the-future-of-cryptocurrency-expert-insights-and-predictions-for-2024-bitpanda-blog-en
With the explosive growth in cryptocurrencies in recent times, more people than ever are venturing into the crypto market for investments. You might have already invested in popular assets like Bitcoin (BTC), used utility tokens such as Ethereum (ETH), or even acquired security tokens like MS tokens for the partial ownership of the Millennium Sapphire! The crypto market shows no signs of stopping or even slowing down — so, what’s in store for the market this year, and what can we expect in the future? Here’s a glimpse of the future of cryptocurrency and some key trends that we may see this year. Read on to get some expert insights and cryptocurrency predictions for 2024—and beyond.
6 cryptocurrency predictions and potential trends in 2024
It’s truly incredible to consider how quickly the entire world has gone digital. Just think of how many people are now navigating the virtual landscape and investing in digital assets. The increasing popularity of cryptocurrency, a form of digital currency secured by cryptography and existing on decentralised networks using blockchain technology, has been a key strand of this evolution.
In recent years, online businesses, digital investors, mobile gamers, experienced traders and even mainstream consumers have been engaged in various forms of crypto transactions. As such, it’s probably safe to say that you can expect the continued widespread adoption of cryptocurrencies this year and into the future. A recent Statista report on the worldwide cryptocurrency market shows it is estimated to hit $51.5 billion (USD) in 2024 and $71.7 billion by 2028, potentially expanding at a compound annual growth rate (CAGR) of 8.62%.
