Important names in the cryptocurrency industry shared their expectations for 2024.
2024 predictions about the cryptocurrency industry, which has hosted significant price movements and positive news this year, especially in the last few months, continue unabated. kraken, Avalanche (AVAX), Gnosis (GNO) Important actors of the cryptocurrency industry, such as, generally make their 2024 predictions positive He drew a picture.
talking about the subject kraken UK General Manager Bivu Dascrypto industry in 2024 Adoption will increase rapidly and especially argued that England would lead on this issue. Spot Bitcoin ETF process in the first quarter of next yeara positive return Stating that it will provide the market will remain positive he stated.
I see institutional trading volume increasing significantly in the UK market as more products and services come to market that meet the needs and expectations of institutional investors. This is supported by the Government’s Digital Securities Sandbox and recent work from the Asset Management Taskforce outlining a vision for the tokenisation of investment funds, which will accelerate the adoption of cryptoasset technology in traditional markets.
Another name that made a statement about the next year of the cryptocurrency industry is Ava Labs President John Wu happened. Wu said that especially the stablecoin market will become more active in 2024 and accordingly States’ first stablecoin transactions He said we could see.
Wu is among many in the industry waiting for a spot Bitcoin ETF to be approved, resulting in of Bitcoin market value next year will increase by 50% predicted.
In addition, artificial intelligence technology Web 3.0 Stating that it could make the industry safer, Wu also included the possibility that the opposite could happen:
Large language models are perfect for examining smart contracts and other vital code to ensure potential exploits are stopped before they start. DeFi attacks and smart contract exploits will become rare.
Gnosis (GNO) co-founder Friederike Ernstblockchain technology to a globally based payment method He argued that the practices and awareness of the practices working on it should be increased in order for it to transform. He stated that at this point, it is important to strengthen the user experience and increase security.
However, Web 3.0 How will it go next year? Ernst, who was undecided about the issue, made the following statements:
2024 will be the year when the Web 3.0 ecosystem will either rise to the challenge of delivering more user-friendly experiences or remain niche for another year. If Ethereum and other trustless blockchains are to become the global payment layer, the applications running on them need to be made available to a much wider audience.