Nexo analyst: expect Ether to hit $5,000 early next year

On 13 December, a number of market analysts predicted that the cryptocurrency market will see a significant rise during the Christmas season in 2024, DL News reported. According to the data, the market has risen during the Christmas season in eight of the last 10 years.

Coinstash co-founder Mena Theodorou said Bitcoin's record highs are pushing the market into a cottage season, while Nexo analyst liya Kalchev expects ethereum to break $5,000 by early 2025, and B2BInPay CEO Arthur Azizov believes XRP is on track to break $3.40 by the end of the year. B2BInPay CEO Arthur Azizov believes XRP is on track to break $3.40 by the end of the year, a new all-time high and a 32 per cent increase from current prices.

Analysts are bullish based on three main factors: Trump's potential return to the White House, expectations of lower interest rates, and the continued presence of institutional investors.