Since the start of the year, the market has been doing really well, with lots of different currencies showing positive signs of growth. Just to give you an idea, Bitcoin hit a new all-time high of over $73,000 recently! And there’s more good news expected.
Bitcoin Ecosystem
Bitcoin is really important in the world of digital money. It’s been doing well since the start of 2024. It’s the most popular digital money, and it’s making big moves. Some people think its value could go up a lot in the next year. Plus, Bitcoin is getting connected with new things like DeFi and NFTs, which could lead to some cool new ideas.
Web 3.0 for a More Personalised Internet
Web 3.0 is gaining a lot of attention from the public lately. It’s seen as the next big leap in internet technology, set to bring significant changes and innovations in 2024 and beyond. One of the key aspects driving interest in Web 3.0 is its potential to enable website funding without relying on large corporations. This decentralized approach to funding websites appeals to users who seek more autonomy and independence in managing their online presence.
Crypto ETF approval
In our discussion about the upcoming cryptocurrency trends for 2024, ETFs have been a recurring topic
NFT Market Growth
Repeatedly, NFTs have made waves on the cryptocurrency market trend radar. Yet, the NFT market continues to draw in more artists and creators seeking access to decentralized funding opportunities, granting them the autonomy to finance their artistic endeavors.
AI Crypto Projects
Our list of new crypto trends in 2024 wouldn’t be complete without talking about AI, which has been getting more important in the crypto world lately.
Restaking
Restaking is a way to use your staked assets in Proof-of-Stake blockchains to earn more rewards.
Layer 2 Smart Contracts
Layer 2 smart contracts are becoming more popular in the crypto world. This is a new trend for 2024 and beyond, helping cryptocurrencies grow. Unlike Bitcoin and Ethereum, which are Layer 1 blockchain networks, Layer 2 solutions are built on top of existing blockchain systems. They make cryptocurrencies faster and more efficient.
Green Energy Adoption
Using green energy is becoming more popular in the world of cryptocurrencies. It’s a new trend for 2024 and beyond. This trend is because cryptocurrencies, especially the ones that need a lot of energy for mining and transactions, can harm the environment.
Real-World Assets
RWAs, which stands for real-world assets, are a new trend in cryptocurrency. Basically, it means turning real things like artworks, commodities, or stocks into digital tokens that exist in the crypto world.
Ethereum ETFs
Apart from the popular Bitcoin ETF approval, we shouldn’t overlook Ethereum ETFs as a new trend in the crypto world for 2024. Experts think Ethereum ETFs will be a big deal in driving the market up. According to Eric Balchunas, an ETF analyst at Bloomberg, there’s a 70% chance Ethereum ETFs will get approval by May 2024.