The crypto landscape unfolds with promises of transformative breakthroughs and market shifts amidst a looming bull run. Three distinct narratives emerge as the possible dominant forces attracting huge capital inflows.
1. Artificial intelligence
No single technology has the potential to revolutionize human life like AI. 2023 was a testament to the growing symbiosis between humanity and AI. The emergence of ChatGPT and Bard ignited a mini-bull run for AI tokens, and the AI trend continues with its hype.
So far, no narrative in a bear market has received so much attention and exhibited extraordinary performance across multiple tokens. This outstanding performance shows how bullish investors are on the AI narrative.
The total market cap for the AI sector is only about $6 billion. This is negligible, considering AI will be widely adopted in the coming years. As more companies look into integrating AI and web3 solutions, the AI narrative will stand out as one of the best performers over time.
Some AI projects to look out for:
- Bittensor(TAO)
Market Cap: $1.7bn
Bittensor(TAO) is a decentralized network connecting machine learning models globally, functioning like a collective brain with distributed 'neurons.' These models collaborate to process information, resembling the synergy of neurons in the human brain.
- Render(RNDR)
Market Cap: $1.7bn
Render (RNDR) is a trailblazer in integrating AI, blockchain, and graphics rendering. Built on Ethereum, Render serves as a decentralized GPU rendering network, providing users access to a global GPU resource marketplace.
Render’s solutions position it as the blockchain counterpart to industry leaders such as NVIDIA.
- SingularityNet(AGIX)
Market Cap: $421m
SingularityNET (AGIX) is a decentralized AI services marketplace, enabling developers to create and market AI applications. Utilizing blockchain and smart contracts ensures a secure and transparent environment for AI service transactions.
2. Real World Assets(RWA)
RWAs are one of the most significant narratives for the long term because of a distinct reason.
The global RWA valuation is over $600 trillion. Today, the tokenized RWAs market cap accessible on-chain is only about $2 billion. Bringing only 1% of RWAs on-chain would result in a $6 trillion valuation, way more than the current total cryptocurrency market cap. BlackRock estimates that the tokenized RWA market could grow to $16 trillion by 2030.
Some RWA projects to look out for:
- Maple Finance(MPL)
Market Cap: $117m
Maple Finance offers a capital-efficient DeFi-powered solution for institutional borrowing and fixed-income lending. In contrast to other platforms providing collateralized borrowing and variable rates, Maple offers undercollateralized lending for borrowers and transparent fixed-income opportunities for lenders on-chain
- Centrifuge(CFG)
Market Cap: $310m
Centrifuge is a DeFi lending protocol that enhances credit accessibility for small businesses. Centrifuge cuts the costs of traditional off-chain securitization using open-source infrastructure to reduce the intermediary costs and complexity of TradFi.
- Landshare(LAND)
Market cap: $837m
Landshare is a tokenized real estate investment platform on the Binance Smart Chain. Landshare streamlines the creation of virtual real estate portfolios, allowing users to acquire fractional ownership of properties easily.
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3. GameFi
GameFi is another hot narrative well-positioned to perform well in the coming years. Web3 infrastructure offers one of the best methods to distribute value within gaming ecosystems, and the resulting potential could be huge.
Top GameFi projects to consider are:
- Nakamoto Games(NAKA)
Market Cap: $155m
Nakamoto Games is a decentralized platform offering diverse games for global user engagement. The platform's primary objective is to establish a channel for users to generate modest and sustainable income while enjoying games within the blockchain environment.
Nakamoto Games has made several achievements:
- Hosts over 300 live P2E games
- Registered over 165,000 users
- Won "Best Play-to-Earn Project of 2023"
- Developed a multi-coin and multi-chain wallet on Telegram
- The mobile app is in development
- Shrapnel(SHRAP)
Market Cap: $87m
Shrapnel is the first AAA shooting game built entirely on the blockchain, Avalanche. Shrapnel adopts the first-person shooter(FPS) style, showcasing an environment and gameplay reminiscent of popular titles like Call of Duty, Battlefield, and Warface.
- Big Time(BIGTIME)
Market Cap: $105m
Big Time is a free-to-play, multiplayer action RPG game that combines fast-action combat and adventure through space and time.
Drawing in millions of players and fans with NFT rewards and BIGTIME tokens, Big Time has accomplished significant milestones in the GameFi sector.
Conclusion
Staying ahead of narratives is one of the best ways to profit from the crypto market. Beyond charts and technicalities, narratives determine the performance of the broader crypto market.
As we transition to 2024, three narratives stand out as possible best performers. AI, RWAs, and GameFi have so much potential, given their unique problem-solving capacity and market size. It’s essential to embrace a detailed understanding of these ecosystems to profit the most from the upcoming bull market.
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