2023 is gone with all it woes, and while are presented with a new year to recoup what we have lost, here are some updates to keep you better positioned for what's coming.
SEC to disclose finalities on Bitcoin ETF tomorrow.
Market looking neither bullish nor bearish in the first hours of this year, it looks more like hippopotamusish (that is not a thing though, don't look it up).
Layer 2 solutions are expected to dominate in Q1, with EIP-4844 acting as a catalyst for L2 tokens like ARB, OP, and METIS.
Arbitrum (ARB) could experience growth due to its network expansion, narratives around EIP-4844, and mechanisms like staking and Star Improvement Proposals (STIPs).
Cross-chain decentralized exchanges, like Thorchain and Chainflip, will gain importance as the concept of a multi-chain ecosystem continues to develop.
Liquidity Bootstrapping Pools (LBPs) could be highly profitable.
More protocols may adopt Jito's approach to airdrops, with an emphasis on benefitting wallets of smaller sizes.
BRC20 tokens are gaining momentum with substantial trading volumes, and Bitcoin may see new L2 integration and modular blockchain architecture influence.
The Solana DeFi sector could recover post-Jupiter (JUP) airdrop, with increased capital flow and token releases from protocols.
The impact of the FIredancer client for Solana will be acknowledged, although the technology might not be fully mature by 2024.
New EVM-compatible blockchains like Sei and Monad will launch, possibly drawing interest away from L2s to alternative Layer 1 protocols.
The Secure Virtual Machine (SVM), specifically Eclipse, is gaining interest with its unique rollup and data availability setup.
Rollapp Scaffoldings on Cosmos (like Dymension) may become more popular.
A new competitive landscape for Layer 1 protocols is emerging, with prospects like Sei, Berachain, Monad, and Move chains (Sui/Aptos).
AI is merging with crypto in various applications, from AI Agents to decentralized AI networks, and technologies like Zero-Knowledge cryptography and zkML.
Gaming projects that received funding in prior years are expected to launch, presenting new opportunities in the blockchain gaming sector.
NFTs are predicted to undergo a renaissance, with new use cases and financialization avenues beyond Profile Picture (PFP) NFTs.
That's it for now guys, hope you enjoyed the read. Don't forget to subscribe to this page and turn on the notification bell to stay well informed.
Happy new year, see you soon on the side of profits.