Returning to 2021?
The crypto market in 2024 mirrors the trends seen in 2021. NFTs were significant then, but now modular and Layer 2 chains dominate, indicating a new technological trend. Tokens like Celestia (TIA) and Near Protocol (NEAR) emphasize innovation and scalability, attracting investor interest. The latest one, which envisages integration of WhiteBIT, is heating the interest with free USDT and USDC withdrawal and their $HOT futures pairing is also breaking records.
The main scalability players were switched as well, with Telegram entering the game. Regardless of its native Telegram Open Network, it has also unlocked the doors for a vast number of projects, i.e. HOT – the centerpiece of the aforementioned NEAR ecosystem.
Adoption, or Decentralization?
Crypto enthusiasts have spent over a decade exploring real-world applications. Initially met with skepticism from traditional finance, decentralized currencies have gradually gained acceptance. Now, not only can we buy goods with crypto, but investing in Bitcoin through approved ETFs has become effortless. Tokens like HOT exemplify this shift by facilitating fiat transactions on the blockchain, including soon-to-be-unlocked Ethereum-based transactions. This reflects a changed perspective on investing, token development, and distribution, while maintaining a commitment to maximal decentralization.
It’s all fun and games until it’s educative
The rise of memecoins signals a new trend in crypto investment, surpassing Bitcoin, Ether, and NFTs in popularity by 2024 despite concerns about their tokenomics. The evolving crypto market underscores the importance of education, as shown by a 2022 survey indicating growing interest in crypto education among American parents and college students. Memecoins play a significant role in increasing public awareness and education about crypto, attracting more users to the community and accelerating crypto adoption. Despite advancements, caution against FOMO, FUD, and other harmful tactics is crucial in the crypto market.
