The crypto universe is constantly evolving, and VanEck has drawn a map of predictions that They project the scenario for the year 2024.
These predictions not only cover changes in the financial market, but also envision technological transformations and regulations that could significantly impact the ecosystem of cryptocurrencies.
Among these predictions, key elements stand out that promise to reshape the ecosystem in the coming months.
10 Crypto Predictions for 2024
Arrival of the US Recession and Bitcoin ETFs
The anticipated recession in the United States could be a key catalyst for the arrival of the first Bitcoin ETFs. More than $2.4 billion is projected to flow into these funds during the first quarter of 2024, which could keep the price of Bitcoin above $30,000.
DeFi to Reconcile with KYC Regulations
The reconciliation between DeFi (Decentralized Finance) and KYC (Know Your Customer) regulations marks a significant milestone in the cryptocurrency and decentralized finance landscape. VanEck’s predictions for the year 2024 anticipate a major shift in the focus of applications within the DeFi space towards integrating KYC requirements.
Ethereum and Scalability Improvements
Although Ethereum is unlikely to outperform Bitcoin in 2024, it is projected to outperform of the main technological stocks. Improvements like EIP-4844 are expected to reduce fees and improve the scalability of layer 2 chains, thus strengthening its position in the market.
The NFT (Non-Fungible Tokens) market is projected to expand further in 2024. Greater adoption and diversification in the use of NFTs is expected, ranging from digital art to virtual properties and unique collectibles.
Binance Leadership Loss
Binance, one of the leading cryptocurrency trading platforms, could face challenges and a loss of dominance in 2024 due to regulatory pressure and growing competition in the sector.
Growth of Stablecoins
The use of stablecoins as a haven of value and medium of exchange could see substantial growth in the coming year, driven by market volatility and the search for less volatile digital assets.
Rise of Decentralized Exchange Platforms (DEX)
Decentralized exchange platforms are expected to gain ground against centralized exchanges, attracting users with its focus on privacy and the absence of intermediaries.
Increased Regulation and Institutional Adoption
The year 2024 may see a significant increase in cryptocurrency regulation, as well as greater institutional adoption as more companies and investment funds enter this market.
Developments in Blockchain Technology
Significant advances in blockchain technology are anticipated, including improvements in interoperability between different blockchains and the development of solutions of scalability more efficient.
Experimentation with Decentralized Finance (DeFi)
Experimentation and innovation in the field of decentralized finance will continue to rise, offering new opportunities investment and creating alternative financial ecosystems.
These projections for 2024 suggest a dynamic panorama in the world of cryptocurrencies, outlining a year full of challenges and opportunities.
With the arrival of regulatory changes, improvements in infrastructure and the emergence of new trends, an exciting scenario is expected in the universe of digital assets.