2023-12-20 02:27:27 ET
Messari’s
2024 trend report
reveals what analysts in the firm expect from the market in the coming year. Analysts trust Bitcoin (BTC), Solana (SOL), and AI cryptocurrencies will record impressive price actions.
Bitcoin’s longer-term stance
Messari analysts predicted bull dominance for Bitcoin. While multiple factors, including Federal rates, regulation, and real estate-fueled recession, could impact BTC fluctuations, the leading crypto’s long-term thesis remains straightforward.
Bitcoin will likely prove to be a digital gold. Global governments endure massive debts, and printing more money might not solve the situation. Meanwhile, investors have only 21 million BTCs to grab in the market. That brings the scarcity factor, an environment for asset growth and value increase.
Also, noteworthy developments such as the 2024 halving event mean bullishness for the coin. Also, spot Bitcoin ETF approval will prove BTC is a legitimate asset. That would magnify demand from institutional players.
Solana to remain elevated
SOL has printed significant price movements lately. Meanwhile, most Messari analysts hold Solana and expect it to maintain its bullish outlook.
The Solana blockchain can process over one million transactions every second. Further, its validator client aims to improve scalability, advance customer diversity, and decrease latency, making the platform user-friendly. Also, its
promising developments
in the non-fungible tokens (NFT) sector could keep the asset afloat.
Solana developers introduced multiple upgrades in 2023 that have significantly reduced the downtimes the blockchain suffered last year.
AI and blockchain
The crypto market has witnessed various trends over the past years, and artificial intelligence integration has dominated lately. Messari highlighted that advancement in the AI world will bolster demand for cryptocurrency solutions.
AI will potentially use a currency with a massive long-term purchasing power, and crypto fits that. Most analysts held AI coins such as Render (RNDR), OLAS, TAO, and AKT.
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Messari 2024 trend report is bullish on Bitcoin, Solana, and AI tokens
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