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---Will NFT activity rebound to an all-time high in 2024?--- Monthly NFT (Non-Fungible Token) volumes are poised to achieve a fresh record high as cryptocurrency speculators re-enter the market, showing a preference for leading NFT collections on $ETH , enhanced crypto games, and innovative offerings based on $BTC . Despite Ethereum's historical dominance with a nearly 50-1 ratio over Bitcoin in primary NFT sales, the Ordinals protocol for Bitcoin and the emergence of layer 2 chains on the Bitcoin network are expected to contribute to a sustained resurgence in Bitcoin network fees. The ratio of primary NFT issuance between ETH and BTC is projected to converge closer to 3-1 by the end of 2024. Stacks (STX), a smart contract platform secured by Bitcoin, is anticipated to ascend to a position within the top 30 coins by market capitalization, currently positioned at 54th place. #NFT #EthereumRally #BitcoinOnEthereum

---Will NFT activity rebound to an all-time high in 2024?---

Monthly NFT (Non-Fungible Token) volumes are poised to achieve a fresh record high as cryptocurrency speculators re-enter the market, showing a preference for leading NFT collections on $ETH , enhanced crypto games, and innovative offerings based on $BTC .

Despite Ethereum's historical dominance with a nearly 50-1 ratio over Bitcoin in primary NFT sales, the Ordinals protocol for Bitcoin and the emergence of layer 2 chains on the Bitcoin network are expected to contribute to a sustained resurgence in Bitcoin network fees.

The ratio of primary NFT issuance between ETH and BTC is projected to converge closer to 3-1 by the end of 2024. Stacks (STX), a smart contract platform secured by Bitcoin, is anticipated to ascend to a position within the top 30 coins by market capitalization, currently positioned at 54th place.

#NFT #EthereumRally #BitcoinOnEthereum

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Will a breakout blockchain game will finally arrive in 2024?
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---Bitcoin will make an all-time high in Q4 2024--- In the latter part of 2024, $BTC is anticipated to face significant challenges, reminiscent of a formidable obstacle. The global voter turnout for legislative and presidential elections is projected to surpass 45% in 2024, marking a historic peak. This heightened level of political engagement suggests an environment of increased volatility and the potential for substantial policy shifts. Notably, there is growing indication that voters and legal systems are pushing back against the anti-growth stance advocated by the Green lobby. Following a contentious election that resulted in Donald Trump securing 290 electoral votes and reclaiming the Presidency, there is optimism that the SEC's adversarial regulatory stance may be dismantled. Consequently, the expectation is that the price of Bitcoin will achieve a record high on November 9th, precisely three years from its last peak. (It's worth noting that Bitcoin experienced a breakout in November 2020, coincidentally three years from its previous high in November 2017.) Should Bitcoin reach $100,000 by December, an audacious prediction is made that Satoshi Nakamoto could be named Time Magazine's "Person of the Year." #BTC!💰
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---How Listed Miners Are Shaping the Bitcoin Market in 2024--- The upcoming $BTC halving in April 2024 is anticipated to unfold smoothly, without significant forks or missed blocks. As the issuance of new coins is halved, miners operating at a loss are likely to disconnect, allowing those with cost-effective power sources to gain a larger market share. Fortunately, the impact on public markets is expected to be minimal, thanks to the improved financial positions of listed miners, who currently control approximately 25% of the global hash rate, marking a record percentage. Following a brief period of consolidation lasting from several days to weeks post-halving, during which the market absorbs the additional selling pressure from unprofitable miners, Bitcoin is projected to surpass $48,000. This level corresponds to the neckline of the head-and-shoulder pattern that was completed in April 2022. While, on average, Bitcoin miners are expected to underperform the Bitcoin price leading up to the halving, the miners with lower operational costs such as CLSK and RIOT are anticipated to outperform their counterparts. Furthermore, post-halving, there is an expectation that at least one publicly traded miner will experience a tenfold increase in value by the end of the year. #BTC #mining #2024Predictions
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