TechFlow News, December 13 — Multiple market analysts predict a significant rally in the cryptocurrency market during the 2024 Christmas season, according to DL News. Data from CoinGecko shows that in eight of the past ten years, the so-called "Santa Rally" has occurred.
Mena Theodorou, co-founder of Coinstash, said Bitcoin's new all-time highs are driving the market into an altcoin season. Nexo analyst Liya Kalchev expects Ethereum to surpass $5,000 by early 2025. Arthur Azizov, CEO of B2BInPay, believes XRP could break its all-time high of $3.40 by year-end, representing a 32% increase from current levels.
Analysts cite three main factors behind their bullish outlook: Donald Trump's potential return to the White House, expectations of interest rate cuts, and continued institutional investor participation.
