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Ripple CEO Made a Bold Prediction for 2024. The claim that the cryptocurrency market will be 5 trillion dollars The total value of the cryptocurrency market is currently around 2.58 trillion dollars. Garlinghouse claimed that the total value would climb up to 5 trillion dollars in the rest of the year. This means that the total value of cryptocurrencies will double in the next 8 months. What factors did Garlinghouse support his claim? Ripple CEO attributed the claim that the total value will double this year to two main factors. Claiming that macroeconomic factors will continue to support the trend towards the crypto sector, Garlinghouse also thinks that new institutional investors will continue to enter the sector through ETFs. However, it is thought that Bitcoin halving will also contribute to the rise. Brad Garlinghouse said that they have been in the industry for a long time and similar trends have come and gone before. Emphasizing that there are some differences between past periods and the current period, Garlinghouse emphasized that crypto-backed ETFs have started to attract real institutional investors for the first time. This year, when the daily supply of BTC will begin to decrease with the halving, the positive effect of the increase in demand for Bitcoin through ETFs is emphasized. Looking at March data, it is seen that Bitcoin miners produced approximately 28,500 BTC, while over 66 thousand BTC were purchased through spot Bitcoin ETFs. Ripple CEO added that there is no need to be an economist to tell what will happen when demand increases while supply shrinks. As a result, Brad Garlinghouse claims that the crypto market could easily double in value given new trends. Garlinghouse is hopeful for 2024 Claiming that 2024 will be a big year earlier this year, Ripple CEO gave positive signals in XRP. The XRP community welcomed Garlinghouse's words as he said this was the first time he had made such a clear bullish claim. Ripple's recent launch of important projects has the community excited about the future of XRP. $BTC $XRP

Ripple CEO Made a Bold Prediction for 2024.

The claim that the cryptocurrency market will be 5 trillion dollars

The total value of the cryptocurrency market is currently around 2.58 trillion dollars. Garlinghouse claimed that the total value would climb up to 5 trillion dollars in the rest of the year. This means that the total value of cryptocurrencies will double in the next 8 months.

What factors did Garlinghouse support his claim?

Ripple CEO attributed the claim that the total value will double this year to two main factors. Claiming that macroeconomic factors will continue to support the trend towards the crypto sector, Garlinghouse also thinks that new institutional investors will continue to enter the sector through ETFs. However, it is thought that Bitcoin halving will also contribute to the rise.

Brad Garlinghouse said that they have been in the industry for a long time and similar trends have come and gone before. Emphasizing that there are some differences between past periods and the current period, Garlinghouse emphasized that crypto-backed ETFs have started to attract real institutional investors for the first time. This year, when the daily supply of BTC will begin to decrease with the halving, the positive effect of the increase in demand for Bitcoin through ETFs is emphasized.

Looking at March data, it is seen that Bitcoin miners produced approximately 28,500 BTC, while over 66 thousand BTC were purchased through spot Bitcoin ETFs. Ripple CEO added that there is no need to be an economist to tell what will happen when demand increases while supply shrinks. As a result, Brad Garlinghouse claims that the crypto market could easily double in value given new trends.

Garlinghouse is hopeful for 2024

Claiming that 2024 will be a big year earlier this year, Ripple CEO gave positive signals in XRP.

The XRP community welcomed Garlinghouse's words as he said this was the first time he had made such a clear bullish claim. Ripple's recent launch of important projects has the community excited about the future of XRP.

