As usual, many leaders in the cryptocurrency industry made various predictions last year, trying to forecast trends for the upcoming 12 months. Let’s take a look at which ones didn’t materialize. What about the altcoin market At the end of 2023, representatives from VanEck predicted that Ethereum (ETH) would outperform major tech stocks. This didn’t happen — over the past 12 months, the price of the second-largest cryptocurrency grew by only 45%, and its market cap rose to $402 billion. During the same period, stocks like Google and Microsoft, for example, increased by 39% and 15%, respectively. Nevertheless, their market capitalization still significantly exceeds Ethereum’s — $2.3 trillion and $3.2 trillion, respectively. VanEck also predicted that Solana (SOL) would enter the top three most capitalized cryptocurrencies on the market. Unfortunately, the asset remained in sixth place. However, in the summer of 2024, it did manage to climb higher — to fourth place. At Bitget, they predicted a bright future for the native token of the Ordinals project — ORDI. Despite its success in 2023, in 2024 it seems to have been largely forgotten. Experts expected the coin to enter the top 30 assets by market capitalization, but as of this writing, it occupies the 147th spot by that metric. NFTs didn’t live up to expectations Amid optimistic views on ORDI’s performance, Bitget also forecasted a 100% growth for the bitcoin-NFT market. Since the beginning of 2024, the sales volume of non-fungible tokens (NFTs) created on BTC has dropped from $15 billion to $4 billion. At Bitwise, they predicted that Taylor Swift would launch her own NFT collection in 2024. Analysts explained this by the interest from the streaming service Spotify, where the singer ranked first in the number of listens, in non-fungible tokens. However, the singer has yet to do so. Other unfulfilled predictions VanEck predicted that in 2024, the cryptocurrency exchange Binance would lose its leadership position. Earlier, the platform indeed faced serious difficulties, leading many to predict its downfall. However, nothing major happened, and the crypto platform maintained its leadership. Additionally, the banking giant JPMorgan did not launch its own on-chain fund, as was discussed by Bitwise.
What crypto forecasts for 2024 didn’t come true
