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4 Crypto Narratives You Need to Keep in Mind
Emotions play a significant role in the financial market, especially in the crypto space. The concept of narratives refers to trending beliefs, stories, or ideas that shape how people engage with cryptocurrencies. These narratives can influence market trends, investor sentiments, and adoption of new innovations.
Emotions in the Crypto Industry Are More Important Than in Others
Market players constantly seek trends and crypto narratives to better understand what is happening and its potential effects. Crypto users also rely on previous market cycles to make decisions. Investing in narratives early can lead to higher chances of success.
Some of the dominant crypto narratives in 2023 include AI, liquid staking derivatives, decentralized stablecoins, Bitcoin ordinals, Chinese coins, blockchain interoperability, Layer 1s, and Layer 2s (Optimistic rollups and ZK rollups).
1) Re-staking
Liquid staking has become one of the biggest categories in crypto since the Shanghai upgrade. Protocols like Lido allow users to stake ETH and receive stETH tokens. Re-staking involves reusing liquid staking token assets for staking into validators or other platforms. Eigen Layer is leading this trend by developing a decentralized marketplace for Ethereum validators and node operators.
2) De-AI
The decentralization of artificial intelligence (AI) is gaining traction as centralized control remains a challenge. Decentralized AI projects like SingularityNet aim to ensure data accuracy and eliminate single points of failure. Accumulating tokens for these projects can be a way to participate in this trend.
3) Shared Sequencer
Ethereum’s centralization problems have led to the development of shared sequencers as a solution. Shared sequencers offer decentralization as a service, reducing the risk of censorship and enabling the inclusion of transactions from different rollups in one block. Projects are currently developing shared sequencers that may introduce tokens for governance and fundraising.
4) Gamble-Fi
The adoption of crypto in online gambling has increased significantly. Crypto gambling projects with unique tokenomics and appealing structures have the potential for heavy adoption. As the user experience improves, this sector may see further growth.
Hot Take: Identifying and Monitoring Emerging Crypto Narratives
These four crypto narratives have true potential but have yet to gain significant attention. There are already projects developing solutions in these areas, so it’s important to identify the ones that align with your goals and keep an eye on them.
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Hot Take: Identifying and Monitoring Emerging Crypto Narratives
Emotions play a significant role in the financial market, especially in the crypto space. The concept of narratives refers to trending beliefs, stories, or ideas that shape how people engage with cryptocurrencies. These narratives can influence market trends, investor sentiments, and adoption of new innovations.
Market players constantly seek trends and crypto narratives to better understand what is happening and its potential effects. Crypto users also rely on previous market cycles to make decisions. Investing in narratives early can lead to higher chances of success.
Some of the dominant crypto narratives in 2023 include AI, liquid staking derivatives, decentralized stablecoins, Bitcoin ordinals, Chinese coins, blockchain interoperability, Layer 1s, and Layer 2s (Optimistic rollups and ZK rollups).
Re-staking:
Liquid staking has become one of the biggest categories in crypto since the Shanghai upgrade. Protocols like Lido allow users to stake ETH and receive stETH tokens. Re-staking involves reusing liquid staking token assets for staking into validators or other platforms. Eigen Layer is leading this trend by developing a decentralized marketplace for Ethereum validators and node operators.
De-AI:
The decentralization of artificial intelligence (AI) is gaining traction as centralized control remains a challenge. Decentralized AI projects like SingularityNet aim to ensure data accuracy and eliminate single points of failure. Accumulating tokens for these projects can be a way to participate in this trend.
Shared Sequencer:
Ethereum’s centralization problems have led to the development of shared sequencers as a solution. Shared sequencers offer decentralization as a service, reducing the risk of censorship and enabling the inclusion of transactions from different rollups in one block. Projects are currently developing shared sequencers that may introduce tokens for governance and fundraising.
Gamble-Fi:
The adoption of crypto in online gambling has increased significantly. Crypto gambling projects with unique tokenomics and appealing structures have the potential for heavy adoption. As the user experience improves, this sector may see further growth.
Hot Take: Identifying and Monitoring Emerging Crypto Narratives
These four crypto narratives have true potential but have yet to gain significant attention. There are already projects developing solutions in these areas, so it’s important to identify the ones that align with your goals and keep an eye on them.
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