As you may have noticed, the crypto world is always changing, with new trends popping up all the time. While Blackrock has been making waves with its recent crypto ventures, there are many other trends worth keeping an eye on in 2024.
1. Trust is Everything
I think blockchain and cryptos still need to win people's trust. Self-custody wallets using DEX (Decentralized Exchanges) are progressively replacing accounts on centralized exchanges like Binance or KuCoin. However, it's still complicated. Account abstraction should help more users to have a self-custodial wallet.
2. The Bull Run Is Coming
Despite a few pumps, the crypto market is still in a slump, but the next bull run might be just around the corner, fueled by the expected Bitcoin and Ethereum ETFs... and BTC halving.
3. The Metaverse Is Here to Stay
The Metaverse is a virtual world where people can hang out and interact with digital assets. It's still in its early stages, but If think it has the potential to revolutionize how we use the internet... In a few years from now.
4. Tokenized Real-World Assets Are On the Rise
As you may know, these are digital tokens that represent real-world assets like stocks, bonds, and even real estate. They have the potential to make it easier for investors to get a piece of the action.
5. Gaming Is a Huge Opportunity for Web3
I think Web3 is the next generation of the internet, built on blockchain technology. It has the potential to change how we use the internet, and gaming is one area where Web3 has a lot of promise.
Tips for Investing in Crypto in 2024
- Do your homework. Before investing in any crypto project, research it and understand its goals and potential risks.
- Spread your bets. Don't put all your eggs in one basket. Invest in a variety of crypto projects to reduce your risk.
- Think long-term. Don't expect to get rich quick with crypto. Invest for the long haul and be patient.
Disclaimer: Only invest what you can afford to lose. The crypto market is unpredictable, so only invest what you're okay with losing.
