Fun

Crypto Market Outlook: VanEck Issues 10 Predictions, Including Bitcoin Nearing $200,000

News Feed - 2024-12-15 11:12:48

Este artículo también está disponible en español.


As speculation swirls around the future trajectory of Bitcoin (BTC) and the broader cryptocurrency market, asset management firm VanEck has released a set of predictions that bolster optimism for continued upward momentum.  VanEck Forecasts Bitcoin Soaring To $180,000


VanEck predictsthat the crypto bull market will reach a “medium-term peak” in the first quarter of 2025, followed by new all-time highs by the year’s end. The firm estimates Bitcoin could soar to approximately $180,000, while Ethereum(ETH) may exceed $6,000, Solana (SOL) could surpass $500, and Sui (SUI) might reach over $10.


The report further suggests that the United States will begin to embrace Bitcoin as a strategic reserve asset, as President-elect Donald Trump promised, anticipating an increase in overall crypto adoption.  Related Reading Australia’s Biggest Pension Fund Makes Historic $17M Bitcoin Investment, A National First 2 days ago


With anticipated changes in leadership at the Securities and Exchange Commission (SEC), numerous spot crypto exchange-traded products(ETPs) are also expected to be approved. This includes Ethereum ETPs featuring staking options, as well as in-kind transaction capabilities for both Bitcoin and Ethereum.


Per the report, the asset manager forecasts that the value of tokenized securities will exceed $50 billion in the coming months, following a 61% growth to $12 billion throughout this year. 


Most of this value currently resides on permissioned chains, but 2025 is expected to be a breakthrough year, particularly as organizations like the Depository Trust & Clearing Corporation (DTCC) explore bridging public and private blockchains.


The firm projects that stablecoins will revolutionize payment systems, with daily settlement volumes potentially tripling to reach $300 billion by the end of 2025.


This growth, driven by increased adoption in global commerce, remittances, and integration with major technology and payment networks, would position stablecoins to handle transactions equivalent to 5% of DTCC’s daily volumes. DeFi To Hit All-Time Highs


Another intriguing prediction is the rise of one million new AI agents, which VanEck describes as “digital workers” that autonomously execute tasks or make decisions.


These agents are expected to generate significant on-chain activity as they expand their roles beyond decentralized finance(DeFi) into areas such as social media, gaming, and consumer applications.


VanEck anticipates that Bitcoin Layer-2 solutions will accumulate a total value locked (TVL) of 100,000 BTC, building on an impressive 600% growth in 2024 that brought the TVL to 30,000 BTC. 


The report forecasts that Ethereum’s blob space will generate $1 billion in fees, spurred by the rapid adoption of Layer-2 solutions, rollup optimizations, and high-fee use cases such as tokenized assets and enterprise applications.


VanEck predicts that decentralized finance (DeFi) will hit all-time highs, with decentralized exchange(DEX) volumes reaching $4 trillion and total value locked in DeFi rising to $200 billion. 


This growth will reportedly be fueled by AI-related tokens, consumer-facing decentralized applications (dApps), and the tokenization of assets that drive liquidity and user adoption. Related Reading Solana Price On The Rise: Key Resistance At $235 Could Spark Major Breakout 2 days ago


The non-fungible token (NFT) market is expected to rebound, with trading volumes projected to reach $30 billion in 2025. Despite recent downturns, standout projects like Pudgy Penguins and Miladys have managed to thrive by leveraging strong community ties and transitioning into consumer brands.


Finally, VanEck forecasts that decentralized application (dApp) tokens will narrow the performance gap with Layer-1 tokens.


In 2024, Layer-1 blockchain tokens outperformed dApp tokens by a factor of two, but innovative dApps in artificial intelligence and Decentralized Physical Infrastructure Networks (DePIN) are anticipated to drive a shift in performance dynamics. The daily chart shows BTC’s price surging above $100,000. Source: BTCUSDT on TradingView.com


At the time of writing, the market’s leading crypto has managed to reclaim the $101,820 level, recording a 2% increase in the 24-hour time frame. 


Featured image from DALL-E, chart from TradingView.com

News Feed

Meme Coin Market Cap Loses 3.5%, Top 2 Leaders Dogecoin, Shiba Inu Shed Billions
Meme Coin Market Cap Loses 3.5%, Top 2 Leaders Dogecoin, Shiba Inu Shed Billions While crypto-asset markets have shed billions during the last week, the top meme tokens coins by ma
Hierarchies of Money: Why You Use Bank Money But the Bank Wants Reserve Currency
Hierarchies of Money: Why You Use Bank Money But the Bank Wants Reserve Currency While people tend to think of money as being all the same, the fact is governments and banks use
Brian Quarmby2 hours agoNifty News: Adidas unveils resident Web3 artists, Mutant Ape sells for 500 ETH and moreYuga Labs is gearing up to launch a new game in the Otherside metaverse, but it’s not 3D, while NFT trading
Memecoins, RWA, AI lead crypto narratives in Q2 2024
Helen Partz9 hours agoMemecoins, RWA, AI lead crypto narratives in Q2 2024Memecoins, RWA and ARI captured 36% of all CoinGecko web traffic categories in the second quarter of 2024.946 Total views6 Total sharesListen to a
Can Unlimited Fiat and Governments Suppress Bitcoin’s Price? 2 Analysts Discuss the Theory and Odds
Can Unlimited Fiat and Governments Suppress Bitcoin’s Price? 2 Analysts Discuss the Theory and Odds The price of bitcoin has dropped 72.9% in USD value since the crypto asset
Shellfish Plant Is Putting Scallops on IBM’s Food Tracking Blockchain
A seafood plant is working with IBM to track the provenance of fresh scallops using blockchain technology. The Raw Seafoods plant in Fall River, Massachusetts, is collaborating with
MContent Collaborates With PwC for a First of Its Kind Cineverse Experience
MContent Collaborates With PwC for a First of Its Kind Cineverse Experience press release PRESS RELEASE. DUBAI, UAE:MContent has announced the arrival of the Cineverse to the world
Bitcoin’s Total Hashrate Slides Lower in December as BTC Miners Struggle for Profits
Bitcoin"s Total Hashrate Slides Lower in December as BTC Miners Struggle for Profits While bitcoin prices have been lower than the estimated cost of bitcoin production, the network
Major Russian Bank Sberbank Files Application to Launch Its Own Stablecoin — Possibly Pegged to the Fiat Ruble
Major Russian Bank Sberbank Files Application to Launch Its Own Stablecoin — Possibly Pegged to the Fiat Ruble A major Russian bank revealed an upcoming digita
South Korea crypto body says mass token delistings ‘unlikely’ amid new laws
Jesse Coghlan3 hours agoSouth Korea crypto body says mass token delistings ‘unlikely’ amid new lawsSouth Korea’s incoming crypto investor protection laws will see local exchanges review over 1,300 listed tokens ove
Tom Blackstone1 hour agoUS Stocks rise for third straight day as bond yields fallTreasury yields declined, giving stock market bulls new momentum.290 Total views3 Total sharesListen to article 0:00Vintage FinanceJoin us
If SEC approves spot Ether ETFs, many ‘will be caught severely offside’
Ciaran Lyons1 hour agoIf SEC approves spot Ether ETFs, many ‘will be caught severely offside’Coinbase institutional research analyst David Han believes “there is room for surprise to the upside on this decision.”