Don’t Miss Out on These 3 Crucial Crypto Trends: AI Altcoins, Ethereum’s Significant Leap, and the Surging Popularity of Gaming Tokens
Lucie Sasnikova, a marketing specialist for the Shiba Ecosystem and Shibarium Tech, recently shared her insights into the three sectors that are expected to lead the upcoming bull market. These sectors include Artificial Intelligence (AI), Ethereum Layer 2 solutions, and gaming tokens. In her post, Sasnikova highlights the significant gains in AI altcoins, such as The Graph (GRT), SingularityNET (AGIX), and The Ocean Protocol (OCEAN). She also mentions the remarkable performance of meme coins like Dogecoin (DOGE), Shiba Inu (SHIB), and Dogwifhat (WIF), which align with Bitcoin’s upward trajectory during bull markets.
The surge of AI altcoins is the most prominent narrative in the current bull run. Sasnikova points out the growing importance of AI technology in daily life, citing Nvidia’s rise to become the third-largest global company by market capitalization. Nvidia’s influence has contributed to the rallies among AI altcoins, as the company plays a crucial role in developing computer chips for AI technology.
Sasnikova also discusses the development of Ethereum Layer 2 solutions, predicting a major event in 2024. The upcoming Cancun upgrade and Vitalik Buterin’s release of the Ethereum 2024 roadmap have generated optimism in this sector. Ethereum Layer 2 project tokens, such as ARB and OP, have experienced significant price surges. Sasnikova emphasizes the fierce competition among public chain ecosystems, with Ethereum poised to regain its influence. Vitalik Buterin’s long-term vision emphasizes the importance of zero-knowledge proof, with projects like zkSync and StarkWare gaining favor. The successful implementation of the Cancun upgrade is expected to reduce gas costs, making Ethereum Layer 2 projects more competitive with other Layer 1 public chains.
In addition, Sasnikova highlights the blossoming sector of gaming tokens in the blockchain landscape. She acknowledges the surge in gaming tokens in 2021 and 2022, with projects like Axie Infinity and Stepn leading the way. Despite a decline in the gaming token market in 2023, Sasnikova remains optimistic due to improved infrastructure. The integration of blockchain gaming into mainstream consciousness presents immense potential, as traditional gaming markets provide a solid foundation. Gaming tokens like Gala Games (GALA), Axie Infinity (AXS), and ImmutableX (IMX) attract attention for their utility and incentives, appealing to gamers seeking in-game earnings.
In summary, Sasnikova suggests that the market narrative revolves around AI as the largest sector story, especially with the influx of capital from Bitcoin ETFs. The momentum of AI in US stocks continues to drive the AI narrative in the crypto market. The evolution of Ethereum Layer 2 solutions is seen as a significant event in 2024, positioning Ethereum to compete with other public chains. Although the gaming token sector is relatively small in terms of Total Value Locked (TVL), it holds promise as blockchain gaming gains traction.