Q2 Crypto Market Update!! You Need To See This Report!!
Published: 2024-08-06
Status:
Available
|
Analyzed
Published: 2024-08-06
Status:
Available
|
Analyzed
Predictions from this Video
Incorrect: 0
Prediction
Topic
Status
Bitcoin underperformed against major traditional asset classes like S&P, NASDAQ, oil, gold, Euro, and Japanese Yen in Q2 2024.
"BTC also underperformed against every traditional major asset class out there we're talking the S&P the NASDAQ as well as oil gold and currencies like the Euro and even the Japanese Yen"
Pending
Bitcoin's halving event did not significantly impact its price in Q2 2024.
"Bitcoin's harving hasn't had much of an effect on price"
Pending
The Runes protocol did not meet expectations upon its launch.
"runes haven't exactly lived up to the hype"
Pending
After an initial surge of users and transactions upon launch, the Runes protocol experienced a 93% decline in transactions by the end of Q2 2024.
"when runes went live on the 19th of April there was A Rush of new users and just 4 days later it saw more than 750,000 daily transactions however the following week transactions dropped to just over 130,000 at the close of Q2 there were just 28,000 transactions an overall decline of 93%"
Pending
Despite $2.4 billion in net inflows for Bitcoin spot ETFs in Q2 2024, their total Assets Under Management (AUM) decreased by 7%.
"while the ETFs experienced $2.4 billion in net inflows in Q2 the total assets under management or AUM actually went down by 7%"
Pending
Ethereum's price declined by over 5% (approximately $300) in Q2 2024, despite the surprise approval of spot Ethereum ETFs.
"despite the surprise approval of spot ethereum ETFs E's price actually declined by over 5% in Q2 Falling by around $300"
Pending
Ethereum's price continued its downtrend after an initial spike from ETF approvals, as excitement faded.
"eth had been on a downtrend for a while and after a price spike generated by the sudden ETF approvals continued its downward momentum once the excitement faded again"
Pending
Ethereum has become inflationary for the first time in 2024, with an addition of 120,000 ETH to its supply.
"eth has become inflationary for the first time this year adding 120,000 to its Supply"
Pending
Ethereum Layer 2 transactions increased by 37% in Q2 2024 compared to Q1, and year-to-date transaction volume is double that of 2023, with two quarters remaining.
"overall though layer 2 transactions are up 37% from q1 and so far this year there's been double the amount of transactions compared to 2023 and we still have two quarters to go"
Pending
Solana (SOL) experienced the largest price decline among the top five cryptocurrencies in Q2 2024, falling by 28%.
"Soul took the biggest l in Q2 Falling by 28%"
Pending
Despite Solana's (SOL) price falling 28%, meme coins and celebrity tokens continued to perform well on the network.
"Soul's price tumbled 28% mean coins and celebrity tokens continued to outperform"
Pending
Solana (SOL) reached $200 by April, but subsequently fell 28% and had not recovered to those levels by the end of Q2 2024.
"Soul might have gained 44% since the start of the year to hit the $200 Mark by April it fell 28% and has yet to recover to those levels"
Pending
Solana has the potential to become the highest performing Layer 1 blockchain of this cycle, beyond its current reputation as a platform for meme coins.
"we reckon that salana has much more potential than just being a shitcoin casino and could even become the highest performing L1 of this cycle"
Pending
Solana's decentralized exchange (DEX) trading activity remains strong, securing the second-place position by overtaking Arbitrum in March.
"Dex trading activity on salana also remains strong comfortably taking the second place spot after overtaking arbitrum back in March"
Pending
The TON blockchain became the 10th largest chain by Total Value Locked (TVL) due to user attraction.
"ton blockchain attracted enough users to become the 10th largest chain by total value locked or tvl"
Pending
Total Value Locked (TVL) on the TON blockchain increased by over 4x, from $200 million in early April to over $900 million by the end of June 2024.
"tvl on the ton blockchain has jumped by more than 4X from just over $200 million at the start of April to over 900 Million by the end of June"
Pending
Bitcoin NFT trading volumes experienced a significant decline, even after the launch of the Runes protocol.
"even with the launch of runes Bitcoin nft volumes have plummeted significantly"
Pending
Solana is rapidly closing the gap with Ethereum in the NFT space.
