Startling! This is the Crypto Market Prediction in 2024: What Will Happen?

2024 is predicted to be a year full of surprises for the crypto market . With so many predictions circulating on Crypto Twitter , you might be wondering what will happen. Let's review some of the most talked about predictions and how they could influence your future investment decisions. Check out the complete news below!

Big Changes at Leading Crypto Exchanges

Binance , long known as the king of crypto exchanges , looks set to face a tough year in 2024. After the FTX crash in late 2022, Binance saw its market share drop by 20% through November 2023. However, Binance has been leading in daily volume since 2017, which shows its resilience despite facing challenges.

On the other hand, Coinbase appears to be having a bullish year. The exchange has been active in layer-2 initiatives and international expansion efforts. Coinbase has also managed to avoid the legal troubles that have ensnared many of its competitors, which has reflected positively in its financial performance, with COIN shares up 376% over the year.

New Trends and Surprises in the Crypto Industry

JPMorgan may dive deeper into the crypto world in 2024. The giant bank's Onyx blockchain division has been experimenting with portfolio tokenization on permissioned blockchains. This shows a growing interest in integrating traditional finance with blockchain technology , although CEO Jamie Dimon has a critical stance towards cryptocurrencies .

Bitcoin is also a hot topic with an appreciation of 159% in the last year. With the SEC's decision regarding spot ETFs from Ark and 21Shares as well as the anticipated halving in April, analysts are predicting long-term price increases despite the possibility of a short-term price decline following ETF approval.

Crypto and TradFi Integration : The Future of Finance

The integration between traditional finance ( TradFi ) and decentralized finance ( DeFi ) is increasingly evident. Large financial institutions are starting to recognize the potential of crypto services to increase the added value of their technology. In 2024, we will see more announcements from large investment houses and financial services companies about how they plan to use this technology.

Additionally, with clearer regulations and growing institutional interest, digital currencies including central bank digital currencies ( CBDC ) are likely to grow in popularity. Fintechs will look for innovative ways to incorporate digital currencies into their offerings, and traditional financial institutions will likely increasingly explore partnerships and services related to the crypto space .

The year 2024 is expected to bring dramatic changes and breakthroughs in the crypto industry . From the changing fortunes of major crypto exchanges to the emergence of new players like BONK, the landscape is evolving rapidly. Bitcoin's journey, along with the rise of NFTs and the possible entry of institutions into crypto , adds layers of complexity and excitement.

As always, Crypto Twitter remains the ultimate barometer, providing a mix of insightful, humorous, and sometimes outlandish predictions that keep the crypto community engaged and speculative.