TechFlow news — asset management firm VanEck has released its 15 predictions for the crypto industry in 2024:
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A U.S. recession is coming, but spot Bitcoin ETFs are expected to be approved, attracting over $2.4 billion in inflows and supporting Bitcoin's price.
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The fourth Bitcoin halving in 2024 will have minimal market impact; Bitcoin price will rise post-halving, benefiting low-cost miners with substantial profits.
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Bitcoin will reach an all-time high in the fourth quarter of 2024, potentially driven by political developments following the U.S. presidential election and regulatory changes.
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Ethereum will not surpass Bitcoin, but will still outperform major tech stocks, though its market share may face challenges from other smart contract platforms.
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After EIP-4844 implementation, Ethereum Layer 2 solutions will capture the majority of TVL and transaction volume among EVM-compatible networks.
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NFT activity will rebound to new all-time highs, with Ethereum continuing to lead; Bitcoin will gain traction via the Ordinals protocol, and by the end of 2024, the ETH-to-BTC NFT issuance ratio will reach 3:1.
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Binance may lose its top position in spot trading as rivals such as OKX, Bybit, Coinbase, and Bitget compete for leadership; Coinbase’s futures market daily trading volume could exceed $1 billion.
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Stablecoin market capitalization will surpass $200 billion, reaching a new all-time high.
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DEXs will achieve a record-high market share in spot trading.
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Remittances will drive blockchain adoption, offering yield opportunities through "staked Bitcoin" on the Lightning Network.
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A breakthrough blockchain game will attract more than 1 million daily active players.
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Solana is expected to rank among the top three blockchains by market cap, TVL, and user count.
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DePin networks, particularly Hivemapper and Helium, will see increased adoption.
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New accounting standards will encourage greater corporate holdings of cryptocurrencies.
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KYC-compliant DeFi applications, led by Uniswap, may surpass non-KYC platforms in usage, attracting institutional trading volume and increasing protocol revenues.
