With just two weeks left in 2024, the excitement surrounding a potential bull market is starting to build. However, I remain cautious, expecting a small dip around Christmas. Why? I don’t think it’s unthinkable that many people will convert some crypto to cash to pay for their Christmas shopping. If this happens, it will probably only be a temporary dip. The general outlook remains very positive.

Is Bitcoin on its way to new heights?

Short-term predictions for Bitcoin point to an open path to $110,000. And if you believe some analysts, a price of $250,000 is even in the offing by 2025. These thoughts sometimes make me wonder: what would my situation have been like if I had invested all my Steem and Hive earnings directly into Bitcoin? But honestly, such musings are pointless. What’s done is done, and my current crypto assets remain somewhat disappointing. I don’t have any extra fiat to invest, and Hive is lagging for now—which keeps me dreaming about what could have been.

A PEPE whale makes dreams come true

An inspiring, but perhaps also frustrating story: a PEPE whale bought just $27 worth of tokens at launch. He left that investment untouched for 600 days, resulting in a whopping growth of $52 million. Unbelievable! I would probably have cashed out long ago if my portfolio had even reached the $100,000 mark. However, I suspect that this whale could well be one of the developers of PEPE. If that $52 million worth of tokens decides to sell, that would be 2.07% of the total market cap in USD. Not a huge share, but potentially noticeable for the market.

Ethereum breaks through $4,000

For Ethereum holders, there is also reason to be optimistic. Today, the price broke through the magical $4,000 barrier, and expectations are that the rise will continue. Another encouraging sign: the number of staked ETH is increasing significantly. This indicates confidence in the network and offers hopeful prospects for the future.

Risk takers take note: Meme Index

Hive is lagging for now, but meme tokens continue to impress. Although I am usually reluctant to promote specific tokens, an interesting development caught my eye this week: the “MEME Index”. This concept consists of four different “baskets” that offer a range of risk levels, from conservative to extremely bold:

• Titan: The newest and riskiest tokens.

• Moonshot: For the adventurous investor with a preference for potential growth gems.

• Midcap: A middle ground with proven but still promising tokens.

• Frenzy: The ‘old guard’ of meme coins that have already proven their worth, but still show sufficient growth potential.

For those who want to invest in meme tokens but don’t know where to start, this seems like an interesting option.

A lesson in liquidity

In the meantime, I’ll keep waiting for Hive to deliver on its promises. Even that feels less boring than the times when the crypto market was completely at a standstill. The biggest disadvantage I currently experience is my lack of liquidity. I see interesting opportunities everywhere, but I simply don’t have the resources to get in on them. That brings me to the biggest lesson I’ve learned: make sure you secure your profits in time and maintain sufficient liquidity to be able to take advantage of new opportunities.

Whether it’s Bitcoin, Ethereum, meme tokens or something else entirely, 2024 will undoubtedly end up being a year full of momentum and expectations. We’ll see what the new year brings, but for now, it remains an exciting time for everyone in the crypto world.