The latest Cointelegraph Report delves into the crypto trends that are poised to shape the industry in 2024.
Trend 1: Bitcoin
In 2024, Bitcoin (BTC) is set to take center stage, thanks to the recent approvals of spot Bitcoin exchange-traded funds (ETFs) and the upcoming halving. Predictions on the potential price surge of Bitcoin range from $80,000, as suggested by Bitwise Invest, to a more audacious million-dollar forecast put forward by passionate BTC advocate Samson Mow.
Trend 2: Tokenization of Real-World Assets
Tokenization, which involves transferring real-world assets onto the blockchain, is expected to be a defining trend in 2024. This process enables fractional ownership, making it possible to divide large assets like real estate into smaller pieces, thereby increasing accessibility to a wider audience. A survey conducted by Ripple in 2023 reveals that 72% of finance leaders plan to integrate tokenization into their businesses within the next three years.
Trend 3: GameFi
Experts anticipate that blockchain-based games will overcome the obstacles they have faced thus far, particularly in terms of user experience, which has hindered their widespread adoption. Analysts at VanEck predict the release of several high-quality blockchain games that have the potential to attract 1 million users.
To discover the remaining two trends that will shape the industry in 2024, be sure to check out the complete video on our YouTube channel. Don’t forget to subscribe to stay up to date!