Cryptocurrency Altcoins related to fields such as Metaverse and artificial intelligence (AI) benefited from the trends that came to the fore in the market from time to time.
Cryptocurrency analyst Miles Deutscher, who made an evaluation on the subject, listed some of the themes that may come to the fore in the coming weeks and months.
Deutscher warned that there may be some trending altcoins in the crypto market from time to time, but that the price of many coins will still move according to the performance of the Bitcoin price.
Prior to the launch of the zkSync and StarkNet tokens, ZK-related protocols are performing strong in conjunction with the upcoming Polygon zkEVM launch.
There is no denying that ZK is the future of scaling Ethereum.
ZK-rollups help alleviate network congestion by ‘rolling’ transactions into batches that run off-chain.
- LSDs (Liquid staking derivatives)
Liquid staking derivatives allow you to get yields from crypto assets like ETH while maximizing capital efficiency.
This trend is currently driven by 2 factors:
- Upcoming Shanghai update on ETH
- SEC’s regulatory pressure on central staking
As the Shanghai update approaches, LSDs like $LDO, $FXS, and $RPL are gaining momentum.
- Perp DEXs
This sector has been one of the strongest performing sectors in the last 6 months.
$GMX pioneered this, followed by competitors like $GNS, and now newer products like $VELA are emerging.
However, I believe there are still opportunities in this area.
4. Decentralized stablecoins
We’ve seen the SEC’s crackdown on BUSD recently, and uncertainty remains over the regulation of other centralized stablecoins like USDC and USDT.
The need for a truly decentralized stablecoin is clear.
There are a few promising names in this space, from $AAVE and its upcoming stablecoin $GHO, to $CRV and CRVUSD, $FXS and more.
5. AI (Artificial Intelligence)
After ChatGPT became the fastest application in history to reach one million users, rapid investments were made in the AI sector by companies such as Microsoft and Google.
This, along with the increase in speculation, caused the explosion of artificial intelligence altcoins.
*Not investment advice.