Santiment Predicted Trends for 2024
As 2024 begins, Santiment shares insights into anticipated crypto trends, including NFTs & memecoins.
NFTs and the Bonk Craze
NFTs and memecoins like Bonk will continue to attract attention, bringing both growth and volatility. Bonk has seen a 1,300% market cap increase, overtaking Pepe and even Shiba Inu and Dogecoin.
The Lightning Network’s efforts to expand Bitcoin’s utility could lead to significant growth in its NFT market. However, it’s important to distinguish real interest from speculation to navigate the memecoin market.
Key Events: Bitcoin’s Halving and ETF Developments
Bitcoin will halve in April 2024, and US Spot Bitcoin ETFs may emerge. Stablecoins and regulatory adjustments could change market stability. DeFi, DAOs, and ZK technology are expected to grow.
AI and Blockchain: Innovations on the Horizon
The collaboration between AI and blockchain is revolutionizing cryptocurrency operations, making them more efficient and secure. AI resources are becoming more accessible, and decentralized AI marketplaces are simplifying the process of obtaining data and computing power.
Macroeconomic Trends: Continual Influence
Macroeconomic factors will continue to impact crypto prices, potentially influencing market bottoms or tops, making 2024 an intriguing year for crypto enthusiasts.
Hot Take
NFTs and memecoins are expected to remain popular in 2024. Bitcoin’s halving and potential US ETF approval in April may boost the markets. Additionally, DeFi, DAOs, and Layer-2 solutions will see continued growth.