In this article, we are going to give you the biggest crypto trends of 2024. And the first trend we are going to cover has been taking up all the airspace in crypto recently. But we have been talking about it here at Blockzeit for months — and that trend is the Bitcoin spot ETF mania.
On January 3rd, we saw a slight crash in Bitcoin’s price. But we could tell by on-chain activity, the Whales were there to gobble up the dip.
In the past few months of 2023, Bitcoin had a nice pump due to everyone buying on the ETF rumor. So an obvious way to participate in this trend is well… to buy Bitcoin! It would have been great if you bought Bitcoin months ago, or even better back in 2022.
But if you are a little late to the party, or just too degen to buy the king of cryptocurrencies, there are other ways to participate in the ETF trend.
Ethereum Spot ETFs
First, you can anticipate the next ETF which should get approved after Bitcoin and that is Ethereum.
BlackRock filed for an Ethereum ETF in November 2023, and there is a very good chance that multiple Ethereum ETFs will be approved this year, if not by early 2025.
But it is not just Bitcoin and Ethereum ETFs that will be trending in 2024. Some are saying memecoins are going to pop again. There are still some memecoins from 2022 and 2023 that are in the meta, and have gone nuts over the past few weeks.
Degen traders are looking at memecoins on up and coming chains — you can find them on Cardano, Avalanche, Solana, etcetera. So, find your favorite chain, dive in and say, “What is the best meme here?” and put your money where your mouth is (not financial advice).
We saw it about a year ago and it is coming back, and that is artificial intelligence (AI). In 2023, AI was ruling the news cycle and I expect 2024 to continue that trend.
When ChatGPT came on the scene a little over a year ago, it impacted every aspect of our lives. Suddenly teachers are worried about students cheating, there’s a huge issue with the writers and the actor strikes, and hopefully single people were not using it to write a dating app profile and their love letters or poems.
Even OpenAI CEO Sam Altman was brought before Congress and had to testify. And then there’s the drama where he was fired and then rehired.
But no matter where you stand morally on the issues of AI, this technology can benefit from decentralized and permissionless natures of blockchains, and if we are worried about just a handful of powerful companies controlling this important technology, AI on the blockchain can return the power to the people.
Salana has been “The Comeback Kid” of 2023 — everyone thought it was dead due to FTX and Sam Bankman-Fried, but it has come back to life in a major way.
So, if you want a relatively safe bet, Solana is a top-10 coin. So, I would say this is the least risky of the trends. But if you want to increase that risk profile, dive into the ecosystem and invest in the projects that are likely to go parabolic.
GameFi And GambleFi
Gaming and gambling platforms have moved significantly in the past few months along with many other projects in the gaming space. But despite these initial pumps, I do not think we have seen anything yet.
People understand games and earn money just for playing them. And who does not want to do that? 10 years ago, it sounded like a pipe dream. But now, getting paid for gaming is a very valid and sometimes very lucrative career choice for a lot of people.
You can invest in blockchain games or the gaming platforms you believe in, but you can also invest in the gaming infrastructure.
Decentralized Science (DeSci)
It is probably the best kept secret in crypto right now and not many people are talking about it. And in case you have been living under a rock, you can see that trust in big pharmaceutical companies are probably at their all-time lows, but blockchain technology can save the day.
What makes DeSci great is that it allows users to make gains by holding coins or tokens, but then they also get to vote on what people research with the associated DAO or a decentralized autonomous organization.
There are multiple projects for any scientific area you are passionate about. Whether it is longevity, hair loss, or biotech, find a project that piques your interest and you can take back control over what has been researched!
What’s the trend you think that I have missed? And are there any categories that get you really excited? And what other narratives are you following this bull run? Let us know in the comments and we will see you again at the top of the bull run!