The year 2024 was transformative for the Web3 ecosystem, witnessing rapid advancements, significant market shifts, and evolving regulatory landscapes. This analysis highlights the key crypto trends that have defined the year, supported by relevant data and insights, providing early to medium-scale crypto investors with a comprehensive understanding of what has transpired in the Web3 space.
Trends Cloud
The Web3 and cryptocurrency market in 2024 witnessed a series of pivotal events from the approval of spot Bitcoin ETF to BTC price hitting the $100,000 landmark.The regulatory developments, macroeconomic events, and token launches this year has set the stage for future developments as well as the need to identify and resolve headwinds for the industry.
The U.S. SEC greenlights multiple spot Bitcoin ETF applications for trading on NYSE Arca, Cboe, Nasdaq driving mainstream adoption.
Solana blockchain becomes hotbed for launch of meme coins such as dogwifhat (WIF), Book Of Meme (BOME), and more.
Bitcoin halving grabbed global attention post Bitcoin ETF approval as mining rewards halved to 3.125 BTC.
Crypto billionaire Changpeng "CZ" Zhao spent 4 months in a California prison as he plead guilty for money laundering violations.
The U.S. SEC approved spot Ethereum ETF products for trading on NYSE Arca, Cboe and Nasdaq.
Judge Analisa Torres ordered Ripple to pay $125 million in penalities, significanlty lower than $2 billion sought by the U.S. SEC.
Pavel Durov's arrest regarding illegal activity on Telegram sparked free speeech protests as he faced 12 criminal charges in France.
Donald Trump elected as 47th President on pro-crypto regulations, policies and strategic Bitcoin reserve promises.
Options trading on spot Bitcoin ETFs gets final nod from the OCC after approval by the U.S. SEC and the U.S. CFTC.
Bitcoin price surpassed most-anticipated $100K landmark as Trump nominates Paul Atkins as SEC Chairman.
The U.S. Securities and Exchange Commission (SEC) finally greenlighted Spot Bitcoin ETFs and Spot Ethereum ETFs. Here's the huge volume these regulated investment products recorded over time
All Bitcoin ETFs IBIT, GBTC, FBTC, ARKB, BITB, BITX, BITO, BITU, BRRR, BTCO, EZBC, BTCW, WGMI, YBIT, BITI, YBTC, BTF, SBIT, MAXI, BITS, BTFX, BTCL, BITC, BTGD, ARKA
All Ethereum ETFs IBIT, GBTC, FBTC, ARKB, BITB, BITX, BITO, BITU, BRRR, BTCO, EZBC, BTCW, WGMI, YBIT, BITI, YBTC, BTF, SBIT, MAXI, BITS, BTFX, BTCL, BITC, BTGD, ARKA
The year 2024 witnessed significant regulatory and tax policy adjustments in major economies aiming to integrate cryptocurrencies into their financial systems while ensuring market integrity, investor protection, and tax compliance. Here's an overview of these developments:
Country | Regulation Overview | Taxation Policy |
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In 2024, crypto adoption was FOMO and panic driven after big financial institutions, high-net-worth individuals, and notable personalities became embraced HODLstrategy
Ranking: Emerging Countries
Country Name;Country Code;2024 India;IND;1 Nigeria;NGA;0.6925 Indonesia;IDN;0.6802 United States;USA;0.5398 Vietnam;VNM;0.5108 Ukraine;UKR;0.4068 Russia;RUS;0.3056 Philippines;PHL;0.2803 Pakistan;PAK;0.2799 Brazil;BRA;0.2649 Türkiye;TUR;0.2224 United Kingdom;GBR;0.2145 Venezuela;VEN;0.1921 Mexico;MEX;0.1847 Argentina;ARG;0.1814 Thailand;THA;0.1638 Cambodia;KHM;0.1564 Canada;CAN;0.129 South Korea;KOR;0.1254 China;CHN;0.1248 Egypt;EGY;0.1139 Germany;DEU;0.1027 South Africa;ZAF;0.1003 Iran;IRN;0.0951 Colombia;COL;0.0873 Italy;ITA;0.0787 Poland;POL;0.0711 Iraq;IRQ;0.0685 Saudi Arabia;SAU;0.0614 