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 | GLOBAL CRYPTO MARKET CAP | |  | 24H CRYPTO MARKET VOLUME | |  | BITCOIN'S DOMINANCE | | |
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All data as of: 28 Dec 2023 10 AM UTC |
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Brace yourselves, Spotlight readers! As 2023 rides gloriously into the sunset, all eyes turn to what 2024 has in store for our beloved blockchain industry. And the meta-oracle visionaries wasted no time peering into their crystal matrices to trace crypto's fate in the coming year cycles. So, today we decided to compile all the latest predictions from venture capitalists, ETF experts, and crypto exchanges for crypto. Let's dive in! |
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Bitwise Bets Big on Bitcoin |
This digital asset manager has 10 predictions for 2024. Let's deeply examine two that could have the biggest impact: New peaks await Bitcoin – Bitwise forecasts BTC blasting past $80K thanks to the 2024 halving. This event slashes mining rewards, which previously sparked parabolic bull runs. Now pair supply shock with a long-awaited Bitcoin Spot ETF finally opening institutional floodgates in 2024 - and there we have a new ATH! Coinbase to crush earnings estimates – This model foresees COIN minting a revenue multiplier that would leave Wall Street's jaws on the floor. How? Expectations sit at 25% annual growth but Bitwise leaks that internally, a 10x explosion is on the horizon. With custody of the first spot BTC ETF possibly falling to Coinbase, exposure to a mammoth tsunami of fresh capital could hypercharge 2024 earnings! Bitwise also sees explosive expansions in... - Stablecoin payments rivalling Visa - Prediction markets - NFTs getting a boost from a big celebrity - Ethereum making progress by fixing its issues Other Bitwise's predictions are listed here (in an easy-to-understand manner)! |
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VanEck Envisions the Next Evolution |
VanEck dropped 15 predictions for our favorite asset class in 2024: Blockchain gaming breaks out – Visions swirl of at least one blockchain game surpassing 1 million daily active users. KYC comes to DeFi – In perhaps their spiciest take, VanEck predicts that KYC will be integrated into DeFi platforms in 2024 to invite liquidy from institutions. Beyond radical paradigm shifts, their researchers also predict... - Bitcoin holds strong above 30k even if recession strikes - Layer 2 TVL and transactions eclipse Layer 1 chains - Solana becomes the top 3 blockchain by market cap And about 10 more crypto predictions! Check out the rest of VanEck's predictions here! |
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And that brings us to our Word of the Day… It's TVL! TVL refers to the total value of assets deposited and locked into decentralized finance (DeFi) protocols. As users deposit cryptocurrencies into DeFi platforms, the dollar value of those locked assets increases. Higher TVL indicates greater adoption and usage of DeFi protocols. It also contributes to better liquidity, allowing users to trade tokens and earn yields more efficiently. But why do people use this as a measure of the performance of protocols? Read more! Now back to predictions! |
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Binance and Coinbase Go Bullish |
Of course, the crypto industrial complex's input matters the most. Both pillars of the crypto kingdom weighed in with their hot takes for the year ahead. Binance eyes six big trends for 2024 like the continuing ordinals craze on Bitcoin and a new era for stablecoins. They depict an ecosystem growing both vertically and expanding to new lateral spaces. Coinbase, on the contrary, focused on ETH dominance and evolving spaces like web3 gaming and tokenized real-world assets. Their visions remain punctuated by caution and regulatory priorities. Find the list of all predictions made by these two giant crypto exchanges! |
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a16z Envisions an Open Future |
a16z also put on their prediction hats, gazing into crypto advancements across decentralization, modular architecture and AI. Some of their bold 2024 prophecies include: Unprecedented growth in decentralized coordination and functionality as governance models evolve past the limitations of current DAOs. A shift towards modular open-source tech stacks that enable permissionless innovation across blockchains. AI and blockchain form a powerful combination where crypto democratizes access and web3 provides guardrails. Web3 gaming evolves from "play to earn" to "play AND earn" with fun and profitability. And a16z analysts go even further forecasting NFTs becoming brand assets for established companies. Follow this article for more a16z's crypto predictions! |
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The Gurus Have Spoken... While the future remains shrouded in mystery, one truth rings clear as crystal: this ride will be anything but boring! That wraps up today's newsletter. Check back tomorrow as we continue reviewing this year in crypto! |
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