Sergey Selivanov, development director of the multifunctional blockchain platform Bringold, believes that January 2024 promises to be interesting and potentially highly profitable for Bitcoin investors.

According to our interlocutor, if spot Bitcoin ETFs are approved, there is every chance of seeing BTC above $50,000. If the instrument is not approved, the cryptocurrency, according to Sergey Selivanov, will fluctuate slightly above $40,000 for some time.

Our interlocutor noted that the correction, if there is one, will be insignificant, since the Bitcoin halving is ahead of the market.

Let us remind you that the event that traditionally brings BTC into growth may take place in April. Also, the growth of Bitcoin, even in the context of the refusal to launch spot ETFs, will be supported by economic uncertainty, including fears of recession or stagflation in the United States, our interlocutor believes.

“In this environment, investors are looking for safe havens for their assets, and some see Bitcoin as an alternative to gold or other traditional safe haven assets.

This will also support and increase the demand for Bitcoin,” Sergei Selivanov summed up his Bitcoin forecast for January.

StormGain cryptocurrency exchange expert Dmitry Noskov believes that BTC may well overcome the psychological level of $45,000 in January.

Our interlocutor explained his optimistic forecast by expecting a positive effect from the possible approval of spot Bitcoin ETFs and the approaching halving.

The founder and CEO of WAYMORR, Grigory Shchukin, supported the positive forecast for Bitcoin for January 2024. At the same time, our interlocutor warned investors about a likely increase in volatility in the market.

If spot Bitcoin ETFs are not approved and if global economic conditions worsen, as our interlocutor believes, BTC may enter a correction.

Lennix Lai, commercial director of OKX, also gave his Bitcoin forecast for January 2024. According to our interlocutor, the prospects for BTC in January depend on the interest in the cryptocurrency on the part of institutions. The launch of spot Bitcoin ETFs could fuel it.

Also, the growth of Bitcoin in January, according to Lennix Lai, may support the approach of halving and the interest of market participants in Bitcoin NFTs.

“In 2024, we can expect continued interest in ordinals. They became the reason for the influx of NFT capital into the Bitcoin blockchain and provoked debate about which direction the Bitcoin blockchain will develop next,” our interlocutor summed up his Bitcoin forecast for January.

XRP, as a token closely affiliated with blockchain payments company Ripple Labs Inc., had an eclectic year that was filled with both upturns and downturns. While the highlight of the year for XRP came when Judge Analisa Torres declared that the coin is not an investment contract, other events that proved XRP has what it takes to soar above $2 in the long term were showcased.

At the time of writing, XR is trading for $0.619, down by 1.74% in the past 24 hours. The coin remains the sixth most capitalized cryptocurrency, with a market cap of $33,622,431,375 and a trading volume of $1,056,519,189.

XRP to $2, Potential Timeline

Many analysts have their thesis about XRP price starting from 2024. Interestingly, artificial intelligence (AI) based algorithms like ChatGPT also maintain XRP price prediction that offers an intriguing perspective on the inherent potentials of XRP.

However, the race to $2 from the current price level may not come soon taking into account the predictions from crypto trading platform Changelly. Besides highlighting that XRP recorded 18 green days out of the 30 in this month thus far, Changelly posited that the coin may not retest the $2 price mark until 2026. For that year, Changelly projected that XRP might likely trade at a high price of $2.43 and a low price of $2.01. 

This contrasts directly with a ChatGPT projection that considers a $5 price mark a conservative one for XRP by 2024.

XRP’s Time to Shine

After recording an 83.43% growth in the Year-to-Date (YTD) period, XRP broke the 2022 annual record when the coin dropped by 59.2%. Notwithstanding, this growth is considered a poor performance when compared to the more than 1,000% growth printed by top rivals like Solana.

This outlook has heightened the sentiment that XRP is building up momentum to go on a major price run in the coming year, with institutional adoption and XRP Ledger (XRPL) evolution poised to catalyze the coin to shine.