By Adrian Barkley
Translation: Blockchain in Vernacular
Since its inception, the crypto market has been a hotbed of innovation, with new applications, platforms, and trends emerging all the time. In such a dynamic market, new developments emerge every day, so it is important to stay vigilant, including the US election in November, which may be crucial for cryptocurrency legislation.
Three trends that are expected to lead the next bull run include GameFi, Meme Coins, and Layer 2Token. Each trend offers unique opportunities and considerable return potential. In this guide, we will explore these trends in detail, provide in-depth insights, and recommend the most promising tokens in each category.
Top Crypto Trends for the Next Bull Run
With the positive sentiment in the crypto market for 2024, it is not difficult to understand the new trends that are constantly emerging in the market. Below, we will discuss three trends that you must pay attention to in the coming months - GameFi, Memecoin, and Layer 2.
1. GameFi — the combination of games and decentralized finance
GameFi, or Game Finance, is a fusion of gaming and decentralized finance (DeFi), creating an in-game economy. It introduces the concept of "play-to-earn" (P2E), where players can earn digital assets, rare items and other rewards through in-game activities. It also allows players to earn cryptocurrencies and NFTs (non-fungible tokens) by playing blockchain games.
This "play to earn" crypto trend has gained huge popularity due to the opportunity it offers players to monetize their gaming skills and time. GameFi combines the appeal of traditional gaming, such as engaging gameplay and graphics, with blockchain technology to give players true ownership of in-game assets. In 2024, this trend has received a huge boost due to the success of games such as Axie Infinity and The Sandbox, which not only create a more engaging and rewarding experience for players, but also attract investors who see the potential for huge returns.
Looking ahead, with the global video game market expected to reach $665 billion by 2033 and the P2E games category on CoinMarketCap already valued at over $13 billion, GameFi represents a significant evolution for the gaming industry.
If you want to join the trend, here are some of the best GameFi Tokens you can buy right now:
1) The Meme Games — A fast-growing Olympic-themed meme coin
One of the best GameFi Tokens you can buy is The Meme Games. This is a hot new meme coin with strong upside potential, themed around the 2024 Summer Olympics, and offers a unique way to reward early investors who participated in the presale.
The presale has raised over $340,000 so far, showing growing investor interest. $MGMESToken is currently trading at $0.0092 each and early investors can purchase directly through the official presale website.
The Meme Games is a groundbreaking GameFi project that combines meme culture and competitive gaming elements. In addition, investors can also stake tokens during the pre-sale period, helping them to earn a high annualized rate of return (APY) of over 600%. These features, combined with other features of the platform, have significantly increased analysts' expectations for MGMESToken.
All in all, if you want to catch the GameFi trend before the next bull run, The Meme GamesToken is one of the best options you can buy. The presale will last until the end of the 2024 Paralympic Games, which is September 10, when $MGMESToken will be listed on the decentralized exchange (DEX). For more information, visit The Meme Games' official website.
2) PlayDoge - Best P2E Dogecoin Companion Game
Another token you can buy to participate in the next bullish GameFi trend is PlayDoge, a unique GameFi token that is positioned as one of the top cryptocurrencies with the greatest potential in 2024.
Basically, PlayDoge is a groundbreaking project that combines the popular Doge meme with a play-to-earn (P2E) mobile game that lets users earn $PLAYTokens while taking care of a Tamagotchi-like puppy. In other words, it’s a play-to-earn game where players control a dog character in a fun and dynamic environment. Moreover, the game’s fun design and low barrier to entry make it very popular among casual gamers and cryptocurrency enthusiasts.
Over the past month, some GameFiTokens have benefited from the rising GameFi trend, and the PlayDoge project is hoping to achieve similar success this summer, with plans to list its token on a centralized exchange soon. PlayDoge is well positioned to take advantage of this trend, and apparently, its presale has raised more than $5.9 million, with each $PLAYToken trading at a discounted price of $0.00527. Crypto investors and analysts have high hopes for $PLAYToken, with some even believing it could be the next token with 10x growth potential.
