make better financial decisions. It analyzes crypto price predictions from experts every quarter. In a recent survey, the firm polled 31 crypto experts and analysts to gather price predictions on Bitcoin (BTC), ether (ETH), Solana (SOL), and Binance Coin (BNB). 

Bitcoin (BTC)

On average, Finder panelists predict BTC will be worth $109,141 before the end of the year. The most optimistic (bullish) estimates reached as high as $268,000. However, some panelists are pessimistic (bearish) and predict that BTC will drop to as low as $20000. 

Finder arrived at $109,141 by averaging all the predictions of the experts interviewed for the survey. 

Ethereum (ETH) 

Finder’s report predicts ETH will climb to $5,710 by the end of 2024 and reach $7,996 by 2025. The long-term forecast is even more optimistic, with an average prediction of $29,380 by 2030. 

Some panelists warn that Ethereum could be a bubble, i.e., an asset whose value is vastly overestimated. This implies that at some point the bubble will burst, causing ETH’s value to fall. 

Binance Coin (BNB)

The panel anticipates BNB will reach $274 by the end of 2024, with a more bullish long-term outlook reaching $781 by 2025 and $1,814 by 2030. 

However, there’s concern that the SEC might regulate BNB as an unregistered security due to its link to the crypto exchange, Binance. The panelists did, in fact, conclude that BNB’s value appears linked to the success of the Binance exchange. 

This suggests the asset will continue to rise if Binance remains a major player in the industry. However, it will be affected if the exchange runs into any major trouble. Currently, Binance is the largest crypto exchange in the world. 

Solana (SOL)

The panel expects SOL to reach an average price of $284 by the end of 2024. It further predicts that this price will rise to $407 by 2025 and $848 by 2030. 

This optimistic sentiment is driven by Solana’s strong fundamentals. The asset currently enjoys a growing ecosystem and increased developer activity, which according to 60% of the panelists, makes it a good time to buy SOL. 

However, some panelists acknowledged challenges that could hinder Solana’s price growth. These include the need for regulatory approval for wider adoption and competition from other blockchain networks. 

3. Price Predictions by Industry Experts

Jack Mallers, CEO of Strike

Strike is a money app built for simple, fast, and secure Bitcoin purchases and global remittances. In a recent podcast with Anthony Pompliano, Strike CEO Jack Mallers predicted a dramatic rise in Bitcoin’s value. He sees the world’s most valuable cryptocurrency potentially reaching $1 million within the current market cycle. 

This forecast is based on Bitcoin’s adoption trajectory, macroeconomic trends, and its increasing role as a hedge against inflation and economic instability. He also believes that institutional interest and the ongoing development of Bitcoin infrastructure will further propel its value​. 

Raoul Pal, Co-founder and CEO of Real Vision Group

Raoul Pal is a legendary trader in crypto. He is also the CEO of Real Vision Group and co-founder of Exponential Age Asset Management, among other roles. 

According to Raoul, ETH prices could skyrocket, especially with the approval of Ethereum ETFs. He notes that the regulatory green light for ETFs would drive institutional investments. Here, demand for ETH will outpace supply significantly, leading to exponential price growth.

The Real Vision Group CEO anticipates that Ethereum’s scalability solutions and its pivotal role in DeFi will also be key drivers of its value.

Michael Sayler, Co-Founder of Microstrategy

Microstrategy is a mobile software, business intelligence, and cloud-based company that provides enterprise analytics to help businesses make informed decisions. In recent years, the company has made substantial investments in Bitcoin as part of its corporate strategy. 

Microstrategy Co-founder, Michael Sayler, is a well-known Bitcoin supporter. Speaking to Beagle, he made the point that Ethereum’s ETF approval will have a positive impact on Bitcoin. Sayler believes that while Ethereum will benefit directly, the increased legitimacy and interest in cryptocurrency ETFs as a whole stands to elevate Bitcoin. 

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There is also increasing broader acceptance and understanding of digital assets among institutional investors. This will push its price higher alongside Ethereum​.  

Bernstein, Brokerage Firm

Bernstein is a well-known brokerage firm in the investment space. In an article on CoinDesk, two analysts from the firm, Gautam Chhugani and Mahika Sapra, forecasted that the combined Bitcoin (BTC) and Ether (ETH) ETF markets could grow to $450 billion within the next two years. They also project a Bitcoin cycle high of $150,000 by 2025 and a year-end price target of $90,000 for 2024. 

What Next?

Crypto assets continue captivating investors searching for the next big opportunity. As shown in the above analysis, the outlook for major cryptocurrencies like Bitcoin, Ethereum, and others is positive, with many expecting price jumps in the coming months.

However, it’s crucial to understand that these predictions are merely educated guesses using the information available today. The crypto market is unpredictable and can turn on a dime with news around regulation, adoption, security issues, and other fundamental drivers. This makes it important to perform due diligence and conduct your own research before investing in cryptocurrencies.