The Future of Cryptocurrency: Expert Insights and Predictions for 2024
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The Future of Cryptocurrency: Expert Insights and Predictions for 2024
With the explosive growth in cryptocurrencies in recent times, more people than ever are venturing into the crypto market for investments. Whether you’ve already invested in popular assets like Bitcoin (BTC), used utility tokens such as Ethereum (ETH), or even acquired security tokens like MS tokens for partial ownership of the Millennium Sapphire, the crypto market shows no signs of stopping or slowing down. So, what’s in store for the market this year, and what can we expect in the future? Let’s dive in!
6 Cryptocurrency Predictions and Potential Trends in 2024
Mainstream Adoption of Crypto:
Cryptocurrencies operate outside the confines of traditional finance via decentralized networks. Blockchain technology has given organizations in various industries (such as healthcare, media, and banking) the opportunity to function divergently.
Experts believe that blockchain technology will continue to positively disrupt many industries, including the financial sector. We’ll also witness growing adoption of digital currencies within the mainstream1.
Market Growth:
A recent Statista report estimates that the worldwide cryptocurrency market will hit $51.5 billion (USD) by 2024 and expand further to $71.7 billion by 2028, potentially growing at a compound annual growth rate (CAGR) of 8.62%1.
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