2023 was a challenging journey filled with the tough experiences of a bear market for the crypto currency world, and it is now behind us. It’s time to turn our eyes to 2024 and discover what will trend in this new year. What should investors interested in crypto assets pay attention to? Which names should they follow and which projects should they focus on? Let’s look into the details.
Bitcoin And Ethereum
Bitcoin, as the pioneer of the crypto world, still holds a strong position. BTC is considered digital gold and a long-term investment. As the price of Bitcoin rises, all other cryptocurrencies tend to follow its lead. However, the opposite is also true. Therefore, keeping an eye on Bitcoin is always beneficial.
On the other hand, the altcoin Ethereum still has the first-mover advantage. With improvements made on the platform in 2023, there is a focus on faster and more economical transactions. However, this goal has not yet been fully achieved. There are many alternatives out there.
RWA (Real World Assets) And Artificial Intelligence
In 2024, RWAs seem to play a significant role in the tokenization of real-world assets. Tokenizing everything from stocks, debts, to real estate will be a turning point where crypto meets traditional finance.
Moreover, artificial intelligence and crypto create a complementary duo, using Blockchain timestamps to detect deep fakes or determine if content is AI-generated. Both trends are worth following, especially as AI coins could surge in 2024.
DePin And DeSoc
In addition to the power of artificial intelligence, there is a growing need for storage solutions for people. Decentralized protocols providing physical infrastructure come into play here, with projects like Akash and Arweave gaining attention.
In the decentralized social media space, alongside players like Farcaster and Lens, new platforms such as Galxe, Intract, and Deso are starting to increase their influence.
Names to Follow in 2024
Some hot names from 2023 stir curiosity about where they are now. SBF is in prison, Do Kwon, Su Zhu, and the founders of Tornado Cash are awaiting their trials. Notable figures in 2024 include Larry Fink from BlackRock, Cathie Wood from Ark Invest, Senator Elizabeth Warren, and Lucas Vogelsang.
Keeping friends close and rivals closer is essential. Senator Warren leads a group of anti-crypto Democrats. She has influential allies and significant power. Other notable names include:
- Gary Gensler, SEC chairman.
- Martin Gruenberg, FDIC chairman.
- Rohit Chopra, CFPB director.
Lucas Vogelsang stands out in the RWA space as a leader of Centrifuge, while Vibhu is gaining attention as the founder of Drip Haus. Their roles in the crypto world of 2024 are a subject of great curiosity.
Noteworthy Products and Projects in 2024
Celestia (TIA) is gaining attention as a modular chain and offers a fast and economical foundation as a platform built on Cosmos. Farcaster stands out as a platform offering solutions for DeSoc applications, with regular participation from Vitalik Buterin.
Liquid Staking presents an exciting growth option for DeFi, while the market share growth of Lido could have a notable impact. Drip Haus transcends the boundaries with art and NFTs, offering a creative RWA approach. Under Vibhu’s leadership, the platform continues to set records.
