Podcast Notes | Blockworks’ Outlook for the Crypto Market in 2024

Compiled by: Revelo Intel

Compiled by: Xiaobai Navigation Coderworld

In this episode of Empire aired on January 2, 2024, Yano and Santi discussed 2024cryptocurrencyMarket forecasts, the rise of Solana, the evolution of Ethereum, the NFT wealth wave, the future of DeFi, and more.

Background

Yano(Moderator)- Founder of Blockworks

Santi (Host) - Host of Empire Podcast

Blockworks - onecryptocurrencyNews, information and analysis platform

2024cryptocurrency预测： Solana、以太坊的挑战和 NFT Wave of Wealth

• Santi predicts 2024 to be a year of rising risks, with falling interest rates and increased liquidity, but expects a shorter cycle and is uncertain about the second half of 2025. He said that in 2024, funds will flow from money market accounts to the market, especiallySolanaand other chains, although the consumer market remains cautious.

• Yano questioned whether Santi’s predictions applied only to cryptocurrencies or to the broader market, sparking a discussion about election years, interest rates, and market predictions.

• Santi says Solana’s market cap will approach Ethereum, he elaborated on his belief in Solana’s potential value and discussed the possibility of Solana flipping Ethereum by the end of 2024. He highlighted the growth of Solana’s market share relative to Ethereum’s market share.

• Santi expects Solana will have an ICO movement similar to EthereumWealth Effect,Predictions are that as people invest in JPEG due to the wealth effect,NFT The reserve price will drop and rise sharply.

• Yano agreed with Santi’s prediction and added his own view that he foresees a huge wave of airdrops in the Solana and Ethereum ecosystems, and capital will flow into both ecosystems, especially Solana.

• Santi mentioned,JupiterThere will be multiple rounds of airdrops, thus increasing the activity and incentives of the ecosystem.

• Yano observed that in $JTOSolana NFTs have gained new wealth after the airdrop, indicating that new capital has led to investment in NFTs. He predicts that 2024 will be an important year for JPEG.

• Santi noticed that when wealth or prices surge, retail chatter tends to focus on NFT collectibles.

• Yano predicts that 2024 will see a massive influx of capital into NFTs, driven by successful crypto natives, especially after the wave of airdrops in Q1 and Q2 2024.

• Santi predicts that one or two Solana series may have a base price of $100,000 each. Yano agrees, specifically mentioning Mad Lads The potential of the series.

• Santi will Mad Lads and Solana Monkey Business Listed as a potentially high-value NFT, and the possible impact of the airdrop was discussed.

• Yano believes that Pudgy Such non-Solana NFTs will also thrive, but he is concerned about Yuga and Bored apes This raises a lot of money for projects that are bearish.

• Santi predicts that, driven by a clear vision and connection to the real world,PenguinsIt may perform better than Bored Ape in the NFT market.

• Santi predicts that in the Solana ecosystem, at least ten unicorn companies will emerge in different fields such as DeFi, NFT, games and artificial intelligence.

• Santi Pairs Launched on Solana FiredancerExcited, expecting it to address criticisms and improve chain efficiency and resilience. Yano detailed what Firedancer means to Solana in an article.

• Santi PredictionBitcoinBitcoin will be active again L2 The launch of will lead to increased activity in DeFi and other areas.

• Yano mentioned that there was no discussion Ordinals, and suggested that more Bitcoin-related content be launched in 2024. Santi agreed, noting theSafetyPotential budget impact.

Yano and Santi’s Crypto Predictions: ETFs, Staking, AI Mania, & DeFi Shifts

• Yano asked Santi aboutBitcoin ETFsYano expects there may be disappointments but also acknowledges the sales capacity of traditional financial institutions for such products.

• Yano asked Santi about staking since our last conversation. Santi said he was thinking about it and predicted that there might be a major vulnerability that would have a huge impact on staking.Safetyquestioning sexuality and vulnerability.

• Yano said staking will become the hottest trend in cryptocurrencies and compared it to DeFi summerHowever, tragic consequences are expected in the coming year, including major staking-related slashing events and liquidations.

• Santi predicts that as more and more projects are launched and arouse great interest, AI coins will reach the peak of craze and the market value will exceed 100 billion.

• Yano shared that his father wanted to buy Akash Networkto get the story of AI investment because he believes Nvidia Yano believes his father’s behavior is indicative of a trend for 2024.

• Santi expressed skepticism about institutional participation in cryptocurrency investment, believing that there is no clear difference between them and retail investors.

• Yano agreed with Santi, adding that institutions tend to follow retail patterns in the cryptocurrency market. He also mentioned his own lack of AI predictions.

• Yano predicts that under the leadership of DeFi OGs, DeFiXiaobai Navigation Will re-emerge and help cryptocurrencies go mainstream. He cited various projects and leaders in the space.

• Santi disagreed with Yano’s predictions about DeFi, expressing greater interest in Solana’s potential to capture DeFi activity.

