Should I buy Bitcoin or Ethereum 2024?
The spot bitcoin ETF news has been the most significant cryptocurrency catalyst in 2024. But ethereum could also rally in the coming months if the Federal Reserve cuts interest rates sooner or more aggressively than expected. ETH prices are up 48% in 2024. That's roughly in line with bitcoin's year-to-date gain.
Conclusion: ETH and BTC have been the leaders for years. During past cycles, ETH has strengthened against bitcoin, hitting highs of 0.15 and 0.09 ETH per BTC in 2017 and 2021, respectively. The current ratio of 0.056 is only slightly above its 3-year low.
Bitcoin, it found, is likely to hit an average peak price of $87,875 in 2024, with some experts predicting it will climb as high as $200,000. On the flip side, the average lowest price Bitcoin could hit by the end of 2024, is seen as $35,734, the report said, with some predicting it will fall as low as $20,000.
Coin | Market Capitalization | Current Price |
---|---|---|
Bitcoin (BTC) | $1.30 Trillion | $66.221 |
Ethereum (ETH) | $390 Billion | $3,254 |
Binance Coin (BNB) | $86.3 Billion | $577 |
Solana (SOL) | $69 Billion | $154.53 |
Year | Minimum Price / Maximum Price |
---|---|
2024 | $4500 to $5200 |
2024 | $7850 to $10,500 |
While Ethereum can hit $100,000 after 2030, it is not realistic to expect ETH to reach 100k before 2030. It's nearly impossible. There is no path for Ethereum to hit 100k before 2030, it's impossible. ETH can realistically hit $10,000 in the coming years, either in 2025 or in 2026.
Given the highly volatile nature of the crypto market, various possibilities exist in the realm of cryptocurrencies, including the potential for Ethereum to surpass Bitcoin. As witnessed in 2021, ETH outperformed BTC, gaining nearly 400% compared to Bitcoin's 66%.
Exploring the potential cryptocurrencies like Pikamoon, Dogecoin, Book of Meme, Rosewifhat, and Zilliqa as contenders to hit the $1 milestone. Key factors like utility, viral potential, and clear roadmaps suggest their potential amidst market sentiment and unique tokenomics.
A $100 investment in Bitcoin could purchase 0.00607 BTC today based on a price of $16,466.14 at the time of writing. If Bitcoin hits the $1 million price target by Wood in 2030, the $100 investment would turn into $6,070. This represents a gain of 5,970% from now until 2030.
Year | Minimum Price | Maximum Price |
---|---|---|
2025 | $115,285.47 | $133,872.61 |
2026 | $165,756.42 | $200,472.95 |
2027 | $240,935.90 | $288,284.17 |
2028 | $359,657.03 | $422,196.78 |
Is it worth investing in crypto 2024?
Established titans like Bitcoin and Ether are going to be portfolio mainstays. But rising stars like Solana and Injective are also vying for a piece of the digital future. Prepare yourself, as 2024 promises to be a profitable year for crypto investors.
- Ethereum (ETH-USD): Even with its relatively high price ETH has 5x upside.
- XRP (XRP-USD): XRP is free legally and remains the top cross-border transaction token.
- Cardano (ADA-USD): Strong fundamentals and low price are the prime factors for Cardano.
Bitcoin is a risky investment with high volatility, and generally should be considered only if you have a high risk tolerance, are in a strong financial position already and can afford to lose some or all of your investment.
Our most recent Ethereum price forecast indicates that its value will increase by 1.09% and reach $3,090.72 by April 22, 2024. Our technical indicators signal about the Bearish Bullish 43% market sentiment on Ethereum, while the Fear & Greed Index is displaying a score of 66 (Greed).
With this in mind, our Ethereum price prediction forecasts that Ethereum could increase as much as 120% from its current ATH, leading ETH it to highs of $10,700 by the end of 2025. Our average expected Ethereum coin price forecast is $7,600 and we predict potential lows of $4,500 in 2025.
Year | Price |
---|---|
2025 | $ 3,405.13 |
2026 | $ 3,575.38 |
2027 | $ 3,754.15 |
2030 | $ 4,345.90 |
To have a million dollars worth of Ethereum at $3000, you would need around 333.33 ETH tokens. The cost of 333.33 ETH at current prices is about $747,333. However, if ETH reaches its all-time high of $4878.26, the same investment would be worth around $1,626,000 ($1.62 million).
Can ethereum reach $50,000? Ethereum prices could surpass $50,000 by 2030 in a best-case scenario, according to VanEck. But that would require a significant rise in activity on the ethereum blockchain over the next six years.
Analysts have predicted ethereum is set to soar to almost $20,000 by 2025, an increase of 400% from its current price, with "major upgrades" to the ethereum network potentially pushing it higher. What kind of tech updates and adoption would it take for Ethereum to reach $20,000? Is $20k even possible?
And while past performance doesn't guarantee future results, ether has shown it can perform better than bitcoin during crypto uptrends. So as the market grows, it stands to reason that ether could eventually overtake bitcoin in market size.
Which coin will overtake Bitcoin?
Although Ethereum is similar in that it is a blockchain with a native token, or 'currency', it has major differences with bitcoin. Its proponents believe it has advantages that mean it could take the number one spot in the future.
Sassano is optimistic about the investment potential of Ethereum, based on potential price appreciation of ETH as well as the inherent earning potential within the Ethereum network. βI continue to believe that ETH is the best risk-adjusted investment across any asset class for the long-term,β Sassano says.
- Bitcoin (BTC) Market cap: $1.3 trillion. ...
- Ethereum (ETH) Market cap: $385.74 billion. ...
- Tether (USDT) Market cap: $108.7 billion. ...
- Binance Coin (BNB) Market cap: $82.03 billion. ...
- Solana (SOL) Market cap: $69.15 billion. ...
- XRP (XRP) Market cap: $30.31 billion. ...
- U.S. Dollar Coin (USDC) Market cap: $32.59 billion. ...
- Dogecoin (DOGE)
- Bitcoin (BTC) Market cap: $1 trillion. ...
- Ethereum (ETH) Market cap: $385.4 billion. ...
- Binance Coin (BNB) Market cap: $88.1 billion. ...
- Solana (SOL) Market cap: $69.1 billion. ...
- XRP (XRP) Market cap: $29.5 billion. ...
- Dogecoin (DOGE) Market cap: $23.2 billion. ...
- Toncoin (TON) ...
- Cardano (ADA)
The Ripple platform and XRP token have legal clarity now, so seasoned crypto investors and analysts are highly bullish on this token for 2024. This stamp of approval from authoritative institutions is further helping Ripple get widespread attention and a substantial price increase for XRP, its native token.
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