[2025 Outlook ③] “NFT Resurgence Signal… GameFi Outlook Is Not Sure”

Here is the English translation of the text, with the specified terms retained as is: The research team of 18 analysts from the cryptocurrency media outlet The Block have each presented their forecasts for the industry and market in 2025. Coinnese has summarized and divided it into 3 parts. 1. Aleksandar Bukovski: Argentina or the US states of Wyoming or Texas are likely to be the first to implement a BTC strategic reserve asset system. A SOL spot ETF is likely to be launched in October. The trading volume of real-world assets (RWA) will exceed $20 trillion, and tokenized bonds will dominate this field. Memecoins, led by the Pumpdotfun ecosystem, will continue to rise. 2. Ivan Wu: Traditional financial institutions will focus on recruiting cryptocurrency talents after observing the success of cryptocurrency ETFs this year. Companies will focus on recruiting cryptocurrency talents, just as they competed to recruit AI talents over the past 18 months. The altcoin season in the first quarter of this year could lead to a significant drop in Bitcoin dominance. Cryptocurrency projects will focus on marketing, viral, and community efforts. Only projects with new community mechanisms will succeed going forward. 3. Mohamed Ayadi: The market cycle this year is expected to be similar to the past. The market will experience a decline in the summer and reach its peak at the end of the year, likely coinciding with the US Federal Reserve's interest rate cut announcement. Major companies like Kraken and Circle will go public at the market peak. The continuous growth of Layer 2 will not solve Ethereum's core issues and will only worsen the liquidity fragmentation problem, which will not significantly help Ethereum's price. Some altcoins will narrow the market cap gap with Ethereum, and Solana may even surpass Ethereum. 4. Ankush Jha: The direction of Bitcoin's price in the first quarter depends on how the US's pro-cryptocurrency policies progress. The trading volume of decentralized exchanges (DEXs) will increase to 15-20% of centralized exchanges (CEXs). Memecoins will receive more attention and will mainly be launched on Ethereum or Solana. GameFi will gain popularity by providing incentives, but will face difficulties in market adoption. 5. Alex Lewtschuk: Non-Fungible Tokens (NFTs) will signal a revival, though not as strong as 2021-2022, riding the bullish momentum. NFTs will collaborate with real-world assets (RWA) or the gaming sector to build stable use cases. This year, various companies will benchmark MicroStrategy's BTC acquisition strategy. 6. Alicia Li: This year will see a flood of altcoin spot ETFs. Hedera may be one of the early beneficiary tokens as the US Securities and Exchange Commission (SEC) did not classify it as a security. XRP and SOL may face delays in spot ETF approvals due to regulatory issues. The cryptocurrency market is expected to see a bullish start, followed by a slight decline, and then a resurgence driven by new products and regulatory clarity.