The year 2024 witnessed a notable turning point in the world of cryptocurrency, not only with the strong development of altcoins but also with how the community has harnessed the power of blockchain for good causes. The highlight of the past year was the MIRA token event - a memecoin created on the Pump.Fun platform, which rose to a market capitalization of 80 million dollars. The story began with a father's call to raise funds for research on his daughter's rare brain cancer, creating a significant wave of attention in the cryptocurrency community.
Immediately upon its release and with support from Siqi Chen, the father of the patient, the trading of MIRA tokens exploded with a volume of up to 85 million dollars in just 24 hours, making it the most vibrant small cryptocurrency at that time. Despite skepticism about the value of memecoins, many in the community recognized MIRA as a prime example of using cryptocurrency for charitable and socially beneficial purposes.
The next highlight of the year is the volatility of Bitcoin - the 'king' of the crypto market, as its price fell below 94,000 dollars after reaching a historic peak of around 108,000 dollars on December 17. This reflects a declining trend in the market, with the Taker-Buy-Sell ratio at 0.92 and an increase in the dominance of USDT, indicating a trend of investors seeking safety. However, the funding rates of futures contracts remain optimistic, showing that long-term investors still hold a dominant position.
Looking ahead, analysts predict that the price movement of Bitcoin in 2025 could be influenced by the upcoming regulatory trajectory of the Trump administration as well as the monetary policy of the Federal Reserve. Some optimistic forecasts suggest that the price of Bitcoin could rise to between 150,000 and 400,000 dollars in the coming year. This reminds us that investing always comes with risks, and investors need to conduct thorough research before making decisions.
This is just the tip of the iceberg as we enter 2025, and the cryptocurrency sector promises to continue being an incredibly vibrant and equally challenging arena.
