5 Top Crypto Domains Shaping The Bull Run of 2024

To succeed in the crypto markets, it’s essential to invest in top crypto domains that drive bull markets. While knowing this is easy, finding relevant information to help you make informed investment decisions is not. Here are 5 top crypto domains that can easily shape the next bull run.

1. Top Crypto Domains – Meme Coins

Meme coins have come a long way, evolving from joke currencies to utility-based, market-moving trends. Leading the pack, Dogecoin fueled the 2021 bull run after Elon Musk endorsed it. According to Santiment, a blockchain analysis tool, the entire meme coin industry now boasts a market cap of $62 billion, proving that meme coins are anything but a joke.

When it comes to influencing bull cycles, meme coins play a crucial role. Historically, liquidity flows from Bitcoin to large-cap utility coins, and then, down the chain. However, during the 2021 bull run, liquidity bypassed the usual path and went straight into meme coins. The next bull run could likely mimic 2021, as meme coins have become more integrated with technology, offering something ‘serious’ cryptos don’t have—fun.

2. Artificial Intelligence (AI)

The development of Artificial Intelligence (AI) has accelerated since November 2022, when OpenAI launched ChatGPT. As the world enters a technological revolution, AI is at the forefront.

Blockchain platforms like SingularityNET (AGIX) and Cortex (CTXC) are now integrating AI elements, enhancing their efficiency beyond traditional blockchain protocols.

For instance, Nim Network (NIM), a new blockchain dedicated to gaming, incorporates AI game agents (AI Avatars) to assist players even when they are AFK (away from the keyboard), marking technological advancements in AI. It is among the leading crypto domains driving the next bull run.

3. Decentralized Physical Infrastructure Networks (DePIN)

In the next bull run, decentralized physical infrastructure networks (DePIN) will be crucial in expanding blockchain into the traditional world. The upcoming bull cycle can surpass the last in terms of liquidity, necessitating the integration of the traditional financial (TradFi) world with crypto networks. DePIN facilitates this connection.

Led by prominent projects like Chainlink (LINK), Centrifuge (CFG), and Rio Network (RIO), DePIN will onboard real-world data—such as Forex prices, commodity prices, and weather forecasts—through Oracles and tokenize tangible assets on-chain. The role of DePIN in the crypto space is undeniable, making it a top crypto domain necessary for the success of the next bull market.

4. Real World Asset (RWA) Tokenization

An extension of DePIN, real-world asset (RWA) tokenization has advanced significantly and is becoming essential in the crypto space. RWAs are assets that can be tokenized for blockchain use, including real estate, art, carbon credits, and stocks.

RWA tokenization converts the value of these assets (not the assets themselves) into cryptocurrency tokens, which are tradable on centralized and decentralized exchanges. Ondo Finance (ONDO) and Pendle (PENDLE) are leading RWA crypto projects, with many other startups introducing innovative ideas to tap into this market. The potential of RWA to bring TradFi liquidity on-chain is huge, making it one of the top crypto domains to lead the 2024 bull run.

5. Liquid Staking and Restaking

Invented shortly after Ethereum emerged, staking has provided passive income to many crypto investors familiar with the space. However, liquid staking and restaking are less well-known.

The mechanism for liquid staking is straightforward. You stake a cryptocurrency, such as ETH, on a liquid staking platform like Lido Finance and receive an equivalent amount of Lido Staked ETH (stETH). You can then stake the stETH on a liquid restaking platform like Renzo to receive Renzo Restaked ETH (EZETH).

Liquid staking is poised to lead the next bull run because it adds liquidity to the market and brings an innovation previously limited to the TradFi derivatives market onto the blockchain.

Conclusion

The next big crypto wave could be driven by several cool areas: meme coins, artificial intelligence (AI), decentralized physical infrastructure networks (DePIN), real-world asset (RWA) tokenization, and liquid staking and restaking. All these are the cutting-edge parts of the crypto world, offering new ways to invest and make money.

As the market keeps changing, these top crypto domains could shake things up and help more people use crypto, while also potentially making some investors happy with big returns.

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