Which sectors will stand out in 2024? Are there prospects for DeFi, Metaverse and Layer-2?
For the cryptocurrency market, 2023 has been a turbulent year of recovery that has not led to innovation. Various sectors, from cryptocurrency-producing blockchains to digital assets, shaped by price increases, market corrections and legal regulations, have led to the emergence of new games and the consolidation of existing ones, further enriching the dynamic ecosystem.
Guess this means you have to use the cryptographic code to get the information and money you need. These predictions, which are not just speculation, can help get an idea ahead of the turbulent movements of the cryptocurrency market.
The future of decentralized finance (DeFi)
DeFi, which has an important role in the universe of the blockchain, has exceeded $ 50 billion in terms of market value while taking a breath of financial development. This represents an increase of approximately 32 percent. Based on the debt ratios involved within DeFi, various subsectors have seen significant growth, with lending increasing by 91 percent. However, Decentralized Exchanges (DEXs) witnessed a decline of 11 percent, indicating a shift in liquidity dynamics.
However, the TVL of the blockchain market increased from $56.99 billion to 93.2 billion in just one year. This rise indicates increased confidence in the market and a broader and deeper integration of blockchain technology into the global financial system.
In 2024, the DeFi sector will be available very soon. In particular, increasing corporate interest is setting the stage. For individual investors, the yield farming craze may increase interest in DeFi in the upcoming altcoin season.
Interest in the game and metaverse industry may increase
You will be able to see the metaverse sector in 2024 and you will have a lot of information about it. This year, Apple’s Vision Pro and Meta Quest 3 projects, which entered the virtual game, stand out in the Metaverse field. VR /
Additionally, E-commerce is evolving within the metaverse and is expected to change the way we shop and shop online. With these developments, it is possible for metaverse and game tokens such as gala and MANA to grow and maintain their durability next year. The enthusiasm for these tokens is expected to continue and indicates strong potential in the virtual world. In the meantime, you will be able to look at the industry this way and see it in 2024.
Artificial intelligence cryptocurrencies are promising!
Reflecting technologies such as artificial intelligence coins and ChatGPT in 2023. The fact that artificial intelligence coins, especially RNDR, AGIX and OCEAN, showed you their portable value performance reinforced the thoughts that this growth will continue next year. In particular, RNDR tokens, which grew by 1050 percent, and AGIX tokens, which grew by 640 percent, played a role in strengthening the confidence in the market.
This AI craze, fueled by breakthroughs in machine technology and GPU technology, is setting the stage for a bull run of these coins into 2024, potentially revolutionizing industries from finance to gaming.
Layer 2 scaling solutions
Layer 2 technology is very important. However, Ethereum Cancun gives you few options for 2024 when L2 will be sent to you over the Ethereum network, and Layer 2 solutions are expected to attract significant capital and user activities. It is also possible that they will trigger a new bull run in the Layer 2 region, as they offer classifiable and efficient blockchain solutions.
However, in 2023, Layer 2 tokens are largely present in the cryptocurrency market due to huge jumps in their values. Finally, L2 is also a new technology built on top of an off-chain network or an existing blockchain (Layer 1). The main purpose of this is to solve the transaction speed and scalability faced by large Layer 1 networks.
Can real world assets (RWA) shrink the traditional market?
You can also read about RWAs tokenization market driving growth. A 700 percent increase in TVL was noted in RWA protocols. Among these, Polytrade with a growth of 1000 percent and Clearpool Finance with a growth of 250 percent stood out. So there’s a lot of different information out there and you can use it to get the information you need.
The fact that RWA is responsible for recording the protocol shows that in 2024, RWA will be able to provide the necessary information regarding financial statements and the citizens of the zinc block can be further narrowed down.
Conclusion
2024 promises to be a transformative year, with significant breakthroughs for crypto assets and digital sectors. The stability of Bitcoin, the rise of AI coins, the persistent growth of GameFi, the tokenization revolution in RWAs, and the adoption of Layer 2 technologies indicate that the ecosystem will expand further.
It also further raises the possibility of a BTC Spot ETF alignment that could facilitate institutional and retail investments. However, both leading digital assets and token problems appear to be resolved in the market. The project will be held in 2023, children will be there too SpongeV1 token You can also see that the SpongeV2 token will gain traction in the new year.
Is SpongeV2 necessary?
SpongeV2, that’s it Sponge V1 can be seen in different colors. You can also use the “Stake-to-Bridge” system to achieve this in this project. To earn Sponge V2 tokens, SPONGE tokens are staked.
How to get it?
To accumulate Sponge V2 tokens, they must purchase them officially on the web. Purchased tokens are automatically staked into the V2 pool. It will be possible to earn as many V2 tokens as staked V1 tokens. Staking in small chunks is also available in the form of a SPONGEV2 token that can be accessed online.
The current gore V1 launch price is $0.000025 and there are purchasing options among ETH, USDT and card options.
Visit SpongeV2
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The information in the article is for informational purposes only. It does not constitute any investment advice. Neither your author nor cryptoparahaber.com is responsible for any profit or loss you derive from your investments. Ultimately, investment is based on a strong foundation such as knowledge, experience, research and personal decisions.
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