COINTURK NEWSCOINTURK NEWSCOINTURK NEWS
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Search
© 2024 COINTURK NEWS. All Rights Reserved.
Reading: Crypto Giant VanEck Reveals 2024 Predictions for Bitcoin and Altcoins
Share
Languages
  • TürkçeTürkçe
  • EspañolEspañol
Font ResizerAa
COINTURK NEWSCOINTURK NEWS
Font ResizerAa
Search
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
COINTURK NEWS > Cryptocurrency News > Crypto Giant VanEck Reveals 2024 Predictions for Bitcoin and Altcoins
Cryptocurrency News

Crypto Giant VanEck Reveals 2024 Predictions for Bitcoin and Altcoins

In Brief

  • Managing assets of approximately $80 billion, VanEck shared 15 flash 2024 predictions for cryptocurrencies. The asset management giant expects 2024 to witness many developments that will positively impact Bitcoin (BTC) and altcoins in terms of price, network activity, adoption, and lead to the breaking of new records, particularly including the approval of the first spot […]
COINTURK NEWS
COINTURK NEWS 1 year ago
Share
SHARE

Managing assets of approximately $80 billion, VanEck shared 15 flash 2024 predictions for cryptocurrencies. The asset management giant expects 2024 to witness many developments that will positively impact Bitcoin (BTC) and altcoins in terms of price, network activity, adoption, and lead to the breaking of new records, particularly including the approval of the first spot Bitcoin ETF in the U.S.

Contents
Predictions for Bitcoin and Ethereum in 2024Stablecoin Market Cap to Exceed $200 BillionNotable 2024 Predictions for Crypto ExchangesSpecial Emphasis on 4 Altcoins: They Could Make a Mark on 2024

Predictions for Bitcoin and Ethereum in 2024

VanEck listed 15 crypto predictions for 2024 on its official X (formerly Twitter) account. The asset management giant foresees the expected recession in the U.S. and the approval of the country’s first spot Bitcoin ETF in 2024. The company predicts that the spot ETF will attract over $2.4 billion to the market in the first quarter of next year, strongly supporting the price of the largest cryptocurrency.

Among the company’s predictions is the eagerly awaited Bitcoin block reward halving. VanEck expects the major Bitcoin event expected to take place in April 2024 to cause minimal market disruption among miners and to increase the price of BTC, with the cryptocurrency expected to reach an all-time high in the fourth quarter of 2024.

The company also added that Bitcoin price reaching an all-time high in 2024 could be driven by political events and regulatory changes following the U.S. presidential elections.

VanEck also expects the Lightning Network’s Bitcoin Staking application to increase the use of Bitcoin’s blockchain for money transfers through new user-friendly staking tools.

The company predicts that Ethereum, the king of altcoins, will outperform Bitcoin throughout the year, with the network’s native asset ETH expected to perform better than major tech stocks. VanEck anticipates that the EIP-4844 upgrade to the Ethereum network will capture the majority of TVL and transaction volume on Layer 2 EVM Ethereum after the upgrade. The company also noted that other smart contract platforms are expected to take a significant share of Ethereum’s market.

In 2024, VanEck expects the NFT market to regain attention, reaching record levels of market activity with the leadership of Ethereum and the impact of Bitcoin’s Ordinals protocol. The company expects the ETH-BTC NFT issuance ratio to reach 3-1 by the end of the year.

Stablecoin Market Cap to Exceed $200 Billion

VanEck included predictions for stablecoins in its 2024 cryptocurrency forecasts. The company expects the market value of stablecoins to surpass $200 billion, reaching an all-time high during the year.

Furthermore, VanEck evaluates that the second-largest stablecoin, USD Coin (USDC), will regain lost market share and increase its market share significantly.

Notable 2024 Predictions for Crypto Exchanges

VanEck made a bold prediction that Binance will lose its spot as the number one spot trader with the entry of competitors such as OKX, Bybit, Coinbase, and Bitget into the leadership race. According to the company, Coinbase’s futures market volume could exceed $1 billion daily with the key importance of being included in regulated exchange indices.

VanEck also expects Coinbase to increase its Layer 2 revenues with the support of new accounting standards and the growth of the Layer 2 network Base Protocol, enabling the exchange to attract more institutional investors.

For decentralized crypto exchanges, VanEck predicts that the market share of spot trading on decentralized exchanges will reach record levels, with rapid Blockchains like Solana (SOL) and wallets enabling automatic transactions leading to increased acceptance of on-chain trading and self-custody.

Special Emphasis on 4 Altcoins: They Could Make a Mark on 2024

VanEck’s 2024 cryptocurrency predictions specifically highlighted 4 altcoins. The company expects the blockchain game Immutable X (IMX) to surpass 1 million daily players, leading to a wider adoption and climbing to the top of the market value rankings due to significant versions and the ease of use of the Immutable Passport wallet.

VanEck foresees a significant increase in the use of DePin networks in 2024. According to the company, especially with the collaboration of Hivemapper and Helium (HNT), Hivemapper will map significant distances and Helium will offer cost-effective alternatives to traditional infrastructures with the rapid expansion of the 5G network, leading to increased adoption.

The company predicts that Solana will enter the top 3 blockchains in terms of TVL and user count, and that with the increase in DeFi’s TVL and ETF interest, Pyth Network (PYTH) and Chainlink (LINK) will potentially surpass their TVS.

VanEck also expects leading decentralized crypto exchange Uniswap (UNI) to attract institutional volume by surpassing non-KYC compliant applications, leading to an increase in the price of UNI.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

You Might Also Like

Bitcoin Climbs Over Ichimoku: Will Other Cryptos Follow its Lead?

Bitcoin Surges to New Highs as Institutional Interest Intensifies

Coinbase Launches Round-the-Clock Bitcoin Futures in the US

Goldman Sachs Embraces Cryptocurrency with New Investments

U.S. Markets Fuel Surge in Cryptocurrency Values

COINTURK NEWS 8 December, 2023 - 2:08 am 8 December, 2023 - 2:08 am
Share This Article
Facebook Twitter
Share
Previous Article Sam Altman and the Launch of a $100 Million Crypto Fund
Next Article Jack Dorsey’s Financial Payment Processor Block Launches Bitcoin Wallet
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Stay Connected

8.1k Like
21.1k Follow
1.1k Follow

Latest News

Bitcoin Climbs Over Ichimoku: Will Other Cryptos Follow its Lead?
Bitcoin (BTC) Cryptocurrency News
Bitcoin Surges to New Highs as Institutional Interest Intensifies
Cryptocurrency News
Crypto Analyst Warns of Short-Term Correction in Ethereum and Solana
Ethereum (ETH)
Binance Spurs a Twist as Doodles Token Value Dips
Binance
//

COINTURK was launched in March 2014 by a group of technology enthusiasts who believe that Bitcoin will be as important as the internet in the world of the future thanks to the amazing technology underlying it.

CRYPTOCURRENCY LIVE PRICES

  • Bitcoin (BTC) Live Price
  • Ethereum (ETH) Live Price
  • Ripple (XRP) Live Price
  • Solana (SOL) Live Price
  • Dogecoin (DOGE) Live Price
  • Cardano (ADA) Live Price
  • Chainlink (LINK) Live Price

OUR PARTNERS

  • COINMARKETCAP
  • COINGECKO
  • BITCOINHABER
  • BH NEWS
  • 21MILYON
  • NEWSLINKER

OUR COMPANY

  • About Us
  • Cookie Policy
  • Advertising
  • Contact
COINTURK NEWSCOINTURK NEWS
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
Welcome Back!

Sign in to your account

Lost your password?