• Out ofSafetyConsider that Santi predicts that Move The language of will receive more and more attention, thus affecting the L1 chain and EVM connection.

• Yano 赞同 Santi 的观点，他提到了对一个关注安全的项目的共同投资。

• Santi Prediction Solana The Support Virtual Machine (SVM) will be successful, and the potential for Ethereum to surpass the EVM is discussed.

• Yano supported Santi's prediction and discussed the challenges of developing tools beyond the EVM.

• Santi further predicted Ethereum’s developer activity and connectivity improvements, as well as IBC and Cosmos Obtain recognition.

• Santi spoke about the relevance of Cosmos in the cross-chain world and its potential to solve user experience challenges, emphasizing the importance of chain abstraction.

• Yano believes that Cosmos has been leading the industry in innovation for many years, noting that other companies have followed Cosmos’ lead while addressing the ecosystem’s perception issues.

• Santi acknowledged that there is a perception problem and highlighted some of the Cosmos ecosystemTokenHe discussed $ATOM ofTokenand other Cosmos components, agreeing that much research and future learning is needed.

• Yano predicted the future of Layer 2 technologies, believing that they will not solve interoperability issues in 2024, saying that due to Blast If successful, they may start to provide native yields.

• Santi predicts that EthereumCommunityThe narrative will shift from “supersonic currency” to another that suggests focusing on Ethereum’s role as the primary chain and discussing the impact of increased activity on other chains.

• Yano agreed, citing an article on how Ethereum is not “ultrasonic currency,” while Santi recommended some content sources to keep up with the fast-paced industry changes.

Banking and Crypto Synergy: The Evolution of Coinbase and Wider Market Trends

• Santi said,Coinbase It is transforming into a full-fledged bank and asserts its potential to be a top 10 global financial institution, with a valuation forecast to exceed $100 billion.

• He covered the multifaceted development of Coinbase, focusing on the ETF narrative, user onboarding, and funding non-speculative use cases, comparing its journey to the launch of the iPhone.

• Yano agrees with Santi’s prediction and shares the insights of big brands, saying that Coinbase’s Base It is regulated enterprise levelBlockchainAn important opportunity for application.

• Yano expresses interest in Coinbase expansion into personal and B2B banking, possible acquisition Mercury Such a company.

• Both spoke of their increasing use of$USDCBlockchainCircumstances in which payments and transactions are made.

• Yano predicts a big year for prediction markets, driven by skepticism of traditional polls, new user-generated market platforms, and the general election.

• Santi discussed the challenges facing prediction markets, including liquidity and user experience, and speculated on potential high-volume markets.

• Yano believes that the valuation gap between companies with tokens and those without tokens is growing, and predicts a decline in late-stage startups and a boom in token-based projects. Finally, they discuss the importance of game predictions and broader market catalysts and risks.

• Yano believes that a new wave of crypto-native media companies will emerge, noting that CoinDesk and Cointelegraph arrive Blockworks and Decrypt He hopes that these companies will integrate on-chain media.

• Santi agreed with Yano but noted that it takes more than a year to build a media company.

• Yano said some projects developed during the bear market will be valued.

• Santi sees gaming and ETF approvals as major catalysts for cryptocurrencies, and he highlights gaming’s potential for retail participation, as well as the importance of liquidity inflows from central bank actions.

• Yano predicts that social finance and music NFTs could be important catalysts, and raises the possibility of integration with platforms like Instagram.

• Santi stressed the continued relevance of meme coins, and the importance of marketing and brand building for the technology.

• Yano predicts that the United States will re-emerge in the cryptocurrency space, alternating with Asia as the center of cryptocurrency activity.

• Santi said the industry will always face challenges and battle barriers, suggesting they are timeless elements.

• Yano said tribalism in the market persists and could worsen in the coming bull run.

• Santi expressed his shifting allegiances between Ethereum and Solana, alluding to his changing opinions and affiliations in the cryptocurrency space.

• Yano asked how to make specific price predictions for Bitcoin, Ethereum, and Solana, as well as other related cryptocurrencies.

• Santi suggested starting the discussion of price predictions by looking back at the major cryptocurrencies’ previous all-time highs.

• Santi predicts that Bitcoin, Ethereum, and Solana will break their all-time highs in 2024.

• Yano shared his predictions, which, while slightly different in numbers, maintain a similar outlook on the market trajectory, while other cryptocurrencies, such as Avalanche ($AVAX) and Layer 2 solutions, which Yano believes are likely to receive significant attention and competition from the market.

• Santi analyzes the potential market cap impact they predict, reflecting on the liquidity and beta of young ecosystems and how they may disproportionately benefit from new capital inflows.

• Santi and Yano reflected on the possibility that the success of ETFs could diverge from the performance of the broader cryptocurrency market, focusing on potential future scenarios where Bitcoin becomes the dominant “doomsday trade.”

The article comes from the Internet:Podcast Notes | Blockworks’ Outlook for the Crypto Market in 2024

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