Crypto NewsBitcoinPopular Analyst Reveals Bitcoin (BTC), Ethereum (ETH) and Solana (SOL) Predictions for...

Popular Analyst Reveals Bitcoin (BTC), Ethereum (ETH) and Solana (SOL) Predictions for 2024

Cryptocurrency analyst Smiley talked about 2024 price predictions for BTC, ETH and SOL in his statement.

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Famous cryptocurrency analyst Smiley announced his predictions for the crypto market in 2024 in a recent article. Here's a breakdown of his predictions.

Price of Major Cryptocurrencies

  • Bitcoin (BTC): Smiley predicts that BTC will trade between $100,000 and $120,000 in 2024.
  • Ethereum (ETH): The analyst expects ETH to reach a value between $7,000 and $8,000.
  • Solana (SOL): It is predicted that SOL will confirm itself as the third largest cryptocurrency and will experience a significant migration of on-chain activity.

Market Trends

  • Ethereum: Smiley predicts that Ethereum will move away from on-chain activities and be accepted by institutions as a store of value (SoV) additional yield. He also expects an Ethereum ETF to be approved, but thinks it will wait until the deadline.
  • Solana: Despite its growth, Smiley doesn't foresee an ETF for Solana.
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Performance Estimates

  • ETH vs BTC: Smiley predicts that ETH will outperform BTC.
  • SOL vs ETH: The analyst expects SOL to outperform ETH.

Smiley suggests that sidelined capital and bears may have a chance to buy Bitcoin at $35,000 to $40,000, but only if the black swan event occurs.

He also claims that the bull rally will last until 2025 and Bitcoin will never trade below $30,000 again.

*This is not investment advice.



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