Key Crypto Trends You Must Be Aware Of: AI Altcoins, Ethereum’s Significant Upgrade, and Gaming Tokens
Lucie Sasnikova, a marketing expert at Shiba Ecosystem and Shibarium Tech, recently shared her insights on the three sectors that are expected to dominate the upcoming bull market. Let’s take a closer look at the exciting world of Artificial Intelligence (AI), Ethereum Layer 2 solutions, and gaming tokens.
AI is riding the wave of success, with meme coins like Dogecoin (DOGE), Shiba Inu (SHIB), and the new entrant Dogwifhat (WIF) experiencing remarkable gains. These coins are aligning with Bitcoin’s upward trajectory during bull markets. Lucie Sasnikova believes that AI, along with L2 solutions and gaming, will lead the bull market.
The surge of AI altcoins has become the strongest narrative in the current bull run. Lucie points out the growing importance of AI technology in our daily lives, highlighting Nvidia’s rise to become the third-largest global company by market capitalization. Nvidia plays a crucial role in developing computer chips essential for AI technology, which in turn drives rallies among AI altcoins.
Moving on to Ethereum’s Layer 2 solutions, Sasnikova predicts a game-changer in 2024. With the Cancun upgrade on the horizon and Vitalik Buterin unveiling Ethereum’s 2024 roadmap, optimism is in the air. Tokens like ARB and OP are riding the wave of significant price surges. Lucie emphasizes Ethereum’s battle to reclaim its supremacy in the public chain realm, focusing on Vitalik’s vision for zero-knowledge proof. Projects like zkSync and StarkWare are gaining favor in this regard. The successful implementation of the Cancun upgrade is expected to reduce gas costs, making Ethereum Layer 2 projects competitive with other Layer 1 public chains.
Lucie also acknowledges the frenzy surrounding gaming tokens, particularly Axie Infinity and Stepn’s leading roles in 2021 and 2022. Despite a dip in 2023, optimism remains high due to improved infrastructure. Gala Games (GALA), Axie Infinity (AXS), and ImmutableX (IMX) take center stage with their enticing utility and incentives, attracting gamers who are eager to earn in-game rewards.
In summary, Lucie Sasnikova highlights the market narrative, placing AI at the forefront, especially with the rise of Bitcoin ETFs. Ethereum’s Layer 2 evolution is seen as a significant event in 2024, poised to challenge other public chains. While the gaming token sector may currently have modest Total Value Locked, it holds promise as blockchain gaming continues to gain traction.