2024 Crypto Market Prediction: 40.3% Bullish, 30.75% Bearish 2024 is expected to be a crucial year for crypto as traders anxiously speculate on the potential impact of the BTC halving event. While predictions circulate on social media platforms, only time will tell what 2024 will bring to the crypto market.
To gauge the expectations surrounding the crypto market in 2024, Real Research conducted a survey, delving into investor awareness, price predictions, and overall sentiment.
Here are the key findings of the survey report:
- A majority of 40.83% predicted Bitcoin’s price to climb between $40K and $80K in 2024.
- Popular picks for altcoin investments in 2024 include ETH, XRP, BNB, and DOGE.
- 40.3% of participants predicted a bullish crypto market in 2024.
Bitcoin Price Prediction in 2024
When it comes to price predictions, opinions were diverse. While 18.9% were cautious, predicting Bitcoin could stay below $30K, others were highly optimistic, with 2.78% anticipating a surge beyond $1 million. A majority of 40.83% predict a climb between $40K and $80K, 18.72% forecast a range between $30K and $40K, and 15.07% expect a value ranging from $80K to $120K.
Similarly, price prediction for ETH (Ethereum), the altcoin leader, also generated varied forecasts, with 38.85% expecting a price range between $3K and $5K, while 19.28% remain wary, projecting a dip below $1,900.
Altcoin Investment Preferences in 2024
The wider altcoin landscape also saw diverse picks, with ETH, XRP, BNB, and DOGE emerging as popular crypto choices for 2024 investment. Others chose to invest with DOT, TRON, SHIB, SOL, and MATIC in the crypto market in 2024.
BTC Halving: A Bullish Beacon for the Crypto Market in 2024?
The specter of the upcoming Bitcoin halving, scheduled for 2024, loomed large over the survey, with a significant 77.6% of respondents aware of this event.
The survey delved deeper into the potential impact of the BTC halving, with 63.93% strongly believing it could trigger a market surge. However, not everyone shares this conviction, with 27.87% expressing cautious doubt and 2.05% outright rejecting the notion.
Read Also: NFT Market Crash Survey Unveils 29.79% Are Less Inclined To Invest in NFTs
The Verdict: Will the Crypto Market in 2024 Be Bullish or Bearish?
The overall sentiment towards the crypto market in 2024 paints a picture of cautious optimism. While 40.3% predict a bullish year, 30.75% anticipate a bearish downturn. Interestingly, 28.95% believe the market will remain relatively stable.
Methodology | |
| Survey Title | Survey: Will Crypto Market Be Bullish or Bearish in 2024? |
| Duration | December 1, 2023 – December 8, 2023 |
| Number of Participants | 6,000 |
| Demographics | Males and females, aged 21 to 99 |
| Participating Countries | Afghanistan, Algeria, Angola, Argentina, Armenia, Australia, Azerbaijan, Bahrain, Bangladesh, Belarus, Benin, Bolivia,… Brazil, Brunei, Bulgaria, Burkina Faso, Cambodia, Cameroon, Canada, Chile, China, China (Hong Kong) China (Macao), China (Taiwan), Colombia, Costa Rica, Croatia, Czech Republic, Ecuador, Egypt, El Salvador, Ethiopia, Finland, France, Gambia, Georgia, Germany, Ghana, Greece, Greanada, Guatemala, Honduras, Hungary, India, Indonesia, Iraq, Ireland, Israel, Italy, Ivory Coast, Japan, Jordan, Kenya, Kuwait, Kyrgyzstan, Latvia, Lebanon, Libya, Lithuania, Malaysia, Maldives, Maluritania, Mexico, Moldova, Mongolia, Morocco, Mozambique, Myanmar [Burma], Namibia, Nepal, Nicaragua, Nigeria, Oman, Pakistan, Palestine, Panama, Peru, Philippines, Poland, Portugal, Qatar, Romania, Russia, Saudi Arabia, Serbia, Sierra Leone, Singapore, Slovakia, South Africa, South Korea, Spain, Sri Lanka, Tanzania, Thailand, Togo, Tunisia, Turkey, Turkmenistan, Uganda, Ukraine, United Arab Emirates, United Kingdom, United States, Uruguay, Uzbekistan, Venezuela, Vietnam, Yemen, Zimbabwe. |
RR Author
Real Research News is the media platform that presents insights and studies of wide-range of topics. It focuses on insights gathered from its survey app.
