2024 Crypto Trends: What to Watch For
As we enter 2024, it’s time to explore the crypto trends that will shape the year ahead. Based on the Messari report, this article will highlight some key areas to pay attention to.
Investment Trends
- Bitcoin
Bitcoin remains a top player in the crypto market. It is increasingly seen as a store of value, similar to digital gold. As BTC price rises, other coins tend to follow suit.
Ethereum
Ethereum holds its first-mover advantage, but it needs faster and cheaper transactions to compete with alternative platforms.
Real-World Assets (RWA)
RWA is expected to gain traction in 2024, with a predicted market value of $10 trillion by 2030. Tokenization allows for the representation of various assets like stocks, debts, and real estate on the blockchain.
AI & Crypto
The combination of AI and crypto shows promise in areas such as detecting deep fakes and identifying AI-generated content.
DePin (Decentralized Physical Infrastructure)
DePin addresses the need for computing power and storage in AI applications. Protocols like Akash and Arweave offer decentralized computing power and storage solutions, respectively.
DeSoc (Decentralized Social Media)
Farcaster and Lens are notable players in the DeSoc space, but other platforms like Galxe, Intract, and Deso are also making an impact.
People to Watch in 2024
While it’s interesting to reflect on the figures who made waves in 2023, it’s essential to keep an eye on key individuals in the crypto space for 2024.
Larry Fink of BlackRock and Cathie Wood of Ark Invest
Larry Fink, CEO of BlackRock, and Cathie Wood, founder of Ark Invest, are influential figures due to their positions in asset management and BTC spot ETF applications, respectively.
Senator Elizabeth Warren
Senator Warren leads a group that opposes crypto. Her alliances with Gary Gensler (SEC), Martin Gruenberg (FDIC), and Rohit Chopra (CFPB) make her a powerful figure to watch.
Lucas Vogelsang
Lucas Vogelsang, CEO of Centrifuge, is a leader in the RWA space.
Vibhu
Vibhu, founder and CEO of Drip Haus, is revolutionizing the NFT art scene with daily free art drops and a rewards system for creators.
Products and Projects in 2024
Celestia (TIA)
Celestia offers a modular approach to blockchain tasks, providing data availability and consensus without execution. Built on Cosmos, Celestia may have a significant impact on the ecosystem.
Farcaster
Farcaster is a DeSoc app that could potentially replace existing platforms like X. It offers thematic channels as an alternative to traditional setups.
Liquid Staking
Liquid staking presents exciting growth opportunities for DeFi. Lido has gained significant market share but faces concerns about decentralization. However, healthy competition is emerging.
Drip Haus
Drip Haus is a unique project that combines RWA with NFT art drops. With an innovative rewards system and strong leadership, it continues to break records in the industry.
Conclusion
This is Part-1 of our 4-part series on crypto trends in 2024. Stay tuned for more insights on investment trends, people to watch, and exciting projects and products in the crypto space.
Hot Take: What Lies Ahead in 2024?
2023 was a rollercoaster for crypto, but now it’s time to look forward. As we enter 2024, there are several trends and developments to keep an eye on. From investment trends like Bitcoin and Ethereum to the rise of real-world assets and the intersection of AI and crypto, the crypto landscape is evolving rapidly. Additionally, key individuals like Larry Fink, Cathie Wood, Senator Elizabeth Warren, Lucas Vogelsang, and Vibhu will shape the industry’s future. Exciting projects such as Celestia, Farcaster, Liquid Staking, and Drip Haus offer innovative solutions and opportunities. Stay tuned for more insights as we explore the crypto trends of 2024.
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