🤓Remember the 2021 crypto market? This is it now!
The crypto market in 2024 mirrors the trends seen in 2021. NFTs were significant then, but now modular and Layer 2 chains dominate, indicating a new technological trend. Tokens like Celestia (TIA) and Near Protocol (NEAR) emphasize innovation and scalability, attracting investor interest. The latest one, which envisages integration of WhiteBIT, is heating the interest with free USDT and USDC withdrawal and their $HOT futures pairing is also breaking records.
The main scalability players were switched as well, with Telegram entering the game. Regardless of its native Telegram Open Network, it has also unlocked the doors for a vast number of projects, i.e. HOT – the centerpiece of the aforementioned NEAR ecosystem.
🧐Adoption, or Decentralization?
Crypto enthusiasts have spent over a decade exploring real-world applications. Initially met with skepticism from traditional finance, decentralized currencies have gradually gained acceptance. Now, not only can we buy goods with crypto, but investing in Bitcoin through approved ETFs has become effortless. Tokens like HOT exemplify this shift by facilitating fiat transactions on the blockchain, including soon-to-be-unlocked Ethereum-based transactions. This reflects a changed perspective on investing, token development, and distribution, while maintaining a commitment to maximal decentralization.
🤩It’s all fun and games until it’s educative
The rise of memecoins reflects a new trend in crypto investment. Originating during the 2021 crypto frenzy, these community-driven tokens have gained traction, surpassing even Bitcoin, Ether, and NFTs in popularity by 2024. Despite concerns about their tokenomics, memecoins maintain their position on the charts. However, the evolving crypto market emphasizes the importance of education. A 2022 survey by Study.com shows growing interest in crypto education among American parents and college students. Memecoins, in particular, contribute to public awareness and education about crypto. Their popularity attracts more users to the community, fostering crypto education in an entertaining way and increasing overall awareness, thereby accelerating crypto adoption.
🤭Last, but not the least
However advanced crypto has become since the previous bull run, it still contains FOMO, FUD, and other harmful tricks. So stay safe in the market, and never forget about consistency and a cold head.
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