bitcoin
Bitcoin (BTC) $ 52,023.94
ethereum
Ethereum (ETH) $ 2,979.17
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 354.33
solana
Solana (SOL) $ 107.37
xrp
XRP (XRP) $ 0.562673
staked-ether
Lido Staked Ether (STETH) $ 2,975.48
usd-coin
USDC (USDC) $ 1.00
cardano
Cardano (ADA) $ 0.614694
avalanche-2
Avalanche (AVAX) $ 38.22
dogecoin
Dogecoin (DOGE) $ 0.085373
tron
TRON (TRX) $ 0.138805
chainlink
Chainlink (LINK) $ 19.27
polkadot
Polkadot (DOT) $ 7.65
matic-network
Polygon (MATIC) $ 0.999183
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 52,083.95
the-open-network
Toncoin (TON) $ 2.22
internet-computer
Internet Computer (ICP) $ 13.61
shiba-inu
Shiba Inu (SHIB) $ 0.000010
uniswap
Uniswap (UNI) $ 7.49
bitcoin-cash
Bitcoin Cash (BCH) $ 263.73
litecoin
Litecoin (LTC) $ 69.57
dai
Dai (DAI) $ 1.00
immutable-x
Immutable (IMX) $ 3.47
kaspa
Kaspa (KAS) $ 0.178700
leo-token
LEO Token (LEO) $ 4.30
cosmos
Cosmos Hub (ATOM) $ 10.30
bittensor
Bittensor (TAO) $ 631.70
blockstack
Stacks (STX) $ 2.70
optimism
Optimism (OP) $ 4.10
filecoin
Filecoin (FIL) $ 7.58
ethereum-classic
Ethereum Classic (ETC) $ 26.86
hedera-hashgraph
Hedera (HBAR) $ 0.108214
near
NEAR Protocol (NEAR) $ 3.36
aptos
Aptos (APT) $ 9.54
stellar
Stellar (XLM) $ 0.117282
vechain
VeChain (VET) $ 0.044494
injective-protocol
Injective (INJ) $ 36.29
okb
OKB (OKB) $ 50.88
celestia
Celestia (TIA) $ 17.92
lido-dao
Lido DAO (LDO) $ 3.20
first-digital-usd
First Digital USD (FDUSD) $ 0.997648
arbitrum
Arbitrum (ARB) $ 1.97
mantle
Mantle (MNT) $ 0.762663
crypto-com-chain
Cronos (CRO) $ 0.090841
sei-network
Sei (SEI) $ 0.929182
render-token
Render (RNDR) $ 6.09
the-graph
The Graph (GRT) $ 0.240842
monero
Monero (XMR) $ 121.57
sui
Sui (SUI) $ 1.69

AI, GameFi, Meme Coins to Dominate 2024: 15 Altcoins to Watch

0

In 2023, the cryptocurrency market was dominated by three key narratives. These included artificial intelligence (AI), GameFi, and meme coins. This trio captured significant investor interest, setting the stage for the altcoins to watch in 2024.

While it is important to understand the potential drivers of the crypto market this year, it is crucial to highlight 15 altcoins that could make waves in the industry.

AI Tokens Take the Lead

The most captivating narrative of 2023 was AI, with an 11.3% share in crypto narratives interest, according to CoinGecko. The surge in AI was partly fueled by advancements in technology, notably since the launch of OpenAi’s ChatGPT in November 2022.

Akash Network (AKT) and Render (RNDR) were among the top performers. Indeed, AKT’s price soared 1,170% throughout 2023, while RNDR saw its market value rise over 1,000%.

Read more: These Are the Top Altcoins for 2024 According to Experts

Akash Network and Render Price Performance. Source: TradingView

GameFi’s Strong Comeback

GameFi, representing 10.5% of the interest, made a striking comeback in 2023. This resurgence was driven by major video game companies, including Take-Two Interactive, Nexon, Bandai Namco, Konami Holdings, Krafton, Square Enix, and Ubisoft, entering the blockchain gaming arena and significant advancements in blockchain projects.

ImmutableX (IMX) and Ronin (RON) stood out in 2023, with IMX’s price increasing by nearly 480% and RON enjoyed a 580% bull rally.

Read more: 7 Must-Have Cryptos for Your Portfolio Before the Next Bull Run

Immutable X and Ronin Price Performance
Immutable X and Ronin Price Performance. Source: TradingView

The Meme Coin Phenomenon

With an 8.3% share, meme coins were the third most popular narrative. 2023 saw an extended meme coin season, with coins like Pepe (PEPE) and Bonk (BONK) achieving substantial gains.

BONK, in particular, reached a remarkable 3,170% increase in value from its inception in February 2023 to its peak in mid-December. Alongside these, Dogecoin (DOGE) and Shiba Inu (SHIB) remain prominent players in the meme coin sector.

Read more: What Will Happen to Dogecoin, Shiba Inu, and BONK in 2024?

BONK Price Performance
BONK Price Performance. Source: TradingView

Emerging Blockchain Ecosystems

Beyond these narratives, the Solana ecosystem, BRC-20 tokens, and the Ethereum ecosystem garnered considerable attention. Solana, recovering from its “dead-chain” label, witnessed a 945% increase in its token price. In the BRC-20 space, Ordi (ORDI) emerged as a notable token.

These ecosystems represent a growing interest in diversified blockchain technologies and their applications.

Popular Crypto Narratives
Popular Crypto Narratives. Source: CoinGecko

Looking Ahead: The Altcoins to Watch in 2024

Based on 2023’s trends, the following altcoins are worth watching in 2024, ranked by market cap:

AI Tokens: Akash Network (AKT), Render (RNDR), Bittensor (TAO), Fetch.ai (FET), CorgiAI (CORGIAI).
GameFi Tokens: Internet Computer (ICP), Immutable (IMX), The Sandbox (SAND), Axie Infinity (AXS), GALA (GALA).
Meme Coins: Dogecoin (DOGE), Shiba Inu (SHIB), Bonk (BONK), Pepe (PEPE), Floki Inu (FLOKI).

The crypto market is dynamic, making it essential for investors to stay informed about the latest trends and narratives. The altcoins listed above, buoyed by the momentum of 2023, are potentially positioned to lead the market in 2024.

“If you want to be a good crypto investor, the main thing is you need to understand what narratives are actually being driven… It’s all about narratives. It’s all about selecting coins in the narrative. That is the difference between making money and making life-changing money in crypto. That is the only difference,” Ran Neuner, founder of Crypto Banter, explained.

Investors should, however, conduct thorough research and consider market volatility before making investment decisions. As the crypto industry evolves, these narratives and tokens offer a glimpse into what could shape the market in the coming year.

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.

Source link

Leave A Reply

Your email address will not be published.

Shares