If you think Wall Street had a phenomenal year, take a closer look at how the cryptocurrency space fared in 2023. As of the early morning hours on Dec. 28, the aggregate value of all listed cryptocurrencies on CoinMarketCap.com had increased by a cool 115% year to date.

Though there are thousands upon thousands of digital currencies to choose from, it's Bitcoin (CRYPTO: BTC) and Ethereum that have done most of the heavy lifting. When 2022 came to a close, Bitcoin and Ethereum collectively accounted for 58% of the $795 billion crypto market cap. As of Dec. 28, these two juggernauts are responsible for 67% of the aforementioned $1.71 trillion value of the crypto market.

But it's not about where digital currencies have been so much as where they're headed next. Following an exceptionally positive year, here are four cryptocurrency predictions for 2024.

Continue reading

Source Fool.com