đź 15 VanEck crypto predictions for 2024
VanEck is a global investment company with $76.4 billion in assets under management, today they published 15 crypto predictions for the next year:
âȘïž Spot Bitcoin ETF will be approved in Q1 2024 with over $2.4 billion that may flow into them
âȘïž The 4th Bitcoin halving in 2024 will see minimal market disruption and a post-halving rise in Bitcoin's price
âȘïž Bitcoin will make an all-time high in Q4 2024, potentially spurred by political events and regulatory shifts
âȘïž Ethereum wonât flip Bitcoin in 2024 but will still outperform major tech stocks
âȘïž Post EIP-4844 implementation, Ethereum Layer 2s will capture the majority of EVM-compatible TVL
âȘïž NFT activity will rebound to an all-time high with Ethereum leading and Bitcoin gaining traction via the Ordinals protocol
âȘïž Stablecoin market cap will reach a new all-time high above $200 billion. USDC will reverse market share losses
âȘïž DEXs will hit all-time highs in spot trading market share, driven by fast blockchains like Solana
âȘïž Remittances will boost blockchain use, with "Bitcoin Staking" on the Lightning Network offering yield opportunities
âȘïž A breakout blockchain game may surpass 1 million daily players. Immutable X is poised to climb market cap ranks
âȘïž Solana is projected to become a top 3 blockchain by market cap, TVL, and users, potentially surpassing Chainlink's TVS with its Pyth oracle
âȘïž DePin networks, especially Hivemapper and Helium, will see increased adoption, with Hivemapper mapping significant distances and Helium's 5G network expanding rapidly
âȘïž New accounting standards will boost corporate crypto holdings. Coinbase will report Layer 2 revenue as Base Protocol grows
âȘïž KYC-compliant DeFi apps, led by Uniswap, will likely surpass non-KYC ones
đ From these predictions, we can conclude that VanEck predicts the growth of such coins: BTC, ETH, SOL, IMX, PYTH, HNT