It seems all the rage now with all the influencers giving their crypto predictions and what tokens are going to be hot or not in 2024. Therefore, I thought I would join in the fun and make a few predictions guesses as to what the crypto prices would be by the end of 2024 and then I can review this at the end of the year and see how far off or close I was.
My method is not scientific but I try to guess based on the upcoming Bitcoin Halving. There is for sure more at play than this, but I thought it would be a good basis for trying to make a guess.
Bitcoin
The first guess would be for Bitcoin. Bitcoin has broken to just under $42k as I write this laying at $41892 on Binance. To help me with my guess, I will check the halving chart from Glassnode which shows the Bitcoin price 1 year after the halving.
However, I want to know the price performance around 8 months after the last halving, so I checked approximately here on 31 December which maybe is nearly 8 months.
The % price performance for each Epoch are and how that would effect the current price:
Epoch 2 - 756% - $316 704
Epoch 3 - 159% - $66 608
Epoch 4 - 474% - $198 568
Hopefully my numbers are right here, and this looks pretty bullish for Bitcoin next year!
Does this help me? If Bitcoin follows the trend from one of the previous epochs, then it could reach one of those prices. As the epoch 2 was quite some time ago, perhaps it makes sense to focus more on the last 2 epochs. This would mean a price between $66 608 and $198 568.
Therefore, my prediction guess would be in between these 2 numbers and I go with $131960 for the price 31 Dec 2024!
Hive
With Hive, it is a little more difficult as there isn't so much history as with Bitcoin. We can see with the chart that Hive started pumping around 10 months after the last halving. It is also important to remember the Hive hard fork was on March 20th 2020, so it was a fairly new chain back then too.
Therefore, I took the change in price from say Litecoin that should be similar to Hive and generally track the crypto market as a whole. In the last halving, 8 months after the price was up 185%.
If I apply that to Hive that is currently trading at $0,3621, we could see a price by the year end of $1,03! Therefore, I am predicting guessing that Hive would be $1,03 by the end of the year.
This might not be the best way to make some NGU price guesses, but let's see how it might actually land in 12 months time. Of course, the values are not guaranteed to go up because of the halving and maybe they might not go up at all this time. Therefore this guessing method is not really scientific and just for fun!
Bitcoin $131 960
Hive $1,03
Thanks for reading.
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If so many influencers are chanting 100k, I dont think so. Btc hav had diminishing return every cycle with a factor of 5. I hope it moons ofc 😆
I feel you there. I think there are some other factors that could propel the price, but yeah, fingers crossed we all get laser eyes! 😀😅
Yea I hope so 🤗
Wow, an optimist, I like it Steve.
Happy New Year
If Hive finished the next year at 0.5 I would be happy.
Thanks Ed. I think we need some good news!
I like your predictions and hope they will come true in 2024 ;)
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Thanks! It is building up to be an exciting year! 😀
I think 1.03 USD is a fair guess for HIVE by the end of the year, but I think it go higher in 2025 ... 2.00 is my guess 😍
Bitcoin - 131,960 is a fair guess!
Wow hive for 2! If that happens I hope I have a lot in my wallet!
😍
I think the Hive price has a lot of potential to go higher and it will be interesting to see what happens in the next 2 years! 😀
We're going to have fun that's for sure 😍
Good predictions, for me, hive might easily go to 1.2$ just slightly above your predictions. I think BTC might sit at $125k for me. I expected the corrections that are happening. To me, even if it closes the year at 41k it's still very good.
Thanks. Thats pretty cool then that we have some similar predictions. I think BTC has had a great year and agree, even a 41k close is very good. After so many green candles, it is right that people take some profits. I think next year is going to be pretty epic and we could see everything go up! Bring it on! 😀
I think yeah, I believe btc will double it's previous ATH, this I think I know, and like you it's going to be epic in 2024. Yes, people are taking profit, and of course finishing at 41k for the year is laudable, I mean going by last year who would have thought so.
That sounds pretty good to me! I think after the last 2 years, we deserve a good year now 😀
Let's all cross our fingers and knock on wood!
I plan on writing one of these kinds of posts on Monday I think. I agree with you, it seems like my news feed is packed full of articles saying you need to hold these three or these four tokens before the next bull cycle.
I look forward to reading it. 2024 is being hyped up pretty hard and even the mainstream talking about the halving.. i wonder if there will be a curve ball in there somewhere! 😆
I see a lot of people saying this bull is going to be nothing like we have seen before and I want to believe that, but I am being cautiously optimistic at this point.
Yes, I temper my expectations and then anything above that is a bonus. Mainstream investors are expecting a recession and maybe the Mag7 don't climb so much, so I am curious how the year will pan out! In Jan, The mini alt season should also finish, so interesting times!
Yeah, with all the forward movement and hype right now it is hard to imagine that we still have another year yet before things really start to get exciting (according to the experts anyway).
Wow that is a huge prediction, but I cannot blame you as the price of bitcoin is going higher and higher.
Yeah it seems quite high but I think its possible depending how the year plays out.
