2024 has been a landmark year for the cryptocurrency market, bringing new opportunities and challenges for investors and traders.
Key trends for 2024:
Bitcoin Growth ($BTC ): In November 2024, Bitcoin grew by over 40%, approaching the $100,000 mark. This indicates a renewed interest in cryptocurrencies and possible further market growth.
BTC and ETH Spot ETFs Seen Popularity: Bitcoin and Ethereum spot ETFs have broken records for investment inflows, increasing their combined net inflows to over $30 billion and $577 million, respectively, underscoring institutional appetite for cryptocurrencies.
Preparing for Alt Season: While Ethereum has not shown strong growth, there is a prospect of an alt season. Investors have started to pay attention to alternative tokens that can increase in price as market conditions change.
Market capitalization growth: Analysts predict that the total cryptocurrency market capitalization will exceed $3.4 trillion due to the rapid growth of altcoins and tokenized real-world assets (RWAs).
Strategies for preparing for 2025:
Portfolio diversification: Spread investments across different cryptocurrencies, including Bitcoin, Ethereum, and promising altcoins, to reduce risk.
Research promising projects: Pay attention to cryptocurrencies with real technological solutions and growth potential. For example, Toncoin (TON), Chainlink (LINK), Uniswap ($UNI ), and Aave ($AAVE ) are considered promising for 2025.
Using different strategies: For major coins like BTC and ETH, a buy and hold strategy is suitable, as even after price drops, they tend to rise again. For lesser-known altcoins, short-term strategies with clear entry and exit criteria can be used.
Market News Tracking: Stay up to date with the latest developments and regulatory changes that may impact the cryptocurrency market.
In summary, 2024 has seen significant growth in the cryptocurrency market, opening up new opportunities for investors. Preparing for 2025 requires careful analysis, diversification, and adaptation to changing market conditions. But always remember the DYOR rule, or do your own research!
The article was written using materials from: Binance, Ministry of Finance Academy, FinanceFeeds, Trustee Global.
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