Crypto Trend 2024

Here are the top crypto trends of 2024 

Bull Market Emerges After Approval of ETFs: The value of Bitcoin surged 150% coming into 2024, and many believe this bull run could last well into 2025. The price of Bitcoin began 2024 at about $44,000 but had grown to nearly $70,000 by late May. 

 

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The Intersection of AI and Crypto: AI tokens are cryptocurrencies that are directly related to an AI venture. Search volume for “AI tokens” has grown exponentially in 2024, and there are nearly 90 AI tokens in the crypto space right now.

Funding, Mergers, and Acquisitions in the Crypto Market: 2022 was a year of crypto bankruptcies, but in late 2023, investor confidence returned. In the final quarter of 2023, investors put $1.9 billion into crypto-related companies.

Increasing Regulation of Cryptocurrency and Exchanges: The crypto meltdowns of FTX and others put a direct spotlight on the regulation of the industry. Government entities now seem to be making up for lost time and are primed for enforcement.

Crypto’s Growing Climate Impact: A lesser-known but potentially pressing trend for the crypto industry is the sector’s energy and climate change implications. The environmental problems lie within a step of the cryptocurrency mining process called proof of work.

Real-World Assets Turn Digital with Blockchain Technology: Asset tokenization is another trend that takes advantage of the technology behind crypto: blockchain. When a real-world asset is tokenized, that means there’s a digital representation of it on the blockchain.

Global Officials Explore Central Bank Digital Currency (CBDC): Banking systems across the world are in the process of developing their own digital currency, referred to as Central Bank Digital Currency. According to the Brookings Institution, this would create a virtual currency that is centralized and managed by central banks as opposed to decentralized blockchains.

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