In 2024, the crypto industry experienced significant changes. Bitcoin entered the mainstream, and interest in altcoins grew substantially despite challenges.
Bitcoin as Digital Gold
2024 was a pivotal year in Bitcoin's history. For the first time, digital gold surpassed the $100,000 mark. ETFs launched at the beginning of the year accumulated over 1 million BTC. Governments worldwide began to discuss including Bitcoin in national reserves. However, analysts do not expect Bitcoin's market share to grow further as stablecoins already account for 17.5% of the total cryptocurrency market capitalization while Bitcoin's share is about 60%.
Growing Interest in Altcoins
In 2024, the market capitalization of altcoins surged by 76%, exceeding $1.5 trillion. Institutional investors focused on Bitcoin, while retail investors showed an interest in meme coins. Major cryptocurrencies like SOL, XRP, SUI, and TON significantly influenced this dynamic. Meme coins emerged as the most successful segment with cumulative price growth around 1600%. AI projects and Real World Assets (RWA) took important places as well. Analysts predict a long-awaited altcoin-centric phase among traders as Bitcoin's dominance decreases in 2025.
Bridging TradFi and Blockchain
The RWA (Real World Assets) segment demonstrated unprecedented growth due to advancements in blockchain technology and increased institutional adoption. The total value of tokenized assets rose by 85%, surpassing $19 billion. The most popular category was private loans with a share of 49.9%. Analysts predict that the RWA segment could reach a market capitalization of $50 billion by 2025.
The year 2024 marks the beginning of a new era in the crypto industry with rising Bitcoin dominance and growing interest in altcoins. Key market segments are expected to continue developing in 2025, integrating technologies into mainstream industries.
