Singapore-based cryptocurrency exchange Crypto.com shared its 2024 analysis for the cryptocurrency market.
Crypto.com shared its 2024 expectations for the cryptocurrency market. Crypto.com report states that despite all macroeconomic disruptions, 2023 will be full of rises for the cryptocurrency market. More positive signals for 2024 gave place.
In the report 2024 for the cryptocurrency industry during the year adoption will increase and the number of people holding cryptocurrencies globally up to 900 million It was emphasized that it could increase:
Depending on market conditions, we expect the number of global crypto holders to reach 700 – 900 million in 2024.
In the report presented by the stock exchange, it is seen as one of the most important events of 2024. Bitcoin halving was shown. Stating that the reward given to miners will decrease and a new wave of shortage may occur, the report argued that this situation could create upward pressure.
The report also Approval of spot Bitcoin ETFs He emphasized that in this case, more institutional investors will enter the market and adoption may increase like an avalanche. of this situation real world entities And large-scale blockchain interaction It was stated that it may bring
on the other hand Ethereum Dencun upgrade While it was stated that it will gain an important place in 2024, it was stated that this will make the Ethereum network faster, scalable and useful. The report states that this development process in Ethereum may have a positive impact on the price It was predicted.
Moreover BlackRock big companies like spot Ethereum ETF While it was reminded that it had also applied for the Ethereum price, it was stated that a possible approval could serve as a lifeline for the Ethereum price.