In the latest Cointelegraph Report, we highlight the crypto trends that will likely define the industry in 2024.
Trend 1: Bitcoin
Due to the combined effect of the recent approvals of spot Bitcoin exchange-traded funds (ETFs) and the imminent halving, Bitcoin (BTC) will play a leading role in 2024. Predictions on how high Bitcoin’s price could go vary from $80,000, according to Bitwise Invest, to a bold million-dollar forecast from ardent BTC supporter Samson Mow.
Trend 2: Real-world asset tokenization
The transfer of real-world assets onto the blockchain will likely become one of the defining trends in 2024. Tokenization allows for fractional ownership, which means breaking large assets like real estate into small pieces, thus making them more accessible to a larger public.
A 2023 survey from Ripple shows that 72% of finance leaders plan to adopt tokenization in their business within the next three years.
Trend 3: GameFi
Many experts expect blockchain-based games to overcome the hurdles faced so far — in particular, poor user experience, which has slowed the adoption process of these games.
Analysts at VanEck anticipate the release of several triple-A blockchain games that have a chance to reach 1 million users.
To find out about the other two trends that will define 2024, make sure to watch the full video on our YouTube channel, and don’t forget to subscribe!
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