In the final days of 2024, the cryptocurrency world has witnessed remarkable movements, from the rise of charity cryptocurrencies to the strong development of cryptocurrency exchange-traded funds (ETFs).
One of the most heartwarming stories was the emergence of a charity cryptocurrency called MIRA. The purpose of this coin was to raise funds for research on a young girl’s rare brain cancer. Launched by her father, Siqi Chen, MIRA quickly gained traction and reached a market capitalization of $80 million. Although its value has since dropped by 80%, the campaign was successful in raising over $1 million for research at the University of Colorado. Starting as a simple idea on the Pump.fun platform, MIRA has demonstrated the power of community and the ability to do good through cryptocurrency.
In the investment sector, 2024 witnessed a cash influx into U.S. spot Bitcoin ETFs totaling $35.66 billion, far exceeding initial forecasts. The BlackRock iShares Bitcoin Trust ETF (IBIT) led with $37.31 billion in investment, followed by funds from Fidelity and ARK 21Shares. Despite recent withdrawals, demand mainly comes from individual investors. It is forecasted that in 2025, interest from institutions will increase as new payment hubs emerge.
Not only Bitcoin, Ethereum has also made significant strides with the launch of spot Ether ETFs in July 2024. To date, these funds have attracted $2.68 billion in capital investment. BlackRock and Fidelity continue to lead, promising a booming 2025 with expectations that Ether will rise sharply due to the development of layer 2 solutions and advancements in the market.
The year 2024 closed with many charitable milestones and smart investment strategies, opening new horizons for altcoins and cryptocurrencies in the coming year. Stories like MIRA and ETFs not only reflect the strength of blockchain technology but also demonstrate the potential for positive change in life and investment.
