Why is crypto not pumping?
The mystery behind altcoins not pumping despite Bitcoin's growth can be attributed to several factors. The dominance of Bitcoin in the market, market sentiment, the impact of Bitcoin halving, and the utility and adoption of altcoins all play a role in the pumping of altcoins.
The crypto market has maintained its bullish momentum in 2024 after Ethereum rallied 85% and bitcoin gained nearly 150% in 2023. Heading into April, bitcoin prices are up another 64.9% year-to-date, while Ethereum prices are up 55.6%.
Most of the alts are not pumping due to their token unlocks. The investors are to optimistic about bitcoin because of the spot etf approval and they are not investing in alts because of the benefits of betcoin spot etf as they know bitcoin will almost double their investment in near future.
A number of negative stories and threats of further regulation contributed to bitcoin's collapse in 2022. These included: November 2022 cryptocurrency exchange FTX went bust. June 2022, Celsius Network, a major US cryptocurrency lending company, froze withdrawals and transfers, citing “extreme” conditions.
Over the past few days, the crypto market witnessed a significant downturn attributed to heightened tensions between Iran and Israel. Concerns regarding potential escalations in the Middle East unsettled financial markets, prompting investors to seek safer investment avenues.
A recent report predicts that Bitcoin will reach a new all-time high in 2024. Bitcoin (BTC) is expected to reach a new record of $88,000 (€82,000) throughout the year, before it settles around $77,000 at the end of 2024, according to a new report.
| Coin | Market Capitalization | Current Price |
|---|---|---|
| Solana (SOL) | $69 Billion | $154.53 |
| Ripple (XRP) | $28.4 Billion | $0.5131 |
| Dogecoin (DOGE) | $23.8 Billion | $0.1653 |
| Tron (TRX) | $10.1 Billion | $0.1152 |
Bitcoin's price is up about 120% from this time last year. But judging by sentiment amongst crypto enthusiasts on X, we're only in the early innings of the bitcoin bull market that many believe will last through the better part of 2025. How can people be so confident that bitcoin's price will continue to rise?
| Name | Price | 24H Volume |
|---|---|---|
| SNAP $NAP | $ 0.000007 | $ 11.92M |
| Uranus (SOL) ANUS | $ 0.000674 | $ 393,719.33 |
| Katt Daddy KATT | $ 0.01126 | $ 66,235.01 |
| GLI TOKEN GLI | $ 1.208622 | $ 52,710.22 |
It's 2024. Bitcoin is breaching all-time highs again, memecoins are popular once more and decentralized-finance projects are advertising eye-popping yields. All of this sounds like a bull-market atmosphere — but it might be a while until everyone's feeling the frenzy.
Will bitcoin ever crash to zero?
It is theoretically possible. Bitcoin has been around for close to 15 years now, and although it has survived several dramatic crashes before making new highs, its extreme volatile nature puts investors at risk of losing all their money.
By the end of 2030, the predicted Ethereum price could soar to a peak of $26,575.21. The current price of 1 Ethereum is $ 3,149.09598386.
The Bloomberg Galaxy Crypto Index has more than tripled since the start of last year in a rebound from a deep bear market in 2022. Crypto speculators are awaiting the so-called Bitcoin halving, which will reduce new supply of the token in half and is expected around April 20.
The current market crash was worsened by a trend often seen when U.S. markets open, which tends to coincide with Bitcoin's decline. Also, Bitcoin's drop mirrored losses in other assets like gold and the Nasdaq index.
Today's gains in the crypto market are part of a recovery that began when net inflows into spot Bitcoin exchange-traded funds (ETFs) turned positive after significant outflows.
Bitcoin's price has risen dramatically over the past year, fueled by regulatory approval for exchange-traded funds in the digital currency. For years, everyday investors who wanted to trade digital currencies generally had to go to crypto exchanges, a potential deal-breaker for people unfamiliar with bitcoin.
Key Takeaways. Bitcoin, the cryptocurrency, is most likely to remain popular with speculators over the next decade. Bitcoin, the blockchain, will probably continue to be developed to address long-standing issues like scalability and security.
| Year | Minimum Price | Maximum Price |
|---|---|---|
| 2032 | $1,750,882.89 | $2,133,236.66 |
| 2033 | $2,476,675.31 | $3,009,208.05 |
| 2040 | $3,875,790.38 | $4,440,474.91 |
| 2050 | $4,645,814.37 | $5,107,829.17 |
Historically, long-term Bitcoin investors have been rewarded for their patience, riding out significant price fluctuations to see considerable profits. If you originally invested because you believed in Bitcoin's long-term value, then selling during a downturn may contradict your original investment strategy.
Bitcoin and Ethereum remain the safest and most legitimate crypto investments currently based on continuous mainstream adoption, market dominance, and institutional backing.
Will Dogecoin reach $1?
With the rising number of memecoins entering the market, Dogecoin's (DOGE) strong community could keep the cryptocurrency from fading into obscurity, but analysts are skeptical of traders' hopes that it could reach a price of one-dollar this cycle.
- Dogeverse (DOGEVERSE) – Multi chain meme token with massive staking rewards.
- Slothana (SLOTH) – Hot new meme coin with the potential to go viral.
- Mega Dice (DICE) – Multi functional native token of popular crypto casino.
Bitcoin Halving appears to be fueling the next bull run to happen in 2024. Investing in the best altcoins can be rewarding as they offer diversification and potentially higher returns. However, it is important to approach the altcoin landscape with caution and do a thorough research.
This technical event, written in bitcoin's code, happens every four years. In simple terms, it is when the rewards for bitcoin miners are cut in half. This reduces the pace at which new bitcoins enter the market. Since there will ever only be 21 million bitcoins, the halving serves to create more scarcity.
Unfortunately, it's also incredibly volatile. For that reason, while current market conditions are favorable for anyone considering buying Bitcoin, it is an asset you should purchase only at your own risk. Because while Bitcoin may have the potential for significant returns, you may also lose most of your investment.
