Sushi's 2024 Crypto Predictions Mega Summary

A compilation of top predictions from the industry

Inspired by CoinMarketCap, we've delved deep to bring you an extensive list of crypto predictions for 2024. This compilation includes insights from renowned sources such as Messari, Coindesk, JPMorgan, Forbes, and Economic Times, alongside valuable predictions from Bitwise, VanEck, Binance, Andreessen Horowitz (A16z), and Coinbase.

Common Themes:

A. Growth & Legitimization of Bitcoin $BTC:

The 4th Bitcoin Halving in April 2024 is expected to boost Bitcoin's price (VanEck).
Bitcoin's need for technological evolution (CoinDesk).
Major step towards mainstream adoption with spot Bitcoin ETF approval (Forbes).
Predictions of new all-time highs over $80K (Bitwise).
A conservative price target of $60,000 (Forbes).

B. Ethereum's Continued Dominance & Development:

Ethereum's revenue expected to double to $5 billion (Bitwise, JPMorgan).
Leading in TVL with Layer 2 networks (VanEck).
Maintaining dominance but not surpassing Bitcoin in market cap (VanEck).
Importance of compatibility and interoperability (Messari).

C. Expansion of DeFi & NFTs:

Growth in DeFi focusing on user experience, security, and scalability (Messari, Economic Times).
NFT expansion into real estate, gaming, IP, and beyond (Economic Times, A16z, CoinDesk).
Anticipation of a more robust and user-friendly DeFi landscape (Economic Times).

Sushi's 2024 Outlook

Sushi is set to redefine the landscape of DeFi in 2024, with a strong focus on advancing on-chain trading technologies. The core focus is a relentless commitment to improving both user experience and security, ensuring that users enjoy seamless trading and benefit from robust safety measures. Key to this exciting journey is the introduction of Algebras v4 Integration, which will outpace and outperform Uniswap V4, the implementation of on-chain perpetual futures trading and more on the pipeline. These innovations promise to bring unprecedented functionality and efficiency to the DeFi space, reinforcing Sushi's position as an innovator in the industry.

Check out the full summary and the links below:

Messari's CRYPTO THESES 2024

Political Influence on Crypto: Recognition of regulators' power in the U.S. and globally to shape the crypto industry.
Bitcoin, Stablecoins, and CBDCs Focus: Bitcoin as the dominant financial force, potential resurgence of algorithmic stablecoins, and the impact of retail-focused CBDCs.
CeFi's Resurgence in Infrastructure: Centralized financial services in crypto to grow, with renewed institutional interest.
Layer-1 Competition: Ethereum's advancement alongside the importance of compatibility and interoperability in a multi-blockchain world.
Growth in DeFi: A gradual, significant upgrade in the DeFi landscape, moving towards more regulation.
The Ownership Economy's Persistence: Importance of consumer crypto applications as critical infrastructure.
Advancements in Peer-to-Peer Infrastructure: Significant progress in crypto wallets and DAO governance, leading to a new era in crypto adoption.
Innovation in Bear Markets: The use of bear markets as productive periods for building new applications and platforms.

CoinDesk's Crypto 2024: The Year Ahead

Continued expansion and fluctuating trends for Bitcoin.
Significant Web3 adoption driven by evolving NFT projects.
Increase in real-world asset tokenization, with Ethereum benefiting.
Asia leading the next crypto adoption cycle with strong Web3 scenes.
Greater regulatory dialogue and progress, especially with agencies like SEC and CFTC.
Speculative trends on project airdrops and potential actions by crypto companies.

JPMorgan's Perspective for 2024

Cautious stance on cryptocurrency markets.
Ether expected to outperform bitcoin and others.
SEC's decision on spot bitcoin ETFs unlikely to spur major gains.
Ether's appeal linked to the EIP-4844 upgrade.
Tentative reinvigoration in venture capital funding.
Limited impact of DeFi on traditional finance.

Forbes' 2024 Predictions For The Crypto Sector

Improvement in crypto accounting rules.
Expected approval of a spot bitcoin ETF.
Tether facing a crucial year with audit or increased delisting.
U.S. banks expanding tokenized payments.
Bitcoin price expected to top $60,000.

Economic Times' The future of crypto: Top trends for 2024

Mass adoption and mainstream recognition of cryptocurrencies.
Development and implementation of Central Bank Digital Currencies (CBDCs).
Focus on interoperability and cross-chain solutions.
Enhanced security measures in the crypto industry.
Evolving and diverse regulatory landscape.
Maturation of the DeFi sector.
Expansion of NFT use cases beyond digital art.

Bitwise’s The Year Ahead: 10 Crypto Predictions for 2024

Bitcoin reaching new all-time highs, possibly above $80,000.
Successful launches of Bitcoin ETFs.
Coinbase exceeding market expectations in earnings.
Stablecoin transaction volumes surpassing Visa.
Potential tokenization of a fund by J.P. Morgan.
Doubling of Ethereum's revenue to $5 billion.
Taylor Swift potentially launching NFTs.
AI assistants increasingly using cryptocurrencies.
Rise of prediction markets in crypto.
Major Ethereum update significantly lowering gas fees.

VanEck’s 15 Predictions for 2024

Bitcoin's resilience, maintaining value above $30k.
Price boost from the 4th Bitcoin halving.
Bitcoin reaching new all-time highs by Q4.
Strong performance of Ethereum but not surpassing Bitcoin.
Dominance of Ethereum’s Layer 2 networks.
Rebound in the NFT market.
Growth of Decentralized Exchanges (DEXs).
Innovations in blockchain-based remittances.
A blockchain game surpassing 1 million daily active users.
Solana becoming a top 3 blockchain by market cap.
Growth in Decentralized Physical Infrastructure Network protocols.
Increase in corporate crypto holdings.
KYC integration in DeFi.
Various Ethereum and blockchain gaming predictions.

Binance’s Top Crypto Trends for 2024

Growth and innovation in Bitcoin, including NFTs and memecoins.
Increase in top stablecoins' supply.
NFT market resurgence.
Rising fees generated by top crypto projects.
Ethereum maintaining dominance, with potential from Solana and TonCoin.
Traction for SocialFi, blending DeFi and social media.

A16z's : A few of the things we’re excited about in crypto (2024)

Decentralized coordination and innovation reaching unprecedented levels.
Rise of the modular tech stack for innovation.
Balance between decentralized blockchains and AI centralization.
Evolution of "play and earn" games.
NFTs as digital brand assets by established brands.

Coinbase's 2024 Crypto Market Outlook

Bitcoin's dominance driven by traditional investors and potential US spot bitcoin ETFs.
Emphasis on building Web3 infrastructure.
Ethereum maintaining dominance in smart contract platforms.
Growth in Layer-2 solutions adopting a modular approach.
Developments in validator middleware.
Emergence of alternative payment solutions and cryptocurrencies.
Focus on reducing USD reliance and discussions on the U.S. economic outlook.
Clearer U.S. crypto regulations needed.
Tokenization in financial sectors and Web3 gaming revival.
Focus on decentralized physical infrastructure networks.
Advancements in decentralized identity solutions.
User experience improvements in the crypto space.

Sushi is building a comprehensive DeFi ecosystem! Follow our socials to keep up with our product launches and find out more on how you can make the most of your cryptocurrency assets with Sushi’s secure and powerful DeFi tools!