The Bitcoin reached new records last year. The asset manager Vaneck had correctly predicted these and various other developments a year earlier in his crypto view.
• Vaneck was correct with many crypto forecasts for 2024
• Forecasts concerned, for example, Bitcoin, Ether, Solana and StableCoins
• However, some expectations have not occurred, e.g. an NFT revival
The asset management company Vaneck had submitted various forecasts for the development of the cryptom market in 2024 at the end of 2023. A review shows that with a little more than half of it you were correct.
Advertising
Over 500+ cryptos and 3,000 digital assets
Bitpanda is the Bafin-licensed crypto broker from Austria and the official crypto partner of FC Bayern Munich. Create your account with just a few clicks and benefit from 0% deposit and withdrawal fees.
Debut from Spot-BTC-ETFs
On December 13, 2023, the fund provider predicted that Bitcoin-Spot ETFs will be approved in the USA in the USA in the USA in the USA. In fact, this historical event at the cryptom market occurred on January 10, 2024: The US stock exchange supervisory authority SEC approved the first Bitcoin Spot ETFs from various institutions. This also included that of the global asset manager Vaneck.
“Investors now finally have the opportunity to get involved in Bitcoin, with Vaneck, the first established ETF issuer who has applied for a Bitcoin-bound ETF. Bitcoin is one of the most important investment areas of CEO Jan van Eck for The year 2024, and the company-leading research team of the company sees a possible new all-time high for Bitcoin in the coming months, “said the asset manager a short time later in a press release.
Bitcoin-Halving runs smoothly
The fund provider was also correct with his forecast that the Bitcoin-Halving 2024, which takes place every four years, will take place without a larger split or missing blocks. Since April 2024, Schürfer has only received 3.125 BTC if you add a new block to the chain. The next reward hemation is likely to take place in 2028.
Bitcoin reaches all -time high in Q4 2024
Furthermore, the experts at Vaneck foresee that Donald Trump will recapture the office of US president. Therefore, they expected the Bitcoin price to reach an all -time high on November 9, 2024 – exactly three years after its last high. In fact, the original cryptocurrency was pleased with the new political framework in the United States and on November 10, on the Bitstamp platform, climbed over the threshold of $ 80,000.
Ethereum remains number two behind Bitcoin
The Vaneck analysts had also predicted that Ethereum (ETH) would not manage to outperform Bitcoin in 2024. In the meantime, it has been shown that ETH was able to grow by 46 percent in 2024. But as good as this appears at first glance, the second largest cyberdevise, after market capitalization, stayed far behind her big brother, the Bitcoin, a “Flippening” failed to materialize. The original cryptocurrency had climbed by an enormous 121 percent last year and even broke the $ 100,000 mark for the first time in its history.
ETH L2S will take most of the EVM compatible TVL and the volume according to EIP-4844
After the update EIP-4844, Layer 2 chains as from Vaneck are dominated by Ethereum activity. Unlike forecast, the L2 TVL (Total Valued Locked) is still below that of Ethereum. Thus, the Vaneck experts were only in semiconductor with their assessment a year ago.
Stablecoin market capitalization increases at record high
Vaneck also pointed out that one had correctly predicted that market capitalization of stable coins in 2024 would achieve a new all-time high at more than $ 200 billion. In fact, this brand could be cracked in December. This was due to various factors: In addition to a growing crypto market, these cryptocurrencies, which are supposed to maintain a stable value and are therefore usually bound to the US dollar, came to the good that there are more and more platforms on which they can be saved. You will also be increasingly used in the “real” world.
Dex market share at Spothandel will reach new all-time high
The Vaneck experts were also correct with their forecast, according to which the market share of decentralized stock exchanges (Dex) will climb a record high at the crypto-spot trade. In July 2024, this milestone for decentralization was actually reached. “Block-builder.de” reported that the market shares of the Dexs have climbed a record high after a remarkable upswing and exceeded that of the centralized stock exchanges (CEXS) for the first time. Many users would feel safer at Dexs, since they are less susceptible to government interventions and regulations, it was said.
Sol does better than ETH
Furthermore, it was preceded by Vaneck that “Ethereum killer” Solana will continue to perform better than ETH. The decentralized open source blockchain project Solana experienced a strong success series: Solana-Coin Sol, issued by the company in June 2021, climbed by 73 percent in 2024, but ETH only 46 percent.
Depin network is becoming increasingly popular
The forecasts for 2024 also included that several decentralized physical infrastructure networks (depin) will be significant. The idea behind this new trend of the crypto world is to decentralize networks of physical infrastructure, similar to Defi financial services. Infrastructure should belong to the community instead of a single, networks should be distributed, decisions in the collective are made, everyone should be able to participate and be rewarded for it.
The Vaneck analysts also had the right nose. According to a report on the Depin sector, created by Messari, a company for blockchain intelligence, over 13 million devices support depins every day. The number of active depin projects has almost doubled last year, with AI-based projects in particular driving this development, it said.
False forecasts
But in addition to all of these topics, there were also some forecasts in which Vaneck was next to it. The analysts had assumed that the monthly NFT volumes would approach a new all-time high when the return of speculators to Krypto. However, the once so much hyped NFTs did not experience a revival.
In retrospect, the following forecasts for 2024 also proved to be wrong: The fact that Binance will lose its throne as No. 1 among the central stock exchanges in the spot trade, that transfers and smart contract platforms will create a new Bitcoin return chance that a groundbreaking blockchain The game will come that a new accounting method will make crypto involvement of companies interesting again and ultimately that Kyc-capable (Know your Customer) and “Walled Garden” applications are gaining significantly in towing strength and with regard to user base and fees on non-not Kyc applications can be reached or even overtaking.
Editor finance.net