Bangladesh;BGD;0.0614 Malaysia;MYS;0.0612 Kenya;KEN;0.0606 Algeria;DZA;0.0569 Morocco;MAR;0.0523 Peru;PER;0.0502 Romania;ROU;0.0494 Chile;CHL;0.0476 Ukraine;UKR;0.0475 Japan;JPN;0.0457 Czech Republic;CZE;0.0412 Ecuador;ECU;0.0396 Iraq;IRQ;0.0384 Spain;ESP;0.0379 Ghana;GHA;0.0358 Uzbekistan;UZB;0.0356 Tanzania;TZA;0.0333 Sudan;SDN;0.0324 Syria;SYR;0.0318 Uzbekistan;UZB;0.0311 Syria;SYR;0.0294 Angola;AGO;0.0277 Honduras;HND;0.0276 Bosnia and Herzegovina;BIH;0.0265 Papua New Guinea;PNG;0.0262 Angola;AGO;0.0258 Guatemala;GTM;0.0256 Democratic Republic of the Congo;COD;0.0255 El Salvador;SLV;0.0255 Tunisia;TUN;0.0254 Lithuania;LTU;0.0249 Sri Lanka;LKA;0.0248 Croatia;HRV;0.0245 Estonia;EST;0.0245 Jordan;JOR;0.0242 Armenia;ARM;0.0238 Serbia;SRB;0.0235 Afghanistan;AFG;0.0233 Georgia;GEO;0.0228 Lebanon;LBN;0.0227 Bulgaria;BGR;0.0226 Côte d'Ivoire;CIV;0.0222 Latvia;LVA;0.0219
2024 has witnessed the emergence of several innovative Layer 1 blockchain projects, each addressing unique challenges within the Web3 ecosystem. These projects are poised to shape the future of decentralized applications, scalability, interoperability, and more
Solana
After years of progress, Solana finally solidified its position as the biggest competitor to Ethereum and other L1 chains.
Overview of some trending cryptocurrency projects across various categories in 2024:
The most popular crypto exchange that once again held on to its popularity and market dominance.
The most popular Ethereum wallet got even better in 2024 with improvements on security and QoL updates.
An RWA project unlocking new investment opportunities by tokenizing real estate, precious metals, and other commodities on the blockchain.
The intersection of cinema and cryptocurrency has captivated audiences in 2024, offering compelling narratives that explore the complexities, innovations, and societal impacts of digital assets and blockchain technology.
Influencers play a pivotal role in shaping the perceptions, trends, and developments within the cryptocurrency ecosystem. This section highlights the top 10 crypto influencers who have made significant impacts this year, providing valuable insights and fostering growth in the Web3 space.
736.1k followers
Davinci Jeremie is known for his YouTube channel, sharing expertise in crypto investments and market trends.
426.9k followers
Ran Neuner, also known as Crypto Man Ran, is the founder of the World's No.1 LIVE Crypto Streaming Channel,Crypto Banter.
1.3 Million followers
Lark Davis, founder of Wealth Mastery, platform for cutting edge crypto trading insight, and market trends.
481.5k followers
van Liljeqvist is the founder of Moralis.io, a Web3 development tool helping developers to build blockchain.
1 million followers
Ben Armstrong is the founder of BitBoy Crypto, one of the Largest & Greatest Crypto Community in all the inter webs.
988.1k followers
Crypto Rover, known in personal circles as Daan de Rover, is a young but prominent cryptocurrency investor and educator.
626.4k followers
Known for his Bitcoin Trading and Cryptocurrency News Youtube channel, Daily content on the cryptocurrency space.
The intersection of cinema and cryptocurrency has captivated audiences in 2024, offering compelling narratives that explore the complexities, innovations, and societal impacts of digital assets and blockchain technology.
The intersection of cinema and cryptocurrency has captivated audiences in 2024, offering compelling narratives that explore the complexities, innovations, and societal impacts of digital assets and blockchain technology.
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