#predictions

On November 7, the Fed announced a 25 basis point cut in the interest rate, bringing it to a range of 4.5-4.75%, aligning with market expectations. This move marks the second consecutive reduction in 2024 following a period of sustained high rates.

Eric Balchunas, the Senior ETF analyst at Bloomberg, has scaled back his optimism regarding the approval of a spot Ethereum ETF, now assessing the chances at 35% by the May deadline. He emphasizes, however, that approval remains a possibility, especially looking ahead to the longer term.

Here are several key predictions, according to our viewpoint:

In their latest report on events in 2024 that could impact the industry, Matrixport predicts that:

While crypto-fans are actively playing with the new AI toy for coin predictions, the tech giant announced the launch of its own chat AI service Bard. The AI will be integrated in the search engine after the testing phase. As for the future, Google plans to create a set of tools and API interfaces for various apps. Microsoft and the Chinese company Baidu will also join the race and present their artificial intelligence bots.