The cryptocurrency industry in 2024 opens up a wide range of investment opportunities across its different sectors. Against the backdrop of an easing of monetary policy (MP) by world banks, new liquidity may come to financial markets, which will be directed, among other things, to high-risk instruments, which include crypto-assets.
Cryptocurrencies
It is clear that one of the key trends in the next year will be the increase in demand for Bitcoin (BTC) following the approval of spot Bitcoin exchange-traded funds (ETFs) in the United States. This could give additional impetus to the Bitcoin price, in addition to the so-called halving, which is expected in April 2024. In addition, it is worth considering the purchase of private cryptocurrencies such as Monero (XMR) or ZCash (ZEC), as increasing the transparency of the blockchain, coupled with efforts to de-anonymize users, may increase the demand for such anonymous cryptocurrencies.
Platforms
Over the next year, I expect continued growth in crypto platform tokens such as Ethereum (ETH), Solana (SOL), Polkadot (DOT), Polygon (MATIC) and many others, amid the technological development of the sector, as well as the increase in demand for the creation of dApps, which intensified in the second half of 2023.
Layer 2 solutions
Tokens of projects in the Layer 2 category showed weak dynamics in the past year, and 2024 may be the year of additional capitalization of the sector, especially against the backdrop of the planned update to the Ethereum network - EIP-4844. Among the promising projects for next year are Optimism, Arbitrum, Synthetix and some others.
Gaming sector (GameFi)
The gaming sector in the blockchain applications environment continues to actively develop, and here such stories as Immutable (IMX), Enjin (ENJ), as well as young low-cap stories like Echelon Prime (PRIME) and EPIK Prime (EPIK) look promising in the next one.
