The cryptocurrency market has experienced significant growth in the last quarter of this year, largely due to Donald Trump’s recent victory in the US presidential election. VanEck, an influential US investment management firm, has released ten important predictions that could significantly increase the value of the cryptocurrency market in the coming year.
VanEck predicts notable price increases for top cryptocurrencies next year. Bitcoin (BTC) could soar to a whopping $180,000, Ethereum (ETH) is expected to surpass $6,000, Solana (SOL) could surpass $500, and SUI is predicted to surpass $10.
These predictions reflect expectations of unprecedented growth. VanEck believes that Trump's positive stance on cryptocurrency could lead the U.S. to view Bitcoin as a strategic reserve asset. Following Trump's appointment of a crypto-friendly chairman at the U.S. Securities and Exchange Commission (SEC), it is expected that the SEC will approve more cryptocurrency trading products (ETPs). Ethereum's ETPs, which faced staking limitations during Joe Biden's term, are also expected to benefit.
Another important prediction from VanEck is the strong growth potential driven by layer-2 networks based on Bitcoin. These networks could achieve a total value locked (TVL) of 100,000 BTC, marking a 600% increase from this year's figures. VanEck also highlighted that the Ethereum Dencun upgrade, completed earlier this year, has improved blob functionality. The Ethereum blob space is expected to generate $1 billion in fees due to increasing activity in layer-2 rollups and high-fee use cases.
The stablecoin sector currently sees daily trading volumes of around $100 billion. VanEck predicts that this figure will rise to $300 billion by the end of next year, due to wider acceptance in global commerce, remittances, and significant integration with technology and payment networks.
VanEck's vision extends to artificial intelligence (AI), anticipating the emergence of a million new AI brands in DeFi, social media, gaming, and consumer applications in the coming year. In the DeFi space, VanEck predicts that decentralized exchanges (DEX) will reach peak trading volumes of $4 trillion and a TVL of $200 billion. This expected growth is attributed to AI-focused projects and consumer-oriented decentralized applications (dApps).
The company also predicts a narrowing performance gap of dApp tokens compared to layer-1 cryptocurrency assets, driven by AI-based projects and Decentralized Physical Infrastructure Networks (DePIN). VanEck's vision also extends to the NFT market, predicting a recovery in traded volume to $30 billion. This recovery is expected to be driven by strong projects like Pudgy Penguins and Milady.
Finally, tokenized securities are predicted to experience significant growth. Their market value, which has doubled from $6 billion to $12 billion this year, is expected to reach $50 billion next year. These forecasts depict an optimistic outlook for the digital asset landscape as it moves towards 2025.
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