“Bitcoin’s Next Move Could Be $100,000, But This Is Still Altcoin Season”: Analysts Predict Ethereum and BlockDAG Network Takeover

Analysts
are
offering
a
variety
of
predictions
for
Bitcoin’s
future
price
movements,
reflecting
a
range
of
optimism
influenced
by
upcoming
events
and
historical
trends.
However,
the
broader
cryptocurrency
market
indicates
a
burgeoning
altcoin
season,
where
altcoins,
particularly
those
involved
in
AI
and
decentralized
finance
(DeFi)
like BlockDAG
Network and
Ethereum,
might
outshine
Bitcoin
in
the
short
and
longer
term.

The
Bitcoin
Trend
to
$100,000 

One
of
the
most
influential
factors
in
Bitcoin
price
predictions
is
the
recent
Bitcoin
halving
event,
occurred
in
April
2024.
This
event,
which
occurs
roughly
every
four
years,
cuts
the
reward
for
mining
Bitcoin
in
half,
effectively
reducing
the
supply
of
new
Bitcoin
entering
the
market.
Historically,
Bitcoin
halvings
have
been
followed
by
significant
price
increases.
For
example,
post-halving
price
surges
have
been
observed
in
past
cycles,
leading
some
analysts
to
forecast
that
Bitcoin
could
reach
new
all-time
highs
of
$100,000
now
two
months
after
the
2024
event.

Dan
Tapiero,
a
prominent
crypto
analyst,
predicts
that
Bitcoin
could
hit
$100,000
by
late
2024
or
early
2025.
Tapiero
cites
the
halving
event
and
the
increasing
adoption
of
blockchain
technologies
by
both
countries
and
companies
as
key
factors
driving
this
potential
rise.
Similarly,
Geoff
Kendrick
from
Standard
Chartered
Bank
also
believes
Bitcoin
could
test
the
$100,000
mark
next
year,
driven
by
banking
sector
turmoil,
the
halving
event,
and
the
end
of
the
Federal
Reserve’s
rate
hikes.

Beyond
these
optimistic
forecasts,
other
analysts
provide
a
more
nuanced
view.
For
instance,
projections
for
Bitcoin’s
2024
price
range
from
a
low
of
around
$27,341
to
a
high
of
$118,102,
reflecting
the
cryptocurrency’s
inherent
volatility.
This
wide
range
highlights
the
unpredictable
nature
of
Bitcoin’s
market
behavior,
influenced
by
various
macroeconomic
factors,
regulatory
changes,
and
shifts
in
investor
sentiment.

Looking
further
ahead,
some
predictions
are
even
more
bullish.
By
2030,
Bitcoin’s
price
is
anticipated
to
reach
between
$149,316
and
$265,318,
suggesting
a
potential
increase
of
over
850%
from
its
current
levels.
These
long-term
projections
are
often
based
on
the
assumption
that
institutional
interest
and
mainstream
adoption
will
continue
to
grow
like
it
has
done
since
2009,
providing
an
even
stronger
foundation
for
Bitcoin’s
value
appreciation.

Altcoins:
Ethereum
and
BlockDAG
Network
Lead 

Analysts
point
out
that
while
Bitcoin
may
reach
new
highs,
it
lacks
the
explosive
potential
of
many
altcoins
in
the
current
market
environment.
The
altcoin
market
shows
substantial
upside
potential,
driven
by
innovations
in
AI
and
blockchain
technology.
For
instance,
AI-focused
cryptos
like
Bittensor,
Fetch.ai,
and
Openfabric
AI
are
gaining
traction
due
to
their
novel
applications
in
decentralized
machine
learning
and
AI-driven
tasks.

Moreover,
Ethereum
continues
to
be
a
critical
player,
with
expectations
of
significant
growth
due
to
its
extensive
use
in
DeFi
and
other
blockchain
applications.
Analysts
suggest
that
Ethereum,
along
with BlockDAG
Network,
which
offer
scalable
and
efficient
blockchain
solutions,
could
lead
the
next
phase
of
blockchain
adoption.

Ethereum
is
poised
to
lead
the
altcoin
season
in
2024,
according
to
several
analysts
and
market
experts.
This
potential
leadership
is
attributed
to
various
factors,
including
technological
upgrades,
regulatory
developments,
and
the
overall
momentum
in
the
cryptocurrency
market.

