A prominent Bitcoin analyst and trader made waves this week with an optimistic Bitcoin price forecast, calling for $100,000 by 2024. He also issued bullish predictions for Ethereum and the up-and-coming DeFi token Retik Finance (RETIK). In a tweet on February 3rd, the trader told his 96K+ followers that he believes Bitcoin is on track to reach $100,000 at some point next year. “I’m confident about Bitcoin reaching $100,000 in 2024,” he wrote.
This analyst and renowned trader cited Bitcoin’s consistent price action and the upcoming block reward halving in April 2024 as key drivers that could propel Bitcoin to the major psychological barrier. With mining rewards cut in half, supply growth will slow dramatically even as demand continues increasing.”Past halvings have kickstarter massive bull runs,” he noted. “With major institutions now onboard and Bitcoin more mainstream than ever, the 2024 halving could be the catalyst for a ride to $100k.”
Ethereum Price Target Revised Up to $4,000
In the same tweet thread, the influential analyst also issued an updated Ethereum price prediction of $4,000 in 2024. He previously called for $3,500-$4,000 in a January 31st tweet.
The trader sees three key catalysts aligning for Ethereum this year:
- The Dencun upgrade in March, will boost speed and lower transaction fees
- Growing hype around a spot Ethereum ETF approval
- Rotation of capital from Bitcoin into altcoins like Ethereum after the halving
“With these tailwinds, revisiting Ethereum’s all-time high of $4,891 seems very achievable to me, potentially even by early 2025,” he said.The Dencun upgrades represent a crucial scaling milestone for Ethereum as it transitions to proof-of-stake. And SEC approval of a spot Ethereum investment product could drive significant institutional demand.
Retik Finance Positioned to Capitalize on Growing DeFi Adoption
Beyond Bitcoin and Ethereum, the trader who is also a top Bitcoin analyst also called attention to Retik Finance (RETIK), a young project building a suite of DeFi products including crypto debit cards, a multi-chain wallet, and P2P lending.”DeFi made huge strides in 2023, but I think 2024 is when we see explosive growth in adoption,” he said. “And Retik Finance has an opportunity to establish itself as a leading brand in the space if it can deliver on its ambitious roadmap.”
The trader who is also a top Bitcoin analyst highlighted Retik Finance’s key accomplishments thus far as indicators of its potential:
- Successful $22M+ presale, avoiding dependence on VC funding
- Listings on CoinMarketCap and CoinGecko
- Certik security audit passed with high scores
And he sees an even greater upside ahead with the rollout of Retik’s core products. “The crypto debit card and P2P lending products are game-changers if executed properly,” he said. “Combined with aggressive marketing campaigns, Retik Finance could achieve a multi-billion dollar valuation within the next 2 years.”
Conclusion
The prominent analyst, who is also a top Bitcoin analyst, made several exciting cryptocurrency predictions this week. He called for Bitcoin to reach $100k for the first time in 2024 on the back of the next halving. He also revised his Ethereum forecast up to $4,000 due to upcoming upgrades and potential spot ETF approval. He highlighted rising star Retik Finance as a high-growth DeFi protocol to watch in the coming years. With crypto adoption still in the very early stages, the future looks bright for Bitcoin, Ethereum, and innovative altcoins like Retik that are pushing the ecosystem forward.
Click Here To Take Part In Retik Finance Presale
Visit the links below for more information about Retik Finance (RETIK):
Website: https://retik.com
Whitepaper: https://retik.com/retik-whitepaper.pdf
Linktree: https://linktr.ee/retikfinance
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