Are you ready to witness Bitcoin’s next big leap? As we edge closer to the end of the year, the buzz in the crypto market is palpable, and for good reason.
Two pivotal events are on the horizon for Bitcoin – the much-anticipated spot ETF approval and the Bitcoin halving event.
Both these milestones signal bullish trends, stirring up excitement and speculation among investors and enthusiasts alike.
The big question on everyone’s mind is: “How high will Bitcoin soar in 2024?”
In this article, we’re diving into this very question. But that’s not all – we’ll also introduce you to two emerging Bitcoin derivatives, Bitcoin ETF (BTCETF) and Bitcoin Minetrix (BTCMTX), each brimming with potential and poised to rise alongside their progenitor.
Let’s embark on this journey to uncover the future trajectory of Bitcoin and its innovative offshoots.
How High Will Bitcoin Soar in 2024?
Despite the SEC’s decision to push this decision to 2024, thereby keeping the bulls on their toes for a new rally in both Bitcoin and the altcoins market, optimism remains high.
This sentiment is further bolstered by the market’s quick recovery from recent challenges, such as the Binance fiasco.
At present, Bitcoin hovers around the mid $37K mark, hinting at a potential uptrend continuation.
Adding to this positive outlook is the approaching 2024 Bitcoin halving event, which is drawing significant institutional interest to the digital asset world.
Post the 4th halving, a whopping 96.875% of all Bitcoin will have been mined, and miners’ block rewards will halve to 3.125 BTC per new block. Historically, halving events have been precursors to bull runs, and this time is no different. Current BTC price predictions forecast a new all-time high at $75,062.
However, amidst global tensions, a more cautious Bitcoin price prediction suggests a potential low of $56,043. This brings us to an average of $65,552
This average will give us a balanced view of what to expect. Despite this remarkable growth, even if Bitcoin reaches the expected high, the return for holders would be just under 2X.
This leads us to explore two new iterations of Bitcoin – Bitcoin ETF (BTCETF) and Bitcoin Minetrix (BTCMTX) – which showcase true 100X potential according to industry experts.
Bitcoin ETF (BTCETF) – Overall the Best Presale Token Nears $2M in Funding
In crypto, innovation is key, and the Bitcoin ETF Token is at the forefront of this revolution. This isn’t just another entry in the digital currency space; BTCETF is a forward-thinking project, anticipating the potential launch of Bitcoin ETFs.
As an ERC-20 token on the Ethereum blockchain, BTCETF is uniquely positioned to take advantage of the possible approval of Bitcoin ETFs, offering its community a unique chance to benefit from these significant developments in the cryptocurrency world.
Moreover, BTCETF doubles as a utility token. It enables its holders to earn rewards through staking, with a substantial 25% of its total supply designated for this purpose.
This strategic allocation serves as an incentive for investors to hold and stake their tokens, thereby contributing to the network’s security and stability.
Currently, BTCETF is in the midst of a rapidly progressing presale, with 40% of its total tokens (840,000,000 BTCETF) available to early backers. In less than two weeks, BTCETF managed to raise over $2 million in presale funding!
This phase is crucial, as it offers an early and advantageous entry point for supporters, positioning them well for the potential market surge following any ETF approval.
BTCETF’s design and presale strategy reflect a visionary approach. With every important Bitcoin milestone, BTCETF will burn a portion of its tokens.
This makes BTCETF an exciting opportunity for early investors who want to be ahead of the curve and maximize their gains when 2024 comes around.
Bitcoin Minetrix ($BTCMTX) – Innovative Stake-to-Earn Mechanism & Affordable Bitcoin Mining
As we approach the next Bitcoin halving, expected in April 2024, the stakes in the Bitcoin mining industry are rising. This event, which will slash the mining reward from 6.25 BTC to 3.125 BTC per block, is likely to trigger a bull market due to the resulting deflationary supply.
Traditionally, the Bitcoin mining sector becomes exceptionally profitable during such bull runs
That’s where Bitcoin Minetrix comes into play. This platform seeks to democratize access to mining rewards for the average investor, challenging the existing monopoly of wealthy mining conglomerates. With its motto, “Bitcoin Minetrix mines Bitcoin so that you don’t have to,” it offers a robust approach to mining.
By purchasing $BTCMTX tokens through any Ethereum-compatible wallet like MetaMask, investors can stake their tokens on the Bitcoin Minetrix stake-to-earn dashboard. In return, they receive mining credits that can be used to buy mining power and earn BTC rewards.
This system makes Bitcoin mining accessible and manageable for retail investors, potentially transforming the mining landscape.
Bitcoin Minetrix has managed to raise over $4,4 M during its ICO so far, a remarkable figure, especially if you take into account the recent Binance debacle.
At the time of writing the presale is in its 10th stage with the price of $0,0119. However, in just 4 days, the presale will jump to its 11th stage with the incremental price increase.
So, make sure to hurry up and maximize your profits before BTCMTX before the next price bump. Prominent crypto influencers like Jacob Crypto Bury are supporting the project and expect it to do at least 10X upon listing.
Bitcoin Cash (BCH) – Bulls Expected in December
Bitcoin Cash (BCH) has experienced a significant downturn recently, notably falling below the crucial $220 support level.
This decline has been attributed to reduced interest from large investors and substantial sales by miners and node validators, totaling approximately $50.4 million. These factors have contributed to a predominantly bearish sentiment within the BCH ecosystem.
However, despite these challenges, there is a sense of optimism among some market analysts. They anticipate that BCH could rebound and return to its July highs of around $280 in December, suggesting a potential upturn and recovery in the market for this cryptocurrency.
As you can see, the upcoming Bitcoin events are expected to have a major influence on the whole market, especially the Bitcoin itself and the Bitcoin derivatives.
Expert analysis put bitcoin 2024 price between the $56K and $75 mark, which is good, but not substantial enough for the everyday investors.
On the other hand, BTCETF and BTCMTX, which have extremely small prices at the moment, offer much larger ROI potential.