"salana is closing the Gap with ethereum nfts for now"
Pending
Ethereum remains the largest NFT blockchain, holding 32% of trading volume in Q2, despite a 45% loss of activity in Q1.
"ethereum Remains the largest nft blockchain despite losing 45% of its trading activity in q1 ethereum still controlled 32% of trading volume in Q2"
Pending
Solana was trailing Ethereum by only $17 million in NFT trading volume, with the possibility of becoming the most popular NFT chain by the time the video was released.
"salana was trailing by just $17 million according to this report and it's entirely possible that by the time this video gets released salana could have become the most popular nft chain"
Pending
Bitcoin NFT trading volume decreased by 70% following the trend of the Runes protocol.
"Bitcoin nfts saw a significant decline of 70% in trading volume following the rise and fall of runes"
Pending
Ethereum DEXs recorded $162 billion in trading volume, with overall trading volumes increasing by over 12% since the start of Q2 2024.
"ethereum saw $162 billion of trading overall trading volumes on ethereum dexes went up by more than 12% since the start of Q2"
Pending
The market capitalization of the Decentralized Finance (DeFi) sector declined by 20% in Q2 2024.
"defi's market cap closed Q2 with a 20% decline"
Pending
Athena saw the largest gains in Total Value Locked (TVL) for the quarter, with a 54% increase.
"the biggest gains of this quarter came from Athena with an increase of50 4% in tvl"
Pending
NFT trading volumes decreased by almost 32% by the end of Q2 2024.
"trading volumes had fallen by almost 32% by the end of Q2"
Pending
Magic Eden surpassed Blur to become the largest NFT marketplace and maintained that position.
"Magic Eden overtook blur to become the largest nft Marketplace and remains in top position"
Pending
Blur's trading volume increased by 25% in Q2 2024.
"blur's trading volume actually going up by 25% in Q2"
Pending
NFT lending activity experienced a sharp decline of over 48% in Q2 2024.
"nft lending activity has also seen a sharp decline of over 48%"
Pending
NFT lending volumes decreased by over $1 billion in Q2 2024, indicating a continuation of the NFT winter.
"NF lending volumes plunged by over $1 billion across Q2 as nft winter continues"
Pending
Blend's NFT lending volume dropped from $870 million in January to $287 million by the end of Q2 2024, representing a two-thirds decrease.
"blend saw $870 million in lending volume but by the end of Q2 sat at only 287 million dollar about a third of what it was only a few months ago"
Pending
Bybit has become the second-largest centralized crypto exchange, holding a 12% market share by the end of June 2024.
"bibit has emerged to become crypto's second largest centralized exchange with a market share of 12% by the end of June"
Pending
Decentralized Exchanges (DEXs) experienced overall positive growth of 15% in Q2 2024.
"these have actually seen a positive growth of 15% overall in Q2"
Pending
Thruster was the biggest gainer among DEXs in Q2 2024, with trading volumes increasing by over 5x compared to Q1.
"Thruster was apparently q2's biggest gainer with trading volumes going up by over 5x since q1"
Pending
Aerodrome's trading volume increased by almost 4x, allowing it to enter the top 10 DEX leaderboard.
"Aerodrome which grew by almost 4X to enter the top 10 Dex leaderboard"
Pending
Blast's trading volume grew by 474% in Q2 2024 alone.
"blast's trading volume had grown by 474 in Q2 alone"
Pending
A major catalyst is needed for retail investors to return to the crypto market in volumes seen in previous cycles.
"without a major Catalyst retail investors aren't likely to return in the ways we've seen in previous Cycles"
Pending
Cryptocurrency is becoming increasingly politicized as politicians recognize its potential.
"crypto is being more politicized now than ever before as politicians begin to realize its potential"
Pending
Donald Trump's attendance at the Bitcoin conference signifies increased political attention on cryptocurrency.
"heck Donald Trump attended this year's Bitcoin conference what more do I need to say"
Pending
Upon the return of retail investors, they will find a more mature crypto industry with improved regulations, active US Bitcoin and Ethereum spot ETFs, and innovative projects.
"once retail does come back and make no mistake they will they'll be met with a more mature and advanced crypto industry one with better regulatory Frameworks active Bitcoin and ethereum spot ETFs in the United States and crypto projects that have built some of the most Innovative Tech we've ever seen"
Pending