Today we're going to talk about coins that will be interesting in 2024 and how to find them during a quiet market.
Yes, the market is boring, altcoins are falling like leaves on trees, but it won't always be like that, and the bull market is sure to return. Where to start looking for coins? Right now there are 1.8+ million cryptocurrencies and digging through such a pile is useless, considering that 85% of projects are useless and will never give anything to their holders.
But we need to simplify the task, and it is very easy to do it if we divide cryptocurrency into segments. What is that? Cryptocurrencies are divided into segments, for example #memecoins segment (DOGE, PEPE), or smart contract platforms (SOL, AVAX, ETH) and a bunch of other different segments. So first you need to divide cryptocurrency into segments and understand which ones will be relevant in the next #bullrun . Because every time there is a bull market in crypto, about every 4-5 years, there are new interesting segments that give the maximum capital growth. The old segments also grow by inertia, but they give less profit than the new ones.
So let's see what segments will be relevant for 2024-2025.
If you want to see for yourself what segments exist now, just go to the CoinMarketCap website.
Now it is much more important to identify key segments rather than specific coins, because many projects are developing, but they are not in a hurry to release tokens, announce news, because everyone is waiting for a good market. The same thing happened in the last cycle, if you remember, the leader of 2021 Solana, appeared on the market only in 2020, right before the bull market, the same can be now. So let's identify the key segments and coins that already exist and are traded on the exchange.
The first important segment is AI.
It is obvious that the topic of artificial intelligence will not go anywhere and will only gain momentum and there will be interesting projects in 2024, which will give profit, but let's now choose something from what is traded on the market.
So the AI segment is FET, GRT, AGIX, OCEAN and FET is the obvious leader from the point of view of the chart for 2023 token FET has grown 10 times and has already managed to fall by 70%, so perhaps it will remain the leader of the AI segment. At least for now, but we are waiting for more interesting projects in 2024 because all the projects that exist on the market now are quite old and have already grown a lot and fallen a lot and have a lot of holders.
The next interesting segment is crypto wallets.
Basically #cryptowallets are neobanks, it is the basis of the market and the entrance to crypto because any user needs somewhere to buy crypto, somewhere to store it, sell it, withdraw it and all this is done on wallets. Of course you can store crypto on exchanges but we know it's not as secure. Because they are not your wallets, they are the wallets of the exchange.
So the safest way to store crypto on your wallets like the big players do. Let's take a look at what's in the market right now. Among the projects that are already on the market are interesting tokens of #TrustWallet $TWT , #SafePal SFP and C98. Let's focus on the wallet with the token TWT. This is a very interesting project for me personally. It is part of the binance ecosystem, the largest user base among wallets, more than 70 million users, the largest number of integrated blockchains and tokens. I think the project is very underrated.
The next segment is RWA (RealWorld assets)
What is RWA? It is a process by which real assets such as stocks, real estate, manufacturing resources, and more are converted into digital tokens on the blockchain. These tokens can be bought and sold like cryptocurrency, and they provide access to these assets even to investors who have not previously had access to the relevant markets or exchanges.
Example: you can purchase tokens representing Apple stock exclusively using cryptocurrency without having direct contact with U.S. exchanges. This overcomes geographical and financial barriers, making global assets more accessible to all.
The main advantage of tokenization is that these transactions are safely and securely recorded on the blockchain, making them virtually impossible to change. This gives trust and transparency to all market participants.
At the moment, there are not many projects actively working in this direction, but the upward trend is evident. Some projects like Maker and Chainlink (LINK) are already moving in this direction. I don't think LINK can give much profit, the project has been moving in this direction for a long time and is quite heavy. Perhaps in the coming years we will see more projects switching their attention to tokenization of real assets.
And the next segment is projects from Binance launchpad IEO
Binance launchpad gives very interesting projects with very good results. And I think we can see a repeat from 2019, when projects on binance gave profit to those who participated on the launchpad, then there was a listing, they fell by 80%, but in bull markets gave many profits.
For example MATIC fell 80%+ but then rose 40 times, ONE fell 95% and rose 26841%, CELER fell 96% and rose 19519%. So all had the same behavior, launchpad, then listing, big drop and then huge growth in a bull market. What we have now from Binance IEO 2023 - MAV, CYBER, PENDLE, HFT, HOOK, ID, EDU, ARKM, SEI.
Overall this is a segment to watch. The segments are basically moving together, one IEO project starts to grow and the others pull up along with it, because you have to realize that traders see these segments and realize that there is some general growth. So when some IEO coins start to move, others will also start to repeat, someone weaker, someone stronger, but even the weak projects will grow, because it is one segment and they also have common bakers.
Layer 2 segment
Not a lot of players here right now. These are ARB, OP, MATIC. It is not important to know everyone, it is important to understand the leaders and so far it is Arbitrum.
And here it is important to study ecosystems of projects, because ecosystems can grow much better than the base token. Let's say the base token is Arbitrum, but there are many projects built on $ARB and can grow more because of less capitalization.
Just google this ecosystem and choose a decent project, because this is actually a very new segment and not many people will give good advice except you. Those projects that will show a large volume and good growth will be listed on exchanges and then even more profit.
The last segment I'm following is DeFi 1.0 and 2.0
The first generation of DeFi projects are LINK, AAVE, CRV, UNI. In general, Ethereum ecosystem projects and will grow right after it.
DeFi 2.0 is what became popular during the bear market. This is perpetual DEX - GMX, DYDX. And there are also projects that make their own stablecoins - FRAX (FXS), GHO (AAVE), CUSD (C98), I really don't see something cool here, more as an example because USDT is still the best on the market. In general, the DeFi ecosystem is working and still alive, projects are developing and can still give some profit.
Of course, not all of the projects are interesting and will grow by many percent, but this should be enough to understand what awaits us in the bull market. We will consider other segments in the next articles. Not financial advice. DYOR.
