[2025 Outlook ②] “The Memecoin Super Cycle is Not Over… DeFi Should Also Pay Attention”

Here is the English translation of the text, with the specified terms translated as requested: The research team of 18 analysts at the cryptocurrency-specialized media outlet The Block have each presented their outlook for the industry and market in 2025. Coinnews has summarized and divided it into 3 parts. 1. Ian Devendorf: This year will start with a change in the US regulatory stance towards cryptocurrencies. Going forward, the influx of institutional capital could completely reshape the cryptocurrency market dynamics. BTC, which previously saw volatility of around 70%, will see its volatility reduced to around 40-50% due to the controlled inflow of capital. However, this may come at the cost of BTC becoming more correlated with traditional risk assets. 2. Edvin Memet: This year, the cryptocurrency market will once again exhibit explosive volatility, breaking away from past patterns, triggered by random events. The key narratives will include AI narratives, AI memes, stablecoins, and Bitcoin Layer 2. Additionally, projects like Polymarket, Pumpndump, Phantom, and Bullx are expected to launch their own tokens. 3. Abraham Eid: The sustained success of the Web3 AAA battle royale game Off The Grid (OTG), and the initial success of Nexon's NFT-centric Web3 game 'MapleStory Universe' will determine the fate of GameFi. While the DeFi sector has not yet delivered concrete results, investors will continue to fund this domain. 4. Kelvin Sparks: Following BTC and ETH, various cryptocurrency spot ETFs will be filed and mostly approved in the US. Several states will also pass legislation to include BTC as a strategic asset. However, the actual implementation will take considerable time. The meme coin supercycle is not over yet, and the growth of DeFi platforms is also far from over. Personally, I'm keeping an eye on Pumpndump, Hyperliquid, Airdrop, and Jupiter. 5. Michael Longoria: DeFi will enter a new phase, focusing on revenue sharing and other sustainability measures. Once regulatory clarity is achieved, DeFi protocols will introduce more fee-sharing mechanisms and treasury distribution. Users and token holders will benefit greatly from revenue sharing and buyback programs. 6. Marcel Bluhm: While the meme coin meta can temporarily explode, it will not be the driving force for the cryptocurrency sector as a whole. Stablecoins will see tremendous growth if they secure an appropriate regulatory framework. It's best not to have high expectations for the US government's adoption of BTC as a strategic reserve asset - any such adoption will be mostly symbolic, with a minimal impact on the market. I project BTC to reach $20,000, ETH to reach $10,000, and SOL to reach $500 this year.