Bittime - 2024 is predicted to be an important year for the cryptocurrency world, with various major trends expected to shape the market.
What Are Crypto Narratives 2024?
Crypto Narrative is an idea that shapes the perception and value of crypto assets, where this narrative can influence investor sentiment, market trends and the adoption of new technology.
In 2024, some of the prominent narratives include liquid restaking tokens, liquid staking derivatives, blockchain modularity, Layer 1 , Layer 2 (Optimistic rollups and zero knowledge rollups), BRC-20, DePIN, DeSci, GambleFi, Telegram crypto trading bots, and real world assets (RWAs).
It is important to note that crypto narratives can be misleading based on false assumptions or hype. Therefore, it is important to evaluate the narrative critically and make investment decisions based on solid analysis and research.
Check Today's Crypto Market:
What are the Crypto Trends 2024?
Currently, there are several crypto trends that have become crypto narratives which are predicted to boom during 2024.
The following are the top 11 Crypto Trends that have become crypto narratives that must be paid attention to in 2024, including:
- Liquid Restaking Tokens: These focus on capital efficiency by allowing users to stake the same token across multiple networks. A prime example is EigenLayer with over 3.5 million ETH in Total Value Locked (TVL).
- Liquid Staking Derivatives (LSDs): LSDs allow stakers to unlock their illiquid assets and generate more yield.
- Blockchain Modularity: Splitting the blockchain into individual components to increase scalability.
- Layer 1 and Layer 2 on Ethereum: Layer 1 is the basic architecture while Layer 2 helps increase throughput and reduce transaction costs.
- Optimistic Rollups: Layer 2 solution to increase transaction throughput and reduce fees.
- Bitcoin: Ordinals and BRC-20 Tokens: Ordinals is a new trend in Bitcoin that allows the creation of NFTs on the Bitcoin blockchain.
- DePIN (Decentralized Physical Infrastructure Networks): Using blockchain to develop physical infrastructure in a decentralized manner.
- DeSci (Decentralized Science): Applying blockchain technology in scientific research to make it more open and community-based.
- GambleFi: A crypto-based gambling application that offers transparency and fairness in online gambling.
- Real World Assets (RWAs): Physical or off-chain assets that are tokenized and moved to the blockchain to act as a yield source in DeFi.
- Telegram Trading Bot: Provides convenience and efficiency in crypto trade execution.
In 2024, we see a trend of narratives exploring the capabilities and applications of blockchain, such as DePIN and DeSci. However, it is important to remember that this article is for educational purposes only and should not be considered financial advice. Always do your own research before investing.
Check Crypto Prices Today:
How to Buy Crypto on Bittime
You can buy and sell crypto assets in an easy and safe way via Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
To be able to buy crypto assets on Bittime , make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. Learn Complete Guide How to Buy Crypto on Bittime .
Monitor price chart movements of Bitcoin (BTC) , Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
Also read:
What Is a CBDC Narrative? 3 CBCD Narrative Coins, Read the Complete Explanation
Narrative of the Most Popular Crypto Gaming Chain Today
What is Spatial Computing & 5 Crypto Assets With Spatial Computing Narrative
DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
Comments
0 comments
Please sign in to leave a comment.