A crypto researcher with the X username ‘Layergg’ has revealed the key narratives and trends that could drive the crypto market in 2024. According to Layergg, the crypto space is witnessing a surge of innovation and adoption, especially in the areas of Layer-2 scaling, DeFi, AI, and meme coins.
Layergg highlighted the importance of Layer-2 scaling solutions, which aim to improve the speed and efficiency of transactions on the blockchain. Layergg mentioned some of the leading projects in this domain, such as Optimism (OP), Arbitrum (ARB), Polygon (MATIC), Manta Network (MANTA), and Blur (BLUR).
Layergg also pointed out that Bitcoin (BTC) reaching the $52k price level could trigger a shift of attention to “BTC-Beta” tokens or projects that are related to Layer-2 and DeFi. Some of the examples that Layergg gave were Stacks (STX), Rootstock Infrastructure Framework (RIF), Bounce (AUCTION), ALEX Lab (ALEX), and Badger DAO (BADGER).
In addition, Layergg noted that the upcoming Chinese New Year could have an effect on some tokens that have ties to the Chinese market. Layergg cited Nervos Network (CKB), VeChain (VET), VeThor (VTHO), LeverFi (LEVER), Qtum (QTUM), and Phoenix (PHB) as potential beneficiaries of this event.
Crypto AI & Meme Coins: The Emerging Trends
Another trend that Layergg emphasized was the rise of crypto projects that focus on artificial intelligence (AI). Layergg believes that these projects could have a significant impact on the crypto space, as they leverage the power of AI to create new possibilities and solutions.
Layergg named some of the fast-growing tokens in this category, such as Bittensor (TAO), Worldcoin (WLD), Akash Network (AKT), and Render Network (RNDR).
In 2024, Layergg foresees a possible resurgence in the popularity and demand for meme coins, drawing inspiration from widely recognized internet memes.
Notable meme coins highlighted by Layergg include Pepe (PEPE), MEME, BONK, and Floki (FLOKI). Additionally, Layergg suggests that coins within the gaming sector, like MAVIA, might experience significant growth opportunities.
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Layergg concluded by saying that the crypto market is in a bullish phase, and that investors should pay attention to the narratives and trends that could shape the future of the industry. Layergg also advised investors to do their own research and due diligence before investing in any crypto project.
Furthermore, the author’s views are for reference only and shall not constitute investment advice. Before purchasing, please ensure you fully understand and assess the products and associated risks
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