One
of
the
critical
drivers
for
Ethereum’s
potential
leadership
is
the
upgrades
to
its
network.
The
most
notable
of
these
is
the
EIP-4844
(proto-danksharding)
upgrade,
which
took
place
in
March
2024
and
aimed
to
significantly
reduce
transaction
fees
and
enhance
scalability.
This
improvement
is
benefiting
Ethereum’s
layer
2
(L2)
networks
like
Polygon,
Arbitrum,
and
Optimism,
making
Ethereum
more
efficient
and
attractive
for
users
and
developers.

The
approval
of
Ethereum
exchange-traded
funds
(ETFs)
is
another
catalyst
for
Ethereum’s
rise.
ETFs
make
it
easier
for
institutional
investors
to
invest
in
Ethereum
without
dealing
with
the
complexities
of
direct
cryptocurrency
transactions.
The
recent
approval
of
Ethereum
ETFs
in
Hong
Kong
has
already
generated
optimism
in
the
market.
There
is
also
speculation
about
potential
ETF
approvals
in
the
United
States,
which
could
further
drive
institutional
adoption.

Market
Dynamics
and
Historical
Patterns

Historically,
altcoin
seasons
follow
significant
events
in
the
cryptocurrency
market,
such
as
Bitcoin
halvings.
Analysts
like
Michaël
van
de
Poppe
and
Josh
Olszewicz
highlight
that
Bitcoin’s
recent
performance
often
precedes
a
shift
in
investment
towards
altcoins.
They
suggest
that
Ethereum’s
underperformance
relative
to
Bitcoin
recently
indicates
a
potential
for
a
significant
catch-up,
especially
as
technological
and
regulatory
developments
come
to
fruition.

Crypto
analyst
Ash
Crypto
has
pointed
out
that
Ethereum’s
current
price
action
resembles
the
bullish
breakout
observed
in
2020.
If
Ethereum
follows
a
similar
trajectory,
it
could
reach
new
all-time
highs
overcoming
the
$4,000
mark
and
can
catalyze
a
broader
altcoin
rally,
potentially
leading
to
a
substantial
increase
in
altcoin
valuations.

At
the
same
time, BlockDAG
Network represents
a
significant
advancement
in
blockchain
technology,
aiming
to
address
some
of
the
inherent
limitations
of
traditional
blockchain
systems.
Utilizing
a
Directed
Acyclic
Graph
(DAG)
structure,
BlockDAG
combines
enhanced
transaction
speeds
and
security
with
high
decentralization,
creating
a
robust
framework
for
the
future
of
decentralized
finance
(DeFi)
and
crypto
mining.

BlockDAG
has
garnered
significant
attention
and
investment
since
its
inception.
It
has
raised
substantial
funds
through
its
presale,
highlighting
strong
investor
confidence.
For
instance,
the
project
has
already
raised
over
$50
million
and
is
seeing
daily
inflows
of
$500,000
that
has
left
analysts
claiming
it
could
lead
the
altcoin
market
together
with
Ethereum. 

As
market
dynamics
evolve,
it
is
essential
to
recognize
the
distinct
opportunities
presented
by
different
projects
within
the
cryptocurrency
landscape.
Bitcoin’s
potential
rise
to
$100,000
reflects
its
status
as
a
digital
store
of
value,
while
the
altcoin
market,
especially
with
projects
like
Ethereum
and
BlockDAG
Network,
promises
higher
returns
driven
by
technological
advancements
and
new
use
cases.
This
diversification
highlights
the
importance
of
a
strategic
approach
to
cryptocurrency
investment,
balancing
between
established
assets
like
Bitcoin
and
emerging
technologies
within
the
altcoin
space.

Read
About BlockDAG
Presale:

Website: https://blockdag.network

Presale: https://purchase.blockdag.network

Telegram:https://t.me/blockDAGnetworkOfficial

Discord: https://discord.gg/Q7BxghMVyu

Disclaimer: The
information
provided
in
this
press
release
is
not
a
solicitation
for
investment,
nor
is
it
intended
as
investment
advice,
financial
advice,
or
trading
advice.
It
is
strongly
recommended
you
practice
due
diligence,
including
consultation
with
a
professional
financial
advisor,
before
investing
in
or
trading
cryptocurrency
and
securities.