Top cryptocurrency trends in the world in 2024 to watch out for

In the last few years, there has been a roller coaster experience within the cryptocurrency space. 2022 witnessed a huge downfall in cryptocurrency courtesy of FTX until the market cap increased again in 2023. The crypto market bounced back in 2024 and is still going strong. 

Crypto adoption is increasing and the trend is expected to continue plus we want to see more integration into various sectors. As the global crypto market evolves rapidly, it offers great promise and potential for both investors and industry participants. Evelyn Balyton, our expert, gives an overview of what to expect in this article.

From technological advancements to growing markets and the regulatory landscape, everything’s happening so fast and it’s essential to understand how to navigate the complexities of the cryptocurrency landscape. So, let’s get into the notable trends shaping the crypto industry and all there is to it.

As we move forward in this cryptocurrency narrative, here is what we will consider in this article:

• Importance of Understanding Crypto Trends
• Trends in the cryptocurrency space  to know
• Future of cryptocurrency in economies
• Top Cryptocurrency to Watch 

Importance of Understanding Cryptocurrencies Trends in 2024

Cryptocurrency market trends help us understand the industry so we can plan and make more informed decisions when it comes to investing in cryptocurrencies. Thanks to the increasing adoption of digital currencies in the mainstream it’s a breakthrough and a great alternative to traditional financial services. 

From the ledger history, charts, and technical analysis you can know when the crypto market is moving upwards or downwards. Technical indicators for instance are used to watch price movements which makes them powerful tools for crypto trading. Pivotal information like the bull market can explode the crypto market. The trends and developments will determine if people will want to engage in long-term investment once there is a sign of a favourable market.

Cryptocurrencies in the iGaming world

More and more bookmakers are starting to use cryptocurrency, and players are starting to switch to it. In fact, this trend has quite reasonable grounds.

Anonymity. Cryptocurrency is provided with confidentiality, the user does not specify his personal data anywhere.

Quickness of deposit/withdrawal. Since the work of bitcoin does not involve banks or other intermediaries, you can deposit and withdraw money instantly.

To the non-obvious, but still a plus for the user is also a higher priority for players with cryptocurrency: faster technical support answers, the odds on the outcomes are slightly higher due to the savings on payments, etc. You can check out wagering options and see that betting companies are successfully using various cryptocurrencies.

Trends in the cryptocurrency world  to know

The acceptance of cryptocurrencies as one of the financial systems makes transactions easier. The inclusion of cryptocurrency in supply chain management enhances how businesses handle their operations.

The more crypto adoption increases, we can expect to see their integration into various sectors. From arts, games businesses, advertising, and more. Check out the role of cryptocurrency in online games. This will provide consumers with more options and convenience in their experiences.

Cryptocurrency is an innovative platform that comes with many perks. Here are the top 7 cryptocurrency trends to look forward to in 2024.

AI Integration into Cryptocurrency market

Artificial Intelligence is making waves in different industries and cryptocurrency is not left out. The introduction of AI tokens is changing the way we use cryptocurrency. This integration of AI can be seen in different crypto ventures like decentralized machine learning and blockchain protocols.

AI tokens are used as a payment method for services and also to pay users. With over 90 tokens available it is growing in popularity. Now, the market value of AI tokens is at $39 billion. 

“Integrating AI into crypto is a powerful tool that enhances the way we understand and interact with digital assets creating room for more efficiency, security and prediction“. John McAfee.

Impact of Regulatory Policies on Crypto Transactions and Exchanges

Government policies play a pivotal role in shaping the security market and protecting investors. To curb all the irregularities, there is a need to bring some level of order by ensuring robust regulatory clarity.  The government mandates that all crypto entities be registered under the SEC, a regulator overseeing all kinds of manipulations and fraud in the capital market.

This is to ensure that crypto firms follow rules to avoid the mishandling of customer funds. The seriousness of the government can be seen when the SEC sued Coinbase in 2023 for legitimacy as they are not recognized as a registered broker. Also, Binance was not left out as the SEC sued the company for financial incompetence regarding customer funds. 

