Cryptocurrency-focused investment firm Pantera Capital shared its expectations for 2024 in the cryptocurrency industry.
Pantera Capital current in the reportshed light on the important points that may occur in the cryptocurrency industry in 2024. In this new year, metaverse, NFT, institutional adoption The company stated that they expect intense interest in the Bitcoin ecosystem. The equivalent of the bull cycle in 2024 also mentioned.
The report states that bull cycles have two distinct phases.first stage It was stated that it started with large inflows into Bitcoin and resulted in Bitcoin rising to new peaks.
second stage Stating that it was triggered by the money turning to altcoins as Bitcoin reached saturation. Pantera Capital, When entering the 2nd cycle altcoin market volume 60-70% It was noted that it could increase. Company, protocols that produce real values He pointed out that the underlying altcoins may gain significant value in the coming period.
On the other hand, historically when the altcoin market took over Outperforming Bitcoin It was emphasized that it attracted attention by exhibiting Pantera Capital plans for the altcoin market in 2024.phase 2He noted that they can start and turn into the best performing investment instruments of this year. From a historical perspective 2015-2018 Bitcoin in phase 2 of its cycle 18 floors Altcoins are gaining value A massive 239 times performance he had exhibited.
The company, which charted the past cycles, stated that Bitcoin 6 times in phase 1 of the 2015-2018 cyclewhile the altcoin market 4th floor revealed that it was rising. 2018-2021 Bitcoin in its cycle 11 floors altcoins gaining value 5th floor witnessed an increase. 2022-2023 In the short cycle between Bitcoin 2.8 timeswhile altcoins 1.7 times While it is stated that there is an increase The market may still be at the beginning of everything It was implied.