Another benefit of this token is that PLAY stakers can receive rewards of up to 70% annualized yield (APY) and earn PLAYTokens by taking good care of their PlayDoge.
Investors interested in joining the GameFi trend through this token can visit the official pre-sale website and follow PlayDoge on the X platform.
3) Shiba Shootout - The Crypto Wild West Frontier
Next up is Shiba Shootout ($SHIBASHOOT), another token we recommend to get in on the GameFi trend. Shiba Shootout is about to launch its exclusive play-to-earn game, Shiba Sharpshooter, which will be available soon on Android and iOS platforms.
This GameFi platform offers an action-packed gaming experience where players can earn SHIBAToken by joining the community and playing games. The game features multiple battle modes and allows players to use NFTs to upgrade characters. Its engaging gameplay and reward ecosystem have attracted a large number of players, making it a GameFi project worth paying attention to.
In addition to its many practical features, SHIBASHOOT also offers a referral program, a community story season event (the best stories will receive token rewards), and a lottery system where token holders can win a large number of cryptocurrency rewards.
Additionally, to add to the excitement, investors can earn lucrative returns by purchasing and staking $SHIBASHOOT tokens. Shiba Shootout stakers can earn up to 1000% annualized yield (APY) when staking tokens in the Cactus Staking Pool. As of press time, the project's presale has raised over $880,000, with each SHIBASHOOT trading at just $0.0198.
Overall, this cryptocurrency is perfect for investors who want to experience a unique mobile crypto gaming experience, as well as those who are interested in joining the GameFi trend.
For more information, follow Shiba Shootout on the X platform or join its Telegram page.
2. Memecoin - a cryptocurrency inspired by internet memes
Another huge crypto trend is Memecoins, which are cryptocurrencies that are derived from a meme or viral online trend. Unlike traditional cryptocurrencies, memecoins usually do not have a specific use case or technological innovation, but mainly derive value from their community and social media influence. Despite the interesting nature of memecoins, memecoins such as Dogecoin and Shiba Inu have gained significant market value and traction during the year.
Memecoin’s popularity lies in its community-driven approach and the potential for huge returns due to virality. This makes memecoins a highly speculative investment, which is why they have dominated the first half of this year, making them one of the best crypto trends to invest in before the next bull run. Usually, when the crypto market is booming, memecoins also gain traction.
To participate in the Memecoin trend, you need to find the most disruptive memecoins on the market. Here are the better Memecoins currently developing:
1) Base Dawgz - Animated dog themed Memecoin
Base Dawgz ($DAWGZ) is a brand new dog-themed Memecoin based on the Base blockchain, supporting multi-chain compatibility with Ethereum, Solana, BN, and Avalanche networks. As Base-built meme tokens gradually gain popularity in a market of over $2 billion, and dog-themed coins also occupy the forefront of meme tokens, Base Dawgz has potential growth opportunities in the next round of crypto bull market.
Base Dawgz (DAWGZ) is one of the most promising Memecoins out there, even though it is still in presale, thanks to its multi-chain interoperability, staking rewards, and unique airdrop offers. The technical advantages of this token set it apart. Leveraging new Web3 tools such as Wormhole and Portal Bridge technology, Base Dawgz’s home chain is Base, but the project will connect Ethereum, Solana, BN, and Avalanche chains, enabling seamless navigation across multiple blockchain platforms.
In addition, there is currently an ongoing referral earning airdrop event where users can collect points by referring others to participate in the pre-sale. These points can be exchanged for DAWGZ tokens after the token is launched.
In addition, the high income potential for DAWGZToken holders is another reason to include Base Dawgz in the meme coin trend. The project is running a "social airdrop" event, which is a share-earn-reward event. This means that during the pre-sale period, interested investors can create and share memes about Base Dawgz and publish them on the X platform. For each piece of content generated, Base Dawgz will provide points, which can be exchanged for DAWGZToken later. Another reason why crypto analysts are optimistic about Base Dawgz is that it provides users who stake tokens with an annualized rate of return (APY) of more than 900%.
