In 2024, the cryptocurrency market will face both opportunities and challenges. The cryptocurrency market is under the dual pressure of regulation and market sentiment, but it has also made many breakthroughs, and technological innovation and market trends are moving towards maturity. Below, we analyze the dynamics of the cryptocurrency market in 2024 and look forward to development in 2025.

Market volatility and uncertainty: The global economic environment and geopolitical instability have increased investors' risk aversion and impacted the cryptocurrency market. Bitcoin prices fluctuated sharply, falling below $50,000 on August 5, with a daily drop of 15%. More than 270,000 people were liquidated, with an amount exceeding $1 billion. At the same time, regulatory policies vary greatly among countries, corporate compliance costs have increased, and cross-border operations have become more complicated.

DeFi's strong return: DeFi will return strongly in 2024. In the third quarter, the total value of DeFi locked in TRON exceeded $16.8 billion, second only to Ethereum. Although TVL fluctuated, it grew overall. JustLend and other protocols promote ecological development, the SunPump platform has increased the activity of DeFi, and the entry of institutional investors has also brought funds and regulatory development momentum.

Deep integration of NFT and Metaverse: In 2024, NFT and Metaverse will be deeply integrated. As a digital asset identifier, NFT provides ownership proof and value bearing for Metaverse virtual assets. Users can purchase NFT to obtain virtual items, land, etc., and realize asset transactions. The characteristics of NFT inject vitality into the virtual economy of Metaverse, promoting creation, trading and collection.