I can't remember how much BTC was in December 2022, but all I remember was people predicting 8 or 5k by January 2023. So 2022 December was the peak of the bear market, and this was when the "Is BTC dead" tagline was in almost in every blog post you'd read and all headlines on Twitter and other private blogs. A bloke I remembered predicted 5 5-cent hive last December, and what do you know?
You can actually forgive people for buying into the FUD, the only surprising thing is that crypto habitually dies every bear market, and most of the time, the depth of the dip makes it even more difficult to see any form of recovery.
In a nutshell, I feel that the market is particularly poised and after exactly 12 months when the crypto populace felt it was finally over, here we are again, predicting crazy figures 12 months after believing that crypto was indeed dead. One thing I refrained from doing back then was predicting, it was mainly bad for mental health and it Makes you lose focus or plans on what you aim to achieve. So here again, I think it's official that BTC will close the year in 42k.
Who would have thought that?
I expected 38 to 40k to be a great finish, but this is a testament to the fact that BTC will inevitably double its previous ATH which will be around 138 to $139k by the peak of the bull market. In fact, BTC might do one better by doing 140 to $145k, but I don't see it going above 150k except something extraordinary happens.
However, for the end of 2024 we might likely see 70 to 100k and a peak of 145 or 150k 5 or 6 months later, and inasmuch as there are going to be factors that might deter or improve these predictions, I think the factors will still be within the range of these figures.
SPS
I like to look at SPS, very interestingly we've seen the Splinterlands team burning chunks of SPS and in a month or more the price has tripled, it's a welcome development and we may just be poised to see the price of SPS x10 in the bull market. However, one exciting thing to note is that SPS at this price will still not hit 50 cents even if it x10'ed with this current price. It's not impossible to see SPS x25 or 30 from this current price.
In the previous bull market SPS easily went up to 1$ however, I don't think we will see an escalation beyond $1 for SPS in the peak of the bull market, and this is because I feel that SPS still needs more sophisticated tokenomics to eventually do better in the bull market. However, if SPS manages to match its previous ATH, then I must say it's been a successful outing, but I doubt it will, an expectation for me will be within the 50 to 70 cent range which won't still be bad if you ask me.
However, SPS is not the only asset on Splinterlands, there are assets like SPT, DEC, and others so there might be huge or better success with the other assets.
As for Hive, doubling the previous ATH is going to be a success, however anything above $6 is already a success, and anything below that, then not so much. For me, the max will be $7 as we might not see beyond this. However, a lot of factors also need to come into play. How well the market rallies and the movement of the alts as well as Hive's own tokenomics. This these predictions with a pinch of salt, and do your evaluations properly.
It's not been a good year for me, infact it's been the worst ever, after serious multiple diagnosis and health complications, I've been agitated and filled with pain and anxiety, but, I guess it's life, and it's what it is.
Interested in some more of my works
Is it Easy To Make Money?
Nigeria: A Unique Business Market & Industry
Virtual Bank Apps In Nigeria: An Experience Of Gamification
How To Find The Next "BIG" Meme Coin
Personal Finance: Achieving Intentional "Saving" Goals
Playing The Survival Game: Human Nature In Introspection
"Un-PAYING" The Debt You Owe