So far, the presale of Base Dawgz has raised more than $2.8 million, making it one of the most successful presales this year. Each DAWGZ token is trading at $0.007414, up nearly 50% from its initial price. The token can be purchased with ETH, USDT, BNB, AVAX, and SOL.
To learn how to participate in Base Dawgz’s upcoming airdrop, follow the project on X-platform.
2) Dogecoin - open source peer-to-peer digital currency
Another Memecoin that we recommend is Dogecoin, which is probably the most famous of all Memecoins. In fact, Dogecoin is an open-source, peer-to-peer digital currency that has gained a lot of popularity in recent years and is currently the ninth largest cryptocurrency in the world by market capitalization.
Dogecoin was originally created as a joke in 2013 and is considered the original meme coin. It has grown into one of the most well-known cryptocurrencies, in part due to support from celebrities and crypto enthusiasts. Dogecoin's large and enthusiastic community, coupled with its gradual adoption for payments and tipping, continues to drive its popularity and value.
One of the famous supporters of Dogecoin is Elon Musk, the CEO of X Platform. He publicly expressed his support for the cryptocurrency on Twitter and even recommended it as a legitimate payment option, which played a big role in the increase of its market price.
In terms of price action, Dogecoin is up just 6.6% year-to-date, while the one-year return is close to 29%. However, it is still trading below its one-year high of $0.229 and well below its all-time high of $0.7316.
Dogecoin has a market cap of nearly $15 billion and is primarily used as a tipping system on Reddit and X to reward the creation or sharing of quality content.
Despite many skeptics, Dogecoin remains one of the best Memecoins to buy right now.
3. Layer 2 Token - Blockchain Multiplier
Layer 2Token is another cryptocurrency trend worth watching, offering great potential for the next bull run. Over the past year, crypto applications built on Layer 2 technology have gained huge popularity, mainly due to the fact that this technology solves many problems of standard blockchain networks.
Layer 2 technology basically refers to solutions built on top of existing blockchain networks (Layer 1) to improve scalability and transaction speed. These solutions, such as Rollups and state channels, are designed to address the limitations of Layer 1 blockchains, such as high fees and slow transaction speeds, without compromising on security or decentralization. This technology is critical to the mass adoption of blockchain applications because it improves user experience and reduces costs.
Here are some Layer 2 tokens worth buying as you join this trend.
1) Pepe Unchained - Pepe's Layer 2 blockchain
Pepe Unchained is a unique Ethereum Layer2 Memecoin that features the iconic Pepe image on its own Layer2 network. By leveraging Layer2 technology, PEPU aims to increase the efficiency and transaction capacity of the blockchain, making it one of the most promising coins in the cryptocurrency market.
The much-anticipated Pepe Unchained Memecoin is a Pepe-inspired token that is widely seen as an alternative to the third-largest Memecoin by market capitalization, PEPE. The project leverages Layer 2 technology to provide significant advantages, including an annualized yield (APY) of over 200% and lower gas fees.
Additionally, 30% of $PEPU's total supply of 8 billion is allocated for staking rewards, which, along with the reduction in mainnet transaction costs, gives PEPU significant price growth potential.
Despite Ethereum’s upgrade to Ethereum 2.0, its network is still considered slow and transaction fees are still too high compared to other cutting-edge blockchains. Pepe Unchained aims to overcome these limitations by introducing Layer 2 chains, providing higher speeds and lower fees.
Investors are very excited about the project, as evidenced by the fact that its presale raised over $7.6 million within a few weeks of launch.
Currently, the price of PEPU is only 0.008946, and raising more than 7 million US dollars shows that the market demand is strong, and the price is expected to rise sharply after the pre-sale.
4) Polygon - Ethereum Layer 2 Expansion Network
Polygon (formerly Matic Network) is a protocol and framework for creating and connecting Ethereum-compatible blockchain networks. As a Layer 2 solution, it aims to improve the scalability, speed, and cost-effectiveness of the Ethereum blockchain. It provides a powerful platform for building and connecting Ethereum-compatible blockchain networks.
