Bitcoin hits new all-time high, Ordinals make a comeback, TAO and MATIC in top 20, Chainlink at $100? The crypto predictions for 2024.

Bitcoin hits new all-time high, Ordinals make a comeback, TAO and MATIC in top 20, Chainlink at $100? The crypto predictions for 2024.

According to a report from www.businessinsider.de, Bitcoin ETFs are now a reality and crypto influencer @rovercrc has published five predictions for 2024. This article analyzes the forecasts and examines their possible impact on the crypto market.

Bitcoin reaches new record high

The influencer's first prediction is that Bitcoin will reach a new all-time high. The price is currently at $42,665, which would represent an increase of around 60 percent to surpass the previous all-time high of $69,000. Historical data shows that such price gains could occur after the Bitcoin halving, which could happen towards the end of 2024.

Ordinals are experiencing a revival

The forecast says that ordinals could account for a significant share of Bitcoin miner fees in 2024. This could become more important after the Bitcoin halving as Bitcoin miners face reduced block rewards. Discussions surrounding the efficiency of Bitcoin ordinals are expected to continue, but the potential for ordinals in the NFT ecosystem is positive.

TAO explodes into top 20

The forecast is for Bittensor (TAO) to enter the top 20 by market capitalization in 2024. The project has a vision of merging blockchain and artificial intelligence, and the influencer's positive review and purchases could help the prediction come true.

Polygon is making a comeback

The influencer predicts that Polygon (MATIC) will rise to the top 10. Polygon is currently valued at $7.5 billion and has recently seen strong user growth. Planned changes for Polygon in 2024 could further strengthen momentum.

Chainlink price target: $100!

The crypto expert predicts that Chainlink will reach a price target of $100 in 2024. The platform offers real-world utility in tokenizing real-world assets and promoting interoperability between different blockchains.

The influencer's forecasts could trigger a positive mood in the crypto market and have a positive impact on the cryptocurrencies mentioned in particular. A realization of the predictions would lead to further upward movement of the market and increase the interest of investors and traders in these cryptocurrencies.