Today, we continue this two-part article series on the top 10 crypto predictions for 2024.
Note: This is not a financial advice. Please always do your own research.
Prediction #1 – Taylor Swift Will Launch NFTs
Next on the list of top 10 crypto predictions is for a popular pop singer, Taylor Swift. In fact, her popularity has been on the rise since 2006. And with every bull market, NFTs will always gain traction too.
Prediction #7: Taylor Swift will launch NFTs to connect with fans.
One possibility? Spotify—where Swift was the most-streamed artist in 2023 with more than 26b streams—is experimenting with token-gated playlists that require listeners to own a particular NFT in order to listen. pic.twitter.com/b1zRfFNWVR
— Ryan Rasmussen (@RasterlyRock) December 13, 2023
Hence, in 2024, these two will likely come together. Taylor Swift could be launching her NFTs on Spotify. From this, she is able to connect with her closest fans. To add on, said NFTs could also provide exclusive access to her music.
Prediction #2 – AI Assistants to Use Crypto
In case you’re wondering what AI assistants are, you may be using them already. Some examples include Siri, Google Assistant and Alexa. For #8 of our top crypto predictions, we believe that they’ll be using crypto for payments. But why though? Here is an example:
VAIOT seals its first commercial deal for the implementation of an AI Assistant 🤝
We have agreed on the pilot implementation of an AI Voice Commerce solution with Supra Bazar – one of the largest retail networks in Belgium.$VAI #VAIOT #AI #crypto https://t.co/JMJZ2KBCVu
— VAIOT (@VAIOT_LTD) February 22, 2021
Well, crypto is the currency of the internet. It’s borderless and can transact worldwide. And, you don’t need many middlemen to use crypto for payments. So, AI assistants using crypto is on the cards for 2024. Watch out for it.
Prediction #3 – Rise of Prediction Markets
Prediction markets will be on the rise for 2024. On top of that, this rise may be meteoric. There’re a few reasons why we think this will happen.
- There’re so many projects into prediction. For instance, Augur, Hedgehog and PlotX.
- It’s the perfect use case for blockchain. All events can be verified on-chain. As a user, transparency is important too. What else could be more transparent than blockchain?
- The prediction market narrative hasn’t made its run yet. Maybe, 2024 could be its year.
#Prediction 9 by @BitwiseInvest:
More than $100 💰 million will be #staked in prediction markets as they emerge as a new “killer app” for crypto.PS: currently on #Ethereum alone is staked more than 53 billions dollars worth crypto assets pic.twitter.com/v9MtKHJjnW
— Crypto Tygas 🇱🇹🇺🇦🇵🇸🇮🇱 #BTC (@Tygas) December 30, 2023
As with the above tweet, any event can be wagered upon. Anything from sports betting to elections. Hence, there will be a target audience for prediction projects.
Prediction #4 – Major Upgrade for Ethereum
To be specific, its EIP-4844 upgrade. This upgrade aims to reduce gas fees on Ethereum and improve its scalability. To do this, it uses “blob” transactions to attach data to existing blocks. If you’d like to learn more about EIP-4844, you can refer to the research here.
Yesterday, Vitalik published the latest Atheneum’s Roadmap. So, we think this blockchain will have these conditions during 2024:
By popular demand, an updated roadmap diagram for 2023! pic.twitter.com/oxo58A2KuG
— vitalik.eth (@VitalikButerin) December 30, 2023
With a huge reduction in gas fees, Ethereum will be poised for mass adoption. Together with its massive ecosystem, Ethereum can attract more users and investors.
Conclusion
That brings us to the end of our two-part article series. 2024 is gearing up to be an exciting year for crypto. Some of 2024’s major events include the Bitcoin ETF launch and Bitcoin halving. We feel that these are strong catalysts that will bring more retail investors into crypto. Here is the second part.
Note: This article was inspired by this tweet.
Disclaimer
The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.
