Bittime – Narrative Crypto is an interesting thing to watch. The reason is, that by studying it, we can know whether a coin is worth looking at or not. Following are 5 crypto narratives for 2024 according to the Crypto Academy that you can look at more carefully.
Top 5 Narrative Crypto 2024
Narrative crypto is a narrative or story that develops in the crypto ecosystem and blockchain technology. This narrative covers various aspects, including potential financial gains, changes in the global financial system, technological innovations, and risks and challenges associated with crypto adoption.
So, here are 5 crypto narratives for 2024 that have recently attracted attention.
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1. Ethereum
The first is Ethereum. It's not completely narrative but tends to be sector-specific. However, the Ethereum network is indeed very interesting to discuss.
Previously, Ethereum had updated Dencun, now there is a new update, namely Pectra, which will be carried out around the end of 2024. This Pectra update aims to improve network security and the efficiency of purchasing tokens on the Ethereum network.
Layer 2 Ethereum is indeed interesting to look at. The most prominent token on Ethereum's Layer 2 is Polygon (MATIC) . Polygon's market cap is in the billions so we have to be careful when looking at MATIC.
2. AI Narrative
The next Crypto narrative is AI. Not long ago, OpenAI released GPT-40. GPT-40 is the latest AI model from OpenAi which has many improved features.
Many advanced breakthroughs have been made with AI, making it boom in Q1 2024. What's more interesting is that the AI cycle is also long so it can last longer. This is because the AI hype has a long life.
Source: Statista
It is predicted that AI will continue to boom until 2030. In 2024, it is predicted that the AI market size will be more than $184 billion, which is a significant increase from 2023 which was less than $136 billion.
Also Read: OpenAI vs Google, OpenAI Announces Google Competitors on Monday
3. CBDC Narrative
Central Bank Digital Currency (CBDC) is a project from the government to put fiat on the blockchain. Many countries in various parts of the world have implemented CBDC. In Indonesia itself, research is being carried out for this CBDC project.
Several tokens are in the CBDC narrative, such as HBAR, Chainlink, and XRP. These three are the big coins in the CBDC narrative.
It should be noted that the CBDC narrative will tend to be more focused on large coins for the reason that many countries will be more inclined to collaborate with coins that have large or superior capital valuations.
This is also because CBDC tends to implement political strategies. Moreover, at the end of 2024, elections will be held in the US and there will be presidential candidates who are for and against CBDC. So, make sure you do your research when you want to dive into this narrative.
4. Decentralised Identity
Blockchain networks are considered to be secure networks. Because, once we have entered our identity into it, we cannot change it carelessly. Well, this is what many people will focus on so this narrative is indeed tempting in 2024 and beyond.
Sumber: Akademi Crypto
From this, it can also be understood that privacy is a very sensitive matter for many users.
The biggest Identity Token is WLD or World Coin. Many people are interested in this token and are even willing to do an eye scan to get this token. WLD has been very popular lately.
5. Cyber Security Narrative
AI has both positive and negative sides. This is why, amidst the onslaught of technological convenience, the concern for cyber security is increasing. The narrative of cyber security is increasing due to protecting data well.
Cyber Security tokens have different market caps. However, the crypto sector regarding cyber security tokens is still small. So, you can only observe tokens with a large market cap.
Also Read How To Buy Crypto:
Conclusion
Those are the 5 crypto narratives in 2024 according to the Crypto Academy. You can learn more about tokens that have the potential to have high advantages. Don't just join in so you can lose money later.
How to Buy Crypto from Bittime
You can buy and sell crypto assets easily and safely 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.
Read Also:
Chainlink Jumps 200% in a Year: Will the Rise Continue?
When is the Altcoin Season Coming? Here are 3 things you can do while you wait
Ethereum Meme Coin Price Analysis During Bull Run, Any Big Surge?
DISCLAIMER: This article is informational and is not an offer or solicitation 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.
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