Funding, Mergers, and Acquisitions in the Crypto Market

The trend which includes mergers and acquisitions is making a significant impact in the crypto space. The cryptocurrency market also creates an avenue where companies are forming major deals buying digital assets and tokens.

There has been a 22% increase at the beginning of 2024 with more investors wanting to take the M&A route which has increased the funding in the crypto market.

Crypto’s Growing Climate Impact

One of the key aspects to consider in this discourse is the impact of crypto mining on the climate. The effects of cryptocurrency mining can be seen in the impact it leaves on the environment. This is because events like this require intense energy to complete the mining process.

Mining cryptocurrency leads to emissions generating e-waste. The amount of energy dissipated results in huge levels of greenhouse gasses released into the atmosphere.

Real-World Assets Turn Digital with Blockchain Technology

One of the use cases of cryptocurrency is the tokenization of assets which helps to enhance the liquidity of real-world assets in the market. Blockchain technology is used to tokenize Real-world assets (RWA). Valuables like real estate, personal data, stocks and others are now tokenized. 

For example, NFTs are unique digital assets that have been tokenized via blockchain technology without the need for an intermediary. The adoption of digital assets will pave the way for more transformative change. It will help to reduce transaction costs by enabling fractional ownership of assets.

You can have the digital form of these items of value using tokens representing traditional financial assets. Displaying these assets into tokens helps to promote transparency, liquidity, and trust and ensures that more people can own high-value assets. 

The Non-Risky Central Bank Digital Currency (CBDC)

The opportunity to create digital currencies by financial institutions is a welcome development away from decentralized blockchains. It helps to reduce the many discomforts that come with cryptocurrency transaction costs. Apart from the governance tokens by Defi owned by some financial institutions, the central bank digital currencies (CBDC are a good alternative to fiat payments.

Different types of CBDCs have been developed over the years that allow the creation of virtual currencies which are subject to the management of the central bank. Countries like China, America, Jamaica, Nigeria, etc are creating CBDCs that are operational.

“The CBDC systems play a crucial role in changing a whole lot within the crypto space and are one to watch out for“. Christine Lagarde.

Real-world assets turn digital with blockchain technology  

The bull market news is another event in the landscape of cryptocurrencies and everyone is looking forward to the big break.  The value of Bitcoin increased by 150% at the beginning of 2024 and is predicted to skyrocket in 2025.

The bull market is influenced by two factors, one is the approval of spot ETFs and the upcoming halving event. Demand for crypto has gone up because these ETFs allow investors to hold a low-cost investment in Bitcoin without operating in a crypto exchange making it a worthwhile investment.

Future of Crypto trends in Economies

Blockchain technology continues to play a pivotal role in the crypto market. The decentralized nature of blockchain offers security, and transparency, and enables faster cross-border transactions. It is reshaping the landscape of digital payments and financial services.

Furthermore, government rules and regulations will have a profound impact on the future of cryptocurrency in 2024. Innovations like non-fungible tokens (NFTs), the introduction of The Non-Risky Central Bank Digital Currency (CBDC), and AI integration into cryptocurrency,  are gaining relevance and reshaping the crypto landscape. These innovations offer new opportunities for investors and businesses to explore new ways of transacting and interacting with digital assets.

Top Cryptocurrency to Watch

The cryptocurrency market is a dynamic one as it keeps moving unpredictably. Sometimes the volatility leaves crypto enthusiasts wondering if they can predict the perfect time to buy or sell or if the market will stabilize.

Between 2021 to 2024 there has been a rise and fall in cryptocurrency market capitalization. However, crypto has managed to peak at $2.58 trillion in March 2024.

There are thousands of both old and new cryptocurrencies in existence, underscoring the need to know profitable coins with good market cap that you can hold in your wallet. Examples include currencies like Bitcoin, Arbitrum, Ethereum, The Sandbox, Solana, Ripple, Mina Protocol, BNB, Shiba Inu and Uniswap. 

Regardless of the up and down movements, there are crypto projects with good prospects. You must watch out for cryptocurrencies that can survive the bear market and still perform well.