3 Crypto Trends You Can’t Afford to Miss: AI Altcoins, Ethereum’s Big Move, and Gaming Tokens Explode

The post 3 Crypto Trends You Can’t Afford to Miss: AI Altcoins, Ethereum’s Big Move, and Gaming Tokens Explode appeared first on Coinpedia Fintech News

In a recent post on X, Lucie Sasnikova, a marketing specialist for the Shiba Ecosystem and Shibarium Tech, shared insights into the three sectors that will potentially lead the upcoming bull market. Highlighting Artificial Intelligence, Ethereum Layer 2 solutions, and gaming tokens, Sasnikova’s short hint provides a roadmap for investors seeking opportunities in the evolving crypto landscape.

AI Altcoins Taking Center Stage

AI, L2, and gaming will lead this bull market.

NFA – just my way of building a portfolio.$BAD, $BONE, and @treatsforShib are hot .

Let's $leash this up and chat about it later.

— 𝐋𝐔𝐂𝐈𝐄 | SHIB.IO (@LucieSHIB) March 2, 2024

According to Sasnikova’s post, “AI altcoins are pumping, with projects such as The Graph (GRT), SingularityNET (AGIX), and The Ocean Protocol (OCEAN) up 8%, 7%, and 18% respectively.”

Meme coins, including Dogecoin (DOGE), Shiba Inu (SHIB), and the recent entrant Dogwifhat (WIF), showcase remarkable gains, aligning with Bitcoin’s upward trajectory during bull markets.

The surge of AI altcoins takes the spotlight as the strongest narrative in the current bull run. Lucie Sasnikova points to the growing significance of AI technology in daily life, with Nvidia’s ascent to become the third-largest global company by market capitalization. The influence of Nvidia, a key player in developing computer chips crucial for AI technology, catalyzes rallies among AI altcoins.

The Ethereum Layer 2 Evolution

Sasnikova delves into the development of Ethereum Layer 2 solutions, predicting a major event in 2024. The impending Cancun upgrade, coupled with Vitalik Buterin’s release of the Ethereum 2024 roadmap, has sparked optimism. Ethereum Layer 2 project tokens, such as ARB and OP, have experienced significant price surges.

Sasnikova underscores the fierce competition among public chain ecosystems, with Ethereum set to regain its influence. Vitalik Buterin’s long-term vision emphasizes the importance of zero-knowledge proof, with projects like zkSync and StarkWare gaining favour. 

Moreover, the successful implementation of the Cancun upgrade is expected to drive down gas costs, making Ethereum Layer 2 projects competitive with other Layer 1 public chains.

Gaming Tokens: A Blossoming Sector

Lucie’s post has highlighted the evolving landscape of blockchain-based gaming tokens, acknowledging a surge in 2021 and 2022 with projects like Axie Infinity and Stepn leading the way. Although the 2023 market for gaming tokens was down, optimism persists due to improved infrastructure. Traditional gaming markets provide a substantial foundation, and the integration of blockchain gaming into mainstream consciousness presents immense potential.

Gaming tokens, including Gala Games (GALA), Axie Infinity (AXS), and ImmutableX (IMX), gain attention for their utility and incentives, attracting gamers seeking in-game earnings.

Sasnikova notes, “Gaming tokens also have strong utility, with enthusiasts, comprising gamers, chasing incentives through in-game earnings.”

In Short

The market narrative, Sasnikova suggests, revolves around AI as the largest sector story, especially with Bitcoin ETFs driving capital inflows. As the momentum of AI in US stocks continues, the crypto market’s AI narrative remains robust. Ethereum’s Layer 2 evolution is seen as a major event in 2024, poised to compete with other public chains. The gaming token sector, while relatively small in TVL (Total Value Locked), holds promise as blockchain gaming gains traction.