Nice guesses... I hope they will come true... :)
Thanks! It will be fun to see how my guesses end up! haha
I'd take a dollar Hive. And I'd definitely take 132k BTC! Hive is much harder to predict, given that so much of our price fate seems to be controlled by a single Korean exchange. But time will tell, eh?
Me too! It will be interesting to see how it actually plays out! Hopefully Hive can give us a nice pump and get us all excited!
One that lasts long enough that we can all power-down a little to take advantage of it, really testing the HBD stabilizer as we all try to secure those gains by moving them into HBD. haha. The resulting chaos could be interesting to watch.
That would be nice and it will be interesting to see it move the market!
the all time of hive is 1 usd right? shouldnt it be more higher in the next bull run? i agree with the others, i do hope in the next bull run, hive will reach 2 usd.
It was over $3 before, so maybe it can reach that again?
I'm sure all crypto users were happy to see your predictions, man. I hope the prices stay at the level you predicted. I want to see Hive at $1 in 2024!
Thanks, yeah that would make for a very good year! I especially would be happy to see Hive pumping!
$1.03 Hive guess at the year end is a fair one and that was my thought too. But for Bitcoin, $131.960 looks ridiculously high. I was think it should be around $80 to $90.
Yeah $130k seems quite high and I am wonder if this would come true! It is quite optimistic!
Im not a trader at all but just looking at the chart how it has slow down the % it grows after every halving this would probably be the smallest one of all going towards $135k ish, but I have thought thats its all about how high it goes from its ATL during bear market, people tend to see it the other way, how high from its previous ATH probably why most ppl buy during bull markets, all I want is Hive ATH dont care much about BTC 🤑
The last epoch was higher than the previous one, but yeah, the effect probably is much less in this cycle. I am also very interested to see how Hive will do! Maybe things will start to heat up for us nicely in 2024!
For Hive, I think anything above $1 USD is a good prediction. The next two years could be a crazy ride for the crypto space :)
Yeah I think we could have a very good time the next 2 years! Lets goooo!
The guessing might be so or close to the same. I even wish it to be more than that.
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Yes, that would be nice!
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This looks like an exciting development!
I think it will be really great! It needs to be easy to use.
I'd love to see HIVE above $1 - but it hasnt been following BTC of late compared to other years, so I'm worried about whether it will get there or not. But while its low its still a great time to accumulate so I'm happy with that. Although a pump in price would be pretty great.
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Yes, a few of the older tokens are not in davor at the moment still. Hopefully we will get a nice pump soon though!
I agree with your prediction about hive. It might land near it by the end of the year.
For bitcoin I can't make any guesses as it is really unpredictable. Lol
Yeah, it is a hard one to predict and it will do its own thing.
In case of Bitcoin I think in the price prediction is a little bit high although it's not impossible either.
In case of Hive I think 1.03 is very little. One or 2 pump is enough to smash the target if the market remain bullish.
It's crypto and anything can happen anytime. Who knows it something more better happens 🤗.
Yeah, the bitcoin price is probably the hardest to predict. I think you are right about Hive, it doesn't take much to move the price and it could easily exceed this target I'd some hype comes out way.
I am trying to imagine how happy I am if your guesses are right, lol
One thing I just know is that the crypto market will be bullish in the coming year
Yeah, I hope we have a great bull year and 2025 too! It's what we've been waiting for!
Ahh, that was a good price for hive if ever that happens 😁
Yes it would be very nice! 💪😁
You know what, I think you could be right about Bitcoin. I was guessing around the 150 mark, but I think your prediction is closer to what it'll be.
With Hive, I'd love to see it hit 1.50 in 2024, but I think 1.03 is still good. Who knows what'll happen in the coming months/ years, but I've been doing what I can to be prepared for it.
I think the ATH needs to be broken as the first thing and then it's open to what could happen with Bitcoin.
I would love to see Hive back above $1 again and I think it could get there if we are lucky.
Your prediction about Bitcoin really shocked me, means it'll be a bull run by the end of next year 😀 hope so hive will reach 1$ too
Expectations are high I think which might not be a good sign 😅.
Hahaha maybe, especially expectations regarding Bitcoin are so high, but if Bitcoin will go high than all other coins will be high too
Yes, it could be a good thing for us all!
Yes indeed 😀
I like your prediction, eventhough we love to see $HIVE to the moon, but having fellow hivians buzzing Hive will be $4-$6 make my brain numb.
My prediction HIVE will be around $0,6-0,8.
That seems a balanced guess. It will be interesting to see where we do end up!
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I don't know what to say, I'm rather bad at these crypto calculations, but the last ATH was, for BTC, I think somewhere in the region of 66K and the next ATH would then be what you're predicting around 130K, so about 2x the previous ATH.
HIVE could also go to 2x the last ATH, so somewhere around $4. Why only $1?
Once it starts growing then more or less everything grows.
btw: I'm not predicting nor guessing, just discussing :)
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I think it is for sure possible for Hive to do double its last ATH, it is just based on timing, Hive might take longer than 8 months after the halving to peak..
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