Galaxy Digital Analysts Announced 2024 Expectations for Bitcoin and Ethereum! “It Will Be the Year of Competition!”

BitcoinWhile the selling pressure that started after spot ETF approvals continues in BTC It dropped to $38,000 within the week.

At this point some analysts consider Grayscale While I think it’s caused by CryptoQuant CEO Ki Young Ju Some analysts think that it is OTC rather than GBTC.

In this respect Galaxy Digital, led by Mike Novogratz Analysts announced their Bitcoin and cryptocurrency expectations for 2024 in their “Watch This Space” report.

Stating that they expect a significant increase in activity in the crypto and artificial intelligence sectors, analysts said that they expect ETFs to attract significant inflows.

“There will be significant inflows into Bitcoin ETFs.

“These ETFs will also change how Bitcoin markets operate in the US.”

Approaching Bitcoin Analysts who also evaluated the halving event said that they expected the halving to cause difficulties for miners and potential consolidation after the halving.

Finally, analysts stated that the FED and other central banks will adopt the monetary easing policy and stated that this policy will be positive for Bitcoin.

Analysts Ethereum He also reviewed it and stated that 2024 will be an important year for ETH.

At this point, Galaxy analysts, who expect Ethereum to further support Layer 2 platforms with the updates planned this year, expect Ethereum to increase throughout the year. Solana (LEFT) He predicted that it would be in competition with alternative Layer 1 altcoins such as.

“2024 will be a very important year for Ethereum.

While ETH is expected to perform well, ETH is also expected to compete with alternative blockchains such as Solana.

Additionally, Ethereum will face stiff competition from Bitcoin.

“At this point, it will be important to watch for increased competition and differentiation between Solana and other modular blockchains such as Ethereum and Celestia in 2024.”