CoinGecko has just released its comprehensive report on the crypto industry in 2024. This report highlights the massive successes of Bitcoin following ETF approval and the huge interest in areas such as meme coins and cryptocurrencies. ‘AI.
Co-founder Bobby Ong also shared exclusive comments with BeInCrypto, describing his optimism for 2025.
CoinGecko Bullish Report 2024
The CoinGecko annual report reflects the remarkable profit of the industry in 2024 after the SEC approved Bitcoin ETFs in January. This new market led by IBIT has become an all-time winner in the entire ETF spacebringing over $100 billion to the crypto market.
“2024 demonstrates the significant progress crypto has made in achieving TradFi and institutional recognition. After these recent difficult years, we look forward to the continuation of the bull market in 2025.” Bobby Ong, COO and co-founder of CoinGeckosaid in an exclusive statement with BeInCrypto.
In total, the total crypto market cap has increased by 97.7% over the past year, reaching a whopping $3.4 trillion. Momentum was not stable throughout the year, with the third quarter seeing some setbacks and slowing progress.
However, Donald Trump’s electoral victory brought new momentum and new bull market. The report clearly shows that US political developments are putting crypto in the global spotlight.
Due to its immense price growth and market dominance, Bitcoin is a clear winner as the most durable asset on the market. In addition to reach an impressive record levelBTC has also outperformed major asset classes like gold and crude oil. It also accounted for more than half of the total crypto market capitalization.
Additionally, Ong noted that different blockchain ecosystems were in fierce competition for users and developers, and that meme coins and AI were dominating the discourse. According to the CoinGecko report, transactions on Ethereum L2 solutions increased by 48.3%.
However, Solana has consistently experienced the strongest growth among all networks, becoming the most dominant channel for DEX trading.
AI agents have also managed to clearly dominate a new bull market. CoinGecko reported that the entire field took off after GOAT launched in Octobercombining the strengths of AI agents and meme coins. The market cap of AI agents increased by 322.2% in the fourth quarter, representing an incredible $15.5 billion.
CoinGecko maintained a bullish tone throughout its report, counting successes and positive momentum. It is always difficult to predict the future of volatile assets like cryptocurrencies, but this data mostly suggests an optimistic 2025 horizon.
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