ChangeNOW Unveils 5 Crypto Trends for 2024
1. Bitcoin Price Stability Amid Recession and Halving Event
The year 2024 is poised to be significant for Bitcoin, particularly in the context of the looming recession in the US.
As of January 11th, the cryptocurrency market witnessed a historic moment with the approval of the first Bitcoin ETFs. This groundbreaking development is expected to funnel over $2 billion into the market, substantially bolstering BTC price.
In tandem, Bitcoin is currently valued at $46,273.60. Furthermore, the 4th Bitcoin halving event, scheduled in this year, is projected to unfold with minimal market disruption. This could lead to a further increase in Bitcoin's value, potentially yielding substantial profits for certain low-cost miners.
2. Stablecoin Dominance Over Traditional Money Transfer
In a remarkable development, stablecoins are set to surpass Visa in total money transfer volume. This marks a monumental shift in the financial transfer landscape, with stablecoin ecosystems, especially those backed by Liquid Staking Derivatives (LSD), poised to showcase stellar performance.
3. Convergence of AI and Blockchain Technologies
2024 can witness an innovative blend of AI and Blockchain technologies. AI assistants will start using cryptocurrencies for online transactions, marking a significant step in establishing digital currency as the primary currency of the internet. The expansion in AI agent frameworks, especially in gaming and the use of ERC6551 (Parallel), is set to enhance the efficiency and user experience of Blockchain technology significantly.
4. Surge in Layer 1/2 (L1/L2) Solutions
The upcoming year is expected to bring renewed interest and progress in Layer 1/2 solutions. Increased developer activity, higher total value locked (TVL), the emergence of innovative decentralized applications (dApps), and strong community development efforts, particularly in networks such as Sui, Sei, Aptos, Base, and Scroll, are anticipated.
5. The Rise of Solana
Predictions suggest a significant leap for Solana, which is expected to enter the top three blockchains by market capitalization, TVL, and user count. This rise is likely to be fueled by developments in its Pyth oracle and increasing interest in DeFi TVL and ETFs.
ChangeNOW is actively incorporating latest crypto trends into its platform, ensuring it remains a crucial player in the global cryptocurrency market. By supporting innovative solutions, ChangeNOW makes advanced crypto solutions accessible to a wide audience, reinforcing its position as a leader in the cryptocurrency exchange sector.
