2024 Crypto Predictions from top Investment Company

Friends! Today, let's delve into the 2024 forecasts prepared by the investment company!

So, what awaits us in 2024 according to analysts:

1. US Economic Recession and Approval of Bitcoin Spot ETFs: The company anticipates a $2.4 billion influx of funds into ETFs following the approval of Bitcoin spot ETFs amid a US economic recession.

2. Fourth Bitcoin Halving and Market Correction: The fourth halving in the #Bitcoin network is expected to trigger a minimal market correction, followed by a subsequent rise in asset prices.

3. Historical High for $BTC in Q4 2024: Analysts predict that Bitcoin will reach its all-time high in the fourth quarter of 2024. This event is attributed to regulatory changes following the US elections.

4. Ethereum Outperforming Tech Stocks: Ethereum is projected to outperform the stocks of major tech companies in terms of returns, although it may not surpass Bitcoin.

5. EIP-4844 Upgrade Boosting L2 Networks: The activation of the EIP-4844 upgrade is expected to contribute to the boom of Layer 2 (L2) networks.

6. NFT Activity Reaching Historic Highs: NFT activity is expected to reach historic highs, with Ethereum remaining a leader. Bitcoin's network, driven by Ordinals, is also foreseen to contribute to the evolving NFT landscape.

7. Binance Losing Leadership: Binance is expected to lose its leading position, with OKX, Bybit, Coinbase, and Bitget competing for the top spot. Coinbase's futures trading volume may exceed $1 billion due to the significance of listing regulated indices.

8. Stablecoin Market Cap Surpassing $200 Billion: The market capitalization of stablecoins is predicted to exceed $200 billion, with the USDC share growing thanks to institutional adoption.

9. Decentralized Exchanges Gaining Market Share: The market share of decentralized exchanges in spot trading is expected to reach a new historical high. High-performance networks like Solana will enhance trading capabilities, and smart accounts will encourage more users to adopt self-custody solutions.

10. 2024 Trend: Liquid Staking on Bitcoin: The trend of 2024 is expected to be liquid staking on Bitcoin, possibly facilitated by the Lightning Network and other projects.

11. Blockchain Games Surpassing 1 Million Daily Users: At least one blockchain gaming project is anticipated to exceed 1 million daily active users. Immutable X is considered a strong candidate, driven by the release of Illuvium, Guild of Guardians, and other high-budget games in 2024.

12. Solana Entering Top 3 by Market Cap: Solana is predicted to enter the top 3 by market capitalization. Additionally, a race to launch a spot ETF on $SOL is expected. Analysts also speculate that Solana-based Pyth may surpass Chainlink.

13. Decentralized Physical Infrastructure Networks (DePIN) Gaining Traction: DePINs are expected to start integrating and attracting public attention. The company has already noted the development of projects like Helium and Hivemapper.

14. Shift in Corporate Reporting Approaches: Companies are expected to shift their reporting approaches following the emergence of the Financial Accounting Standards Board (FASB) guiding principles. Corporations will begin recording cryptocurrency profits at market value, using them as treasury assets. Coinbase is poised to become the first public company to enter the market and report earnings from its Base blockchain. The annual project revenue is expected to exceed $100 million.

15. KYC-Compliant Applications from Uniswap Gaining Attention: KYC-compliant applications from Uniswap are expected to attract a wider audience and institutional capital. The introduction of Hooks, allowing the creation of customized tools without altering the core code, will contribute to this trend.