Like VanEck, Bitwise and Bitget before it, the Messari platform recently published a fairly exhaustive summary on the subject of crypto in 2024. The company projects what, according to it, should be the major trends of this perpetually developing market. Messari addresses, in 10 main points, almost all segments of the crypto industry. From investment to peer-to-peer infrastructure, including layers-1, CeFi, DeFi, crypto products and even the personalities of the crypto sector to follow in 2024. You will have understood, the Messari’s projections, which cover 192 pages, pursue the goal of completeness. This is absolutely not the aim of this article which intends to review some of the most relevant points raised without any concern for exhaustiveness.
Messari’s crypto investment projections in 2024
On the question of crypto investment trends in 2024, Messari was obviously interested in bitcoin (BTC) among others. Based on the historical performance of BTC, the company expects the asset to outperform established assets. This with a potential target of $600,000 in 2024 under the effect of macroeconomic factors.
Messari also spoke about Ethereum, whose future is more uncertain. Ethereum is certainly the leader in the smart contract market, but its position could be challenged by emerging alternatives, such as Solana. More generally, Messari believes that the future of cryptos is a little uncertain. Certainly, this sector is dominated by BTC, ether (ETH) and stablecoins, together representing 75% of the crypto market. Despite this state of affairs, it cannot be ruled out that much lesser known projects will become more important in 2024.
The first 10 crypto projects to follow in 2024
In the dynamic crypto landscape, several major developments stand out. Messari cites by name 10 projects with strong potential for demarcation in 2024. This is the case of Tether (USDT) on Tron. This is also the case for Coinbase Base, Celestia, Firedancer, Farcaster, Grayscale GBTC, Chainlink, Lido, Blur and Project Guardian.
Messari believes that these 10 projects, with the potential that characterizes them, represent trends that could have a significant impact on the future of cryptos. Investors should be prepared to adapt to this eventuality. Especially as the crypto ecosystem continues to evolve, promising more exciting developments in the coming year.
Messari’s 2024 projections in the DeFi sector
The crypto segment of decentralized finance (DeFi), which represents just 0.01% of global financial assets, has proven resilient in the face of market challenges. Mainly after Luna and FTX collapsed. Despite possible increased regulatory oversight, Messari believes that its characteristics of transparency, instant settlement and profitability should give it sustained growth. The company believes that aggregator projects such as 0x and 1inch should be closely observed. It anticipates transformative developments in 2024 despite the drop in investments. These developments are potentially driven by innovations such as the Lightning Network, emerging protocols for flows, smart payments, among others.
What about Messari’s 2024 forecasts in terms of regulation?
In this regard, Messari issues a warning, recognizing the political nature of crypto and its controversial aspects linked to political politics. The company notably elucidates the conditions necessary for the success of the American crypto sector, particularly in the run-up to the crucial 2024 election. Stressing that the United States is a key battleground for crypto, Messari says that the leaders of the industry must be ready to fight in 2024. The firm highlights global regulatory challenges for crypto, emphasizing the need to defend the free and open internet of finance. Messari also emphasizes the importance of winning the cultural information war for the long-term success of the crypto ecosystem.
What can we say about consumer crypto trends in 2024?
When it comes to consumer cryptos, Messari notes that Despite market turbulence, key investments in DeSoc platforms like OpenSea and Blur are expected to strengthen. The property economy appears sustainable. According to Messari, NFTs and public blockchains must track the provenance of AI-generated content into uncharted territory. Highlighting their role in an AI-driven future, the company affirms the importance of protecting digital assets from institutional encroachment. Furthermore, mainstream crypto applications could position themselves as vital infrastructure. In any case, Messari considers them crucial to seizing future opportunities in this rapidly changing landscape.
Crypto personalities to follow in 2024 according to Messari
Messari stands out on this point, compared to projections previously made by VanEck, Bitwise and Bitget. The company introduces a new list of people to watch in the crypto space. This, highlighting the risks associated with such recognition, including legal problems, depositions and financial crises.
In the past, notable figures have been sentenced to prison or faced legal allegations, such as Sam Bankman-Fried of FTX, and CZ of Binance. Messari notably correctly anticipated the challenges from CZ and Brian Armstrong of Coinbase.
Messari’s list of crypto figures to watch in 2024 includes traditional finance figures like BlackRock’s Larry Fink and ARK Invest’s Cathie Wood. It also includes political players like Senator Elizabeth Warren and those linked to her. The company also mentions what it calls “DeFi gangs”. She cites crypto entrepreneurs like meow (Jupiter), Lucas (Jito), Mert (Helius), Armani (Backpack/Mad Lads), vibhu (DRiP), Edgar (MarginFi), Cindy (Drift), Bartosz (Cube).
“There are a lot of people from TradFi, RWAs and politics, and a few crypto natives. It reflects the times in which we live. As crypto seeks to cross the divide and avoid the political catastrophes that would lead to a version 2.0 of closed-source fintech, the battlegrounds are in the true halls of power. 2024 will determine whether we make it to the big leagues or whether we’ll be relegated to fighting over toys at the kids’ table.”concludes Messari on this point discussing the crypto personalities to follow in 2024.
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