The crypto market has been on a bullish streak in the last quarter of this year, thanks to Donald Trump’s recent victory in the United States presidential election.
American investment management firm VanEck has shared ten predictions that could raise the crypto market’s valuation in the coming year.
Bullish Crypto Predictions From VanEck
VanEck’s first prediction focused on leading assets that would experience meteoric price growth next year. For example, BTC would attain $180,000, ETH would cross $6,000, SOL would surpass $500, and SUI would exceed $10.
The firm’s next prediction showed factors that could drive some of these price projections. With Trump’s bullish stance, VanEck expects the U.S. to adopt Bitcoin as a strategic reserve.
Following Trump’s selection of a crypto-friendly chairman for the U.S. Securities and Exchange Commission (SEC), applications for multiple crypto exchange-traded products (ETPs) will likely be approved. Additionally, Ethereum ETPs will feature staking, a function restricted under the Joe Biden administration.
Highlighting another factor that could aid BTC’s price growth, VanEck stated in another prediction that Bitcoin-based layer-2 networks will reach 100,000 BTC in total value locked (TVL). If this speculation comes true, it would be a 600% surge from this year’s TVL record.
The completion of the Ethereum Dencun upgrade from earlier this year allowed for increased blob activity. VanEck predicted that the Ethereum blob space will garner $1 billion in fees as more L2 rollups and “high-fee use cases” come to the limelight.
The stablecoin market has a daily traded volume of around $100 billion. VanEck projects this value to soar to as high as $300 billion by the end of next year. The firm explained that “this surge will be driven by adoption in global commerce, remittances, and integration with major tech and payment networks.”
DeFi and NFT Predictions
VanEck expanded its prediction to include artificial intelligence (AI). The firm stated that one million new AI agents will surface next year and be used in decentralized finance (DeFi), social media, gaming, and consumer applications.
Regarding DeFi, VanEck expects decentralized exchanges (DEX) to hit a peak of $4 trillion in traded volume and $200 billion in TVL. This surge would be fueled by AI-focused projects, “consumer-facing dApps, and tokenized assets.”
Another DeFi-focused prediction from VanEck projects dApp tokens, which will narrow the performance gap with L1 crypto assets. The investment company is optimistic that new projects themed around AI and Decentralized Physical Infrastructure Networks (DePIN) will drive growth.
The NFT market is not left out of the company’s projection. VanEck predicts that the NFT traded volume will reclaim $30 billion next year. Growing projects like Pudgy Penguins and Milady will drive this surge.
VanEck also predicted a surge in tokenized securities in the coming year. Although the market soared from $6 billion to $12 billion this year, the company expects this value to soar to as high as $50 billion next year.
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