$BTC $XRP

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There Are 3 Reasons This Altcoin Will Be 1000 Dollars. Despite today's and previous declines, the BNB Coin price has managed to remain strong. Even though it fell below $600, BNB Coin did not move far from the $600 price while most altcoins rushed to the bottom supports. The price, consolidated between $ 500 and $ 620, was ready to run to the top with the wind behind it for the new ATH, if the big drop in March 20 had not occurred. However, the fluctuation in BTC price changed things. BNB Coin is targeting $800-1000 for the new top and it has 3 important supporters that make this top meaningful. This is the first reason. There is a giant like Binance behind the altcoin and it is still the largest exchange in the world in terms of transaction volume. Moreover, since the problems with the USA have been largely resolved, structural risks have also decreased. There has been no negative impact since the November agreement. Not many people seem to care that #Binance CEO Changpeng Zhao received a four-month prison sentence and the exchange paid a $4.3 billion fine Total value locked (#TVL ) on the Binance Chain network increased from $4.99 billion to $6 billion on April 30, reflecting strong interest. The rapid increase in the total value locked on BNB Chain also shows why the BNB price remains strong. Although hype altcoins such as SOL Coin do not see token price growth in direct proportion to TVL, there is bubble in the price. This may be much more limited in BNB BNB Chain hosts 5,315 DApps, an 8% increase compared to last week. In other words, along with investor interest, the interest of developers is also strong. The third reason for the rise is the bullish pennant shared by World of Charts. According to him, this formation targets a new peak up to $ 1000. Another analyst, Captain Faibik, says that we are approaching the breaking point of the big upward rally and we can see a 40 percent increase. The 610 and 650 dollar areas are the upper trend line of the pennant. If these levels are exceeded, larger peaks can be targeted with 690 and 800 dollars $BTC $ETH
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Cryptocurrency market overview | May 12 🟢 #Market cap : $2.38 trillion (+0.27%) 🟢 #BTC dominance: 50.90% (+0.34%) ⚡️ Fear and Greed Index: 56 (neutral)
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Another Bitcoin Earthquake in Hong Kong: This Time They're Working on a "Bitcoin-Secured Mortgage"! Hong Kong, known for its financial center status, recently hosted the #Bitcoin Asia conference. The event attracted a significant number of participants from mainland China, despite the country's ban on commercial cryptocurrency trading. Organized by BTC Inc, which also runs the Bitcoin Conference and owns Bitcoin Magazine, the conference was attended by approximately 5,500 participants, half of whom are estimated to be from mainland China. David Bailey, co-founder and CEO of #BTC Inc, noted that interest in the conference was strong due to Hong Kong's imminent launch of spot Bitcoin ETFs and anticipation of the launch of Ethereum ETFs, as well as an increase in the development of layer 2 projects. “I think ETFs are kind of an admission that Bitcoin is here to stay,” Bailey said. New ETFs in Hong Kong that accept in-kind subscriptions and allow purchases with Bitcoin and ETH have been positively received by cryptocurrency investors. According to Bailey, this feature is “very important” because crypto investors can use ETF shares as collateral for loans. Harvest Global and ChinaAMC, managers of Hong Kong's crypto ETFs, confirmed that they are working to promote collateralization of #ETF products in the city. $BTC $ETH $BNB
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2024 Altcoin Rally Predictions Started to Come: Famous Analysts Are Preparing for Bitcoin Super Bull Period. As the crypto bull market eases in the middle of the second quarter of 2024, analysts are trying to combat FUD with super bullish altcoin predictions. Popular crypto account Altcoin Daily published a long list of predictions earlier this week, predicting that #Bitcoin (BTC) would reach $120,000, #Ether (ETH) would reach $8,800, and #Solana (SOL) would reach $720. According to these predictions, Bitcoin will increase by almost 100% to $ 60,600, while Ether and Solana will gain 200% and 400% respectively. Another popular crypto analyst, Deezy.eth, shared his own predictions. He predicts Cardano (ADA) will rise 13.25x (1.225%) from current levels, rising from $0.445 to $5.90. He predicts #XRP (XRP) to rise to $1.80 and #Dogecoin (DOGE) to rise to $0.50. This means an increase of 260% and 250% respectively. These super bullish altcoin predictions come at a time when FUD (fear, uncertainty and doubt) is increasing in the crypto market. Many altcoins and meme coins rose between February and March as Bitcoin reached new record highs above $70,000. However, sharp corrections were seen in the market due to the decline in interest in spot Bitcoin ETFs and the impact of macroeconomic headwinds. While Bitcoin fell 17% from its March high of $74,000, many altcoins experienced steeper declines: Solana lost 30%, XRP lost 32%, Dogecoin lost 37%, and Cardano lost 45%. Historically, it is known that post-halving BTC rallies usually begin within 4-6 months. It was expected that the halving in April would not immediately trigger an upward wave. The post-halving recession usually coincides with the summer season in the crypto market, along with the consolidation process. Therefore, a sudden rally should not be expected, but there is no denying the fact that we are in the middle of a new bull market. However, 10x Research warned that unlocking tokens could hinder the altcoin rally if VCs (venture capital) back out. $SOL $XRP $DOGE
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