Polygon increases transaction throughput by processing transactions off the Ethereum mainchain and finalizing those transactions on Ethereum. This reduces congestion and lowers gas fees, which is one of the main issues faced by other cryptocurrency platforms.
Polygon’s low fees, fast transaction times, and broad developer support make it a popular choice for decentralized applications (dApps) and DeFi projects. As of now, it is the 21st largest cryptocurrency with a market cap of just over $4 billion.
In terms of price performance, Polygon has not performed as well as expected. The coin is down -58% year-to-date (YTD) and -41% over the year. However, for an established project like Polygon, this could be a buying opportunity.
Polygon's sidechain structure is specifically designed to support various decentralized finance (DeFi) protocols within the Ethereum ecosystem. Although Polygon currently only supports the Ethereum main chain, the network plans to expand support for other base chains based on community suggestions and consensus.
With this expansion, Polygon will become a decentralized, compatible Layer 2 blockchain platform. This makes Polygon (MATIC) undoubtedly one of the best investment options, especially for investors who want to join the Layer 2 Token trend in the next bull market.
4. Other possible crypto trends
Looking ahead to the next bull run, here are several other crypto trends to watch:
1) Decentralized Finance (DeFi)
DeFi continues to revolutionize the traditional financial system by providing decentralized banking, lending, and trading alternatives. DeFi innovations such as yield farming, lending protocols, and decentralized exchanges are expected to grow further. As an umbrella term covering peer-to-peer financial services, DeFi is primarily based on Ethereum and is one of the trends to watch in 2024 and beyond.
2) Non-fungible Tokens (NFTs)
NFTs have changed the way we think about digital ownership and collectibles. From digital art and virtual real estate to game items and music copyrights, NFTs provide unique opportunities for creators and collectors. The combination of NFTs with GameFi and the Metaverse is also a trend worth paying attention to.
3) Central Bank Digital Currencies (CBDCs)
As digital currencies become increasingly popular, many countries are exploring the development of CBDCs to modernize their financial systems and provide digital alternatives to cash. The introduction of CBDCs could significantly impact the global financial landscape and drive further adoption of digital currencies.
4) Interoperability Solutions
As the number of blockchain networks grows, interoperability between networks becomes increasingly important. Projects like Polkadot and Cosmos are developing solutions to enable seamless communication and asset transfers between different blockchains, which could drive innovation and adoption.
5) Green Cryptocurrency
As awareness of the environmental impact of cryptocurrency mining, especially Bitcoin, increases, green cryptocurrencies that use consensus mechanisms that consume less energy are gaining traction. Projects like Chia, which uses proof-of-space and proof-of-time consensus, are leading this trend.
6) Decentralized Autonomous Organizations (DAOs)
DAOs provide a new way to organize and govern communities and projects through blockchain technology. By using smart contracts and decentralized voting mechanisms, DAOs can operate transparently and democratically, attracting interest from all walks of life. This is a trend worth paying attention to before the next bull market.
7) BRC20 Token
BRC20 tokens are a recent innovation that has shaken up the crypto world by creating tokens on the Bitcoin blockchain. This development has opened up exciting possibilities for investors and businesses.
The rise of BRC20Token takes advantage of Bitcoin's established security and broad user base, and investors can now access a wider range of financial products such as DeFi tools and tokenized assets, all built on the trusted Bitcoin network. In addition, companies can also create their own tokens for fundraising or loyalty programs, leveraging Bitcoin's brand recognition and stability. The potential of BRC20Token to expand possibilities on the Bitcoin blockchain has driven current market movements, and this is a trend worth paying attention to before the next bull market.
Link to this article: https://www.hellobtc.com/kp/du/08/5355.html
Source: https://cryptodaily.co.uk/2024/08/best-crypto-trends-for-next-bull-run-gamefi-meme-coins-layer-2
