A well-known analyst and trader in the Turkish cryptocurrency market shared his crypto predictions for 2024. The analyst suggests that there will be significant changes in the tokens that will be in the top 20 in the crypto league. Meanwhile, Goldman Sachs expects the crypto market to explode in 2024 as traditional institutions enter.
Cryptocurrency phenomenon: Here are the top 20 of the league in 2024!
cryptokoin.comAs you follow from , the cryptocurrency market had a dull start to the new year. However, even giants such as Goldman Sachs are hopeful for 2024. The market’s focus is now on the approval of a spot Bitcoin ETF. The market’s reactions to this development are quite variable. Amid these developments, Enes Turan, an analyst and trader with a wide following in the Turkish crypto world and using the pseudonym Paradator, predicts significant changes in the crypto league in 2024.
According to Paradator’s predictions, Arbitrum (ARB) will make a significant breakthrough and rise to the 4th place. In addition, the analyst also ranks the popular meme coin Dogecoin at the top. On the other hand, a decline is expected for Litecoin and Avalanche in the cryptocurrency league. In this regard, Paradator predicts the top 20 will be as follows:
CoinMarketCap top 20: 1- BTC 2- ETH 3-USDT 4-ARB 5-BNB 6-DOGE 7-SOL 8-USDC 9-XRP 10-DOT 11- APT 12-MATIC 13-OP 14-SHIB 15- ADA 16 – TİA 17- TRX 18- MİNA 19- LDO 20- ZKsync.
Moreover, the analyst expects a continuous change between 15 and 25. He states that cryptocurrencies such as ATOM, TON, SNX, LINK, DAI in this region will push up. However, he predicts Litecoin (LTC) and Avalanche (AVAX) will fall outside the top 25. In addition, he states that tokens such as INJ, APE, RNDR, GRT will hover between 25-35 and will not be able to stay in the top 20 permanently.
Goldman Sachs: Crypto market will boom in 2024!
Goldman Sachs predicts that institutional adoption and regulation of blockchains will mature digital assets by 2024. Matthew McDermott, the bank’s head of cryptocurrency assets, says businesses experiencing the efficiency of blockchain are scaling up to maximize trading opportunities as markets await the Bitcoin exchange-traded fund (ETF). McDermott argues that the positive effects of blockchains on businesses only occur at scale. So McDermott expects banks’ new purchases to increase liquidity in markets for tokenized assets. In this regard, McDermott makes the following comment:
When you look at collateral mobility, there are still a lot of inefficiencies that are a function of decades-old systems. When you really start to see people adopting the technology, they’ll realize that not only can you see a commercial offering going forward, but you can actually see it today.
McDermott predicts that traditional assets will be tokenized before their more exotic counterparts. Less common assets will benefit most in the areas of liquidity, pricing visibility and transparency. His sentiments echo those of William Quigley, co-founder of collectibles-focused Blockchain WAX. In the cryptocurrency world, Quigley expects the tokenization industry to carve out a niche in 2024 before maturing in 2030.
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