A popular crypto analyst is making a slew of ‘contrarian’ predictions for the digital asset sector in 2024.
The pseudonymous trader known as Altcoin Psycho tells his 490,400 followers on the social media platform
However, the trader does not provide a reason why some members of the ETH community would go against Vitalik.
“I think we see an anti-Vitalik faction emerging/gaining strength. It pains me to write this, and I hope I’m wrong.”
The analyst also thinks that if a spot Bitcoin (BTC) exchange-traded fund (ETF) is approved, it will initially be celebrated by the crypto community but ultimately resented.
“I let people guess why.”
Altcoin Psycho thinks there will be fewer productive hacks on decentralized finance (DeFi) projects this year than last year.
“The dollar size of DeFi exploits in 2024 will be smaller than previous years. I think at least 50% of DeFi exploits were inside jobs.
And with the decreasing availability of mixers/non-KYC (know-your-customer) offramps, it is more difficult to create inside jobs.”
However, the analyst predicts that an “unprecedented” exploit will be carried out against a major custodial service such as a wallet or exchange.
The analyst also believes that artificial intelligence (AI) crypto projects will continue to rise in price.
“Many are calling for the top in AI. But the AI run has only just begun. AI-related tokens will outperform everything else. We will see many AI acquisitions from major web3 companies. Exchanges, wallets, protocols, etc.”
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