In 2024, the cryptocurrency market experienced significant developments and changes in various aspects, with several key points regarding token flow signals and market sentiment worth noting:
1. **Approval and Impact of Bitcoin ETF**: The approval of the Bitcoin ETF in 2024 had a significant impact on market sentiment. The launch of the Bitcoin ETF greatly boosted market sentiment, leading the cryptocurrency market to experience a robust growth phase in the first quarter. The price of Bitcoin skyrocketed to an all-time high of $73,000, showcasing the market's positive reaction to the Bitcoin ETF.
2. **Token Unlocking Amount and MEME Coin Performance**: Throughout 2024, the token unlocking amount reached $82 billion. Among these, the return rate of MEME coins reached as high as 536%, far surpassing the performance of Bitcoin and Ethereum. However, it is noteworthy that the long-term success rate of Memecoins is very low, with 97% of MEME coins ultimately "dying," and an average lifespan of about 1 year.
3. **Shift in Market Sentiment**: At the beginning of 2024, market sentiment was primarily influenced by low liquidity, high FDV tokens, but by mid-year, a shift occurred. The differentiation in investor preferences was reflected in the transition from short-term, low-market-cap tokens with locked ownership plans to fully unlocked, community-driven meme coins.
4. **Performance of Bitcoin and Solana**: Bitcoin outperformed traditional asset classes and other cryptocurrency assets in 2024, with a yearly increase of 125%. Solana (SOL) led the market multiple times during the same period, ending the year with a 78% increase.
5. **Predictions for 2025**: Looking ahead to 2025, it is expected that over $150 billion worth of tokens will be unlocked. The market anticipates that the price of Bitcoin may reach $210,000, and the total market capitalization of cryptocurrencies could expand to $7.5 trillion.
In summary, the cryptocurrency market in 2024 experienced significant developments and changes in various aspects, which not only affected market sentiment but also indicated future trends in the industry.
