As BTC creates new all-time highs, new price predictions from experts are emerging, with Standard Chartered’s prediction of $120k by the end of 2024 looking more and more likely. A new altcoin, Cutoshi, is gaining momentum in the market.
Bitcoin Predicted To Reach $120k This Year – Is $1 Million Next?
Bull runs always bring bullish and sometimes wild predictions, with famous analyst Michael Van der Poppe predicting a future $1M Bitcoin price, if central banks keep printing Fiat.
But looking towards the short term, many analysts, including Geoff Kendrick’s Standard Chartered who made the prediction in 2023, believe that BTC will hit $120k by the end of the year.
More recently, CoinLupin, a market analyst at CryptoQuant, used the established market value realized value (MVRV) indicator to assess Bitcoin’s present value and also predicted BTC at $120k by the end of the year.
While miners recently took profit as BTC rose above $90k, and dovish comments from the Fed’s Jerome Powell temporarily pushed BTC below $90k, Bitcoin soon rebounded due to optimism surrounding the upcoming US administration, and the continued inflows into the BTC spot ETFs.
This week, the Spot Bitcoin ETFs hit a record $1.7B in weekly inflows, suggesting that the bullish predictions are grounded in reality.
Solana Eyes Record-Breaking Run With ETF Approvals On The Horizon
For those present in the previous bull run, Solana is creating deja vu as it relentlessly climbs ever closer to its all-time high of $259. Given that the price fell as low as $11 last year after the FTX scandal, Solana has made crypto millionaires all over again in 2024.
Solana is up by 49% on the two weekly charts, currently trading hands at $242.
Given that Solana has seen many new developments since the last bull run, a new all-time high seems extremely likely, especially since Solana Spot ETFs are expected for 2025. The approval of these ETFs looks all the more likely given the pro-crypto GOP election win.
Another factor behind Solana’s huge growth this year has been the success of memecoins. This is thanks to the ease of launching them, helped by the Pump.fun memecoin deployer, and also due to the increased liquidity and ease of trading facilitated by price aggregators and Solana DEX Jupiter.
The Rise Of The Lucky Cat Is Set To Bring DeFi To The Masses
While Bitcoin and Solana are a good solid basis for a crypto portfolio, their meteoric gains are now likely to be exceeded by altcoins with a lower market capitalization. While many investors are chasing the latest hyped memecoin, such as PNUT or GRASS, many more are launched every day that fail to gain wider investor support or attention.
One crypto is popping up on traders’ radars after it went viral on X early last week, CUTO. Cutoshi a meme coin project with the addition of DeFi utility.
The team behind Cutoshi aims to bring DeFi to the masses by wrapping up their cross-chain DEX in an ecosystem represented by the Chinese Lucky Cat. While some of the crypto population are keen to participate in DeFi, for many it remains a daunting and confusing world.
Cutoshi plans to change this with an appealing pixel art ecosystem, an easy-to-use DEX, no more headache-inducing bridging between chains, and an informative learning academy.
The presale has already raised over $870K in less than a month, and not long until CUTO exceeds $1M in presale funding.
Cutoshi could represent a huge opportunity for those looking to add a higher level of risk and reward ratio to their portfolio.
For more information on the Cutoshi (CUTO) Presale:
https://cutoshi.com/
Join and become a community member:
https://twitter.com/CutoshiToken
https://t.me/cutoshi
