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Crypto Market Insights in 2024
Introduction
Crypto market insights in 2024 – it’s time to take a closer look what happen on cryptocurrency market in 2024! As like always, I would write rough data with some opinions of mine about market and about crypto industry itself.
I take care about reliable and useful information presented, especially your all of you readers! After all of that written it’s time to exploration. Not so much difficult, because it about things what already happened. Ok, enough bullshit, let’s get to the work.
Finally, please comment and share. Only if you do it I can still develop this website for better.
Crypto Market Insights 2024
We have 2024 behind and time to some insights. Of course, it would writing just about the most important things in my opinion.
OK, so first little bit about Bitcoin, then Ethereum.
Together they constitute approximately 67% of the total market. Then, altcoins and trends.
A lot of things happen…
Bitcoin Insights into Crypto Market
As like you can see on the graph first 3 months it was dynamic growth. In the middle of March happen consolidation. During this time pessimistic moods were among investors, but…
It’s was not only one thing what happen during that time.
25% of all capital disappeared from the market. That’s quite a lot for consolidation. In principle, this time should be defined first by correction and then by consolidation.
Then November came and the market returned to its upward trend. Many call this time a bull market, but it has been in full swing for several months now.
Well, how has the price of Bitcoin changed during this time?
The price jumped from $67,000 to the current ATH of $108,000. 57% growth in just 2 months! After such a strong increase, another correction had to occur. It’s good that it lasted only through December 2024.
Meanwhile, it’s a new year – 2025 and all Bitcoin has returned to around 100k, but more about that another time. As a summary, I will write that Bitcoin grew by 126.5% in 2024!
Ethereum Insights
A lot of investors can be disappointed about Ethereum performance during first part of bull run. As far as, till march there were quite strong bull market, but after that strong rejections and after growth we come back to the same point, in a case of price.
For those reasons, Ethereum growth in 2024 is 68,5%. Little disappointing, but for sure it’s not the end. I would expect, at lease double price on Ethereum at the end of bull run. Let’s see.
Finally, time switch to altcoins (altcoins without 10 Top cryptocurrencies).
Altcoins Insights
In a case of altcoins situation were similar like in case of Ethereum. I mean by that, growth, rejection and growth, again. As a consequence, growth is 87% in 2024. During short period of time (one month) altcoins season happen.
In this moment we have 59 according to altcoins season index.
Crypto Market Insights and Top Trends in 2024
One of the most important things for every trader or investor is narrative. Narrative is always driven by some kind of trends.
Obviously, the most dominant trend were meme coins, then artificial intelligence and real world assets. Those 3 trends took 35% of whole market capital.
To be honest, meme coins, Solana meme coins and Base meme coins were equal about 30 % of whole capital movements.
Solana overperform Ethereum drastically!
What about that Trends?
It’s always a good question if trends from bull run will still be so strong in rest of bull market.
And I will tell you… Nobody knows that. For sure, there will be still some narratives going on. I am not sure if all of them will be continued. Anyway, can happen that some of them they will.
Bears will wake up?
Because we are on the bull market there is always possible that bears take control under market. Let’s take a look what possible scenario do we have.
Bitcoin’s cyclicality
Till today Bitcoin cycles works like in clock! I am writing this, because that mean after this year can happen some king of crash on the market. Sonner or later it will! According to Bitcoin cycle it will happen in the end of 2025. How strong it will be I don’t know.
The last crash from 2022 it was 77% Bitcoin price down. The only thing I can be sure that it would not go lower that 77%.
Every crash on the market (what is natural part of market dynamic) is become lower Bitcoin price down. With all that writing I am switching to second scenario.
Economical soft landing
Economical soft landing is situation when government of USA avoid hard crash. In 2022 during a few banks bankruptcy there were a signs of recession.
For a lot of companies it was difficult time. GDP growth in USA it 2022 it was 1,94% up. Officially, recession not happen.
Preparation for the Great Reset
What about this great reset? in 2020 during Covid pandemic it was so popular phrase among people all around the world. It was a lot of said about this term.
Take a look for beginning of 2025. Almost nobody is interested of this topic anymore, but that mean this topic would be completely forgotten? Not really.
Debt in USA still is dynamically growing and that is main reason why this term was first time used. A lot of economical literature said that Covid time was beginning of the Great Reset.
Personally, I don’t think it will happen. I would be rather terrible scenario for all of us.
Crypto Market Insights and Economy
Just one reminder. Money in global economy always influence Bitcoin price.
I tell you exactly what I mean.
Bitcoin price growing when money M2 are growing.
When money M2 are taken from the market then Bitcoin price fall down. It’s not surprise, because Bitcoin is consider to be risky asset and investors are coming to cryptocurrency market when economical situation in global market is optimistic.
Crypto Market – Missing Point?
Is missing point on cryptocurrency market? There are any?
I have called it this subsection like that, because here I examine a few things. I will come back to NFT market, DeFi and some trends from last bull market.
I’m coming back to these trends, because I would like to explore how different it was first part of bull run in comparison to second part.
I will come back to NFT, DeFi and meme coins.
In 2021 NFT it was big deal, as far as DeFi! In case of meme coins it was some movement, but rather nothing special.
NFT growth in 2020 it was 299% (before the enthusiasm phase) and 2021 it was 26 000% (huge enthusiasm of investors). In case of 2024 it was far below of that, but on the market were reported slow growth in sales of projects.
Defi were growing quite strong in 2024 it was about 300%. In comparison to 2020 it was 1000% growth, and 2021 it was about 800% growth (till peak of bull market).
Conclusions
We have behind 2024 and a lot of happen of cryptocurrency market. During this crypto market insights I compared a few very important trends and mention about top 2 projects.
Crypto market insights should be for you only information about things what happen on cryptocurrency market. For sure bull market is not in the end, but after this bull run can happen something similar like in whole 2022 year. If that happen nobody knows.
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