Nexo presyoNEXO

At the core of the 2024 crypto conversation is the Bitcoin halving, a pre-programmed event that occurs approximately every four years, reducing the reward for mining Bitcoin by 50%. Historically, the halving is not only anticipated because of the technical update but also because of the significant price movements that follow.  In previous halving events (2012, 2016, and 2020), Bitcoin experienced substantial increases in value in the months following the halving. While past performance does not indicate future results, these patterns have fueled speculation about a similar upsurge in 2024. The demand and supply economic principle is the rationale most experts use to explain the positive price action that follows the halving. The halving reduces the rate at which new Bitcoins are produced, thus slowing down the inflation of Bitcoin’s supply. If the demand remains steady or increases, higher prices could result from the reduced supply growth, assuming that market fundamentals remain unchanged. This has led to major price predictions entering the new year. Here are some of the top Bitcoin (BTC) price predictions for 2024:  Antoni Trenchev, a noted bitcoin bull and co-founder of Nexo, a cryptocurrency exchange, believes bitcoin could hit $100,000 in 2024. In 2022, Carol Alexander, a finance professor at the University of Sussex, successfully predicted Bitcoin’s future price. This year, Alexander predicts that BTC will be in the $40,000 and $55,000 range.  In November 2023, Standard Chartered reiterated its $100,000 bitcoin prediction from April. Youwei Yang, the chief economist of Bit Mining, a crypto-mining company, predicts that Bitcoin could reach $75,000 by 2024. Seth Ginns, managing partner at CoinFund, told CNBC that the firm believes Bitcoin will likely be valued between $250,000 and $500,000 in 2024.

$XRP's recent surge is attributed to a combination of factors, including favorable regulatory progress, a rebound in the crypto market, and the token's fundamental strengths and popularity. According to Nexo research analyst Iliya Kalchev, the significant increase in $XRP open contracts indicates its growing appeal, expanding investor base, and increased trading activity ¹. XRP has repeatedly broken through the $2 mark since December and has become one of the best-performing altcoins over the past 30 days. Ripple's approval by the New York State Department of Financial Services (NYDFS) to launch RLUSD stablecoin has further boosted market confidence. Several key factors are driving XRP's growth, including: - *Ripple's Legal Victory*: The partial victory against the SEC in August 2024 has restored investor confidence and increased adoption of XRP Ledger by financial institutions. - *Rising Institutional Interest*: Growing adoption by banks and payment providers, as well as a potential spot XRP Exchange-Traded Fund (ETF), are contributing to XRP's upward momentum. - *Bullish Market Sentiment*: The overall cryptocurrency market has been performing well, with Bitcoin stabilizing around $97,000, creating a positive environment for altcoins like XRP. While the future looks bright, investors should remain cautious due to regulatory developments, market volatility, and competition. As Kalchev stated, XRP's trend will depend on Ripple's strategy and market maturity ¹.

$XRP's recent surge is attributed to a combination of factors, including favorable regulatory progress, a rebound in the crypto market, and the token's fundamental strengths and popularity. According to Nexo research analyst Iliya Kalchev, the significant increase in $XRP open contracts indicates its growing appeal, expanding investor base, and increased trading activity ¹. XRP has repeatedly broken through the $2 mark since December and has become one of the best-performing altcoins over the past 30 days. Ripple's approval by the New York State Department of Financial Services (NYDFS) to launch RLUSD stablecoin has further boosted market confidence. Several key factors are driving XRP's growth, including: - *Ripple's Legal Victory*: The partial victory against the SEC in August 2024 has restored investor confidence and increased adoption of XRP Ledger by financial institutions. - *Rising Institutional Interest*: Growing adoption by banks and payment providers, as well as a potential spot XRP Exchange-Traded Fund (ETF), are contributing to XRP's upward momentum. - *Bullish Market Sentiment*: The overall cryptocurrency market has been performing well, with Bitcoin stabilizing around $97,000, creating a positive environment for altcoins like XRP. While the future looks bright, investors should remain cautious due to regulatory developments, market volatility, and competition. As Kalchev stated, XRP's trend will depend on Ripple's strategy and market maturity ¹.

$XRP's recent surge is attributed to a combination of factors, including favorable regulatory progress, a rebound in the crypto market, and the token's fundamental strengths and popularity. According to Nexo research analyst Iliya Kalchev, the significant increase in $XRP open contracts indicates its growing appeal, expanding investor base, and increased trading activity ¹. XRP has repeatedly broken through the $2 mark since December and has become one of the best-performing altcoins over the past 30 days. Ripple's approval by the New York State Department of Financial Services (NYDFS) to launch RLUSD stablecoin has further boosted market confidence. Several key factors are driving XRP's growth, including: - *Ripple's Legal Victory*: The partial victory against the SEC in August 2024 has restored investor confidence and increased adoption of XRP Ledger by financial institutions. - *Rising Institutional Interest*: Growing adoption by banks and payment providers, as well as a potential spot XRP Exchange-Traded Fund (ETF), are contributing to XRP's upward momentum. - *Bullish Market Sentiment*: The overall cryptocurrency market has been performing well, with Bitcoin stabilizing around $97,000, creating a positive environment for altcoins like XRP. While the future looks bright, investors should remain cautious due to regulatory developments, market volatility, and competition. As Kalchev stated, XRP's trend will depend on Ripple's strategy and market maturity ¹.

On December 13, Nexo research analyst Iliya Kalchev recently stated that the significant increase in $XRP open contracts indicates its growing appeal, expanding investor base, and increased trading activity. This surge is believed to be related to favorable regulatory progress and a rebound in the crypto market. In addition, Kalchev believes that $XRP fundamental strengths and popularity are key drivers of its growth. According to Coingecko data, XRP has repeatedly broken through the $2 mark since December and has become one of the best-performing altcoins over the past 30 days. Meanwhile, Ripple's approval by the New York State Department of Financial Services (NYDFS) to launch RLUSD stablecoin has further boosted market confidence. Notably, XRP offers an annualized return rate of up to 12% on Nexo platform's financial products, providing investors with additional income opportunities and attracting user attention. Kalchev stated that XRP's trend will depend on Ripple's strategy and market maturity; current trends indicate its growth and relevance may continue.