Review of the Cryptocurrency Market in 2024

Summary: The year 2024 was exceptionally absurd for the cryptocurrency sector.

While Bitcoin, as anticipated, surpassed the significant milestone of $100,000, the mainstream focus of the cryptocurrency market was overshadowed by the proliferation of Solana-based MEME coins. These tokens, numbering in the millions, engaged in chaotic and disruptive activities, presenting a deplorable display of deceit and unscrupulous practices taken to their extreme. Both president-elected Donald Trump and Elon Musk bear undeniable responsibility for this phenomenon, although it was not their original intent.

However, as extremes tend to balance, absurdity will ultimately wane, and the path of integrity will prevail. The fundamental mission of blockchain and cryptocurrency is to improve production relations and enhance productivity, rather than pursue unscrupulous schemes and overnight wealth. Looking forward to a fresh start in 2025, we remain committed to taking proactive measures, overcoming challenges, and leading by example.