Since its inception, the crypto market has proven to be a hub for innovation, with new apps, platforms, and trends constantly come and go. In this market dynamic, it’s important to be alert to any developments that pop up in the crypto industry every day, including the US elections in November, which can be crucial for crypto legislation.
Three emerging trends that are poised to lead the next bull run include GameFi, Meme Coins, and Layer 2 Tokens. Each of these offers unique opportunities and the potential for substantial returns. In this guide, we will explore these trends in detail, offering insights and recommending some of the most promising coins in each category.
Top Crypto Trends to Watch For the Next Bull Run
With the crypto market having a positive sentiment in 2024, it comes as no surprise that new trends emerge in the market. Below, we are going to cover three trends you must follow in the upcoming months - GameFi, Meme Coins, and Layer 2.
GameFi - A Blend Of Gaming And Decentralized Finance
GameFi, short for Game Finance, is a fusion of gaming and decentralized finance (DeFi), creating an in-game economy. It introduces the concept of play-to-earn (P2E), where in-game activities reward players with digital assets, rare items, and more. It also lets gamers earn cryptocurrencies and NFTs (Non-Fungible Tokens) by playing blockchain-based games.
This crypto trend, also known as "play-to-earn," has gained massive popularity as it offers gamers an opportunity to monetize their gaming skills and time. By combining elements of traditional gaming, such as engaging gameplay and graphics, with blockchain technology, GameFi enables players to have true ownership of in-game assets. In 2024, this trend has seen a significant rise in popularity, driven by the success of games like Axie Infinity and The Sandbox, and has created a more engaging and rewarding experience for gamers while also attracting investors who see the potential for significant returns.
Looking forward, with the global video game market projected to reach $665 billion by 2033 and the P2E gaming category on CoinMarketCap boasting a market cap exceeding $13 billion, GameFi represents a significant evolution in the gaming industry.
If you wish to join this trend, here are some of the best GameFi coins you can buy right now:
The Meme Games - Fast Growing Olympic Themed Meme Coin
One of the best GameFi coins you can buy to join the GameFi trend is The Meme Games. It is a hot new meme coin with a strong upside potential, centered on the 2024 Summer Olympics, that offers a unique method of rewarding early investors who join the presale.
So far, the presale has raised over $340k, indicating a rise in investors’ interest. The $MGMES token is currently trading for $0.0092 each, and early investors can make a direct purchase through the official presale site.
The Meme Games is a pioneering GameFi project that combines meme culture and competitive gaming elements. Additionally, tokens can also be staked during the presale to help investors earn a high APY of more than 600%. This, along with other features of the platform, has raised analysts' expectations regarding the MGMES token.
All in all, if you are looking to hop on the GameFi trend before the next bull run, The Meme Games token is one of the best you can buy to join the trend. The presale will last until September, when the 2024 Paralympic Games end and $MGMES will launch on DEX on September 10, 2024. For more information, check out The Meme Games' official website.
PlayDoge - Best P2E Doge Companion Game
Another coin you can buy to join the GameFi trend for the next bull run is PlayDoge, a unique GameFi coin that is positioned as one of the top cryptocurrencies with the highest potential for 2024.
Basically, PlayDoge is a groundbreaking project that blends the cult Doge meme with a play-to-earn (P2E) mobile game, allowing users to care for a Tamagotchi-like virtual pet while earning $PLAY tokens. In other words, it is a play-to-earn game where players control a doge character in a fun and dynamic environment. What’s more, the game’s playful design and low entry barrier make it extremely popular for casual gamers and crypto enthusiasts.
Over the past month, some GameFi coins have benefited from the rising GameFi trend, and the project aims for similar success this summer, with plans to launch its token on centralized exchanges soon. PlayDoge is well-positioned to capitalize on the GameFi trend, and, evidently, its presale has already raised over $5.9 million, with one $PLAY token trading at a discount price of $0.00527. Crypto investors and analysts have high hopes for the PLAY token, with some claiming it could be the next 10X potential token.
Another good thing about this token is that PLAY stakers can earn rewards of up to 70% APY when they stake their tokens and earn $PLAY tokens by adequately taking care of their PlayDoge.
Investors who are interested in joining the GameFi trend through this coin can visit the presale official website and follow PlayDoge on X.
Shiba Shootout - Wild West Crypto Frontier
Next is Shiba Shootout ($SHIBASHOOT), another GameFi coin on our list through which you can choose to join the GameFi trend. Shiba Shootout is set to launch its very own play-to-earn game called Shiba Sharpshooter, which will be available for both Android and iOS users soon.
This GameFi platform offers an action-packed gaming experience where players can earn SHIBA tokens by joining the community and playing games. The game features various battle modes and allows players to upgrade their characters using NFTs. Its engaging gameplay and rewarding ecosystem have attracted a large player base, making it a notable GameFi project.
Along with many other useful features, $SHIBASHOOT offers a referral program, a community storytime season where the best story receives tokens, and a lottery system where token holders can win significant cryptocurrency rewards.
Additionally, to add to the excitement, investors can earn big rewards by buying and staking the $SHIBASHOOT token, allowing Shiba Shootout stakers to earn up to 1000% APY when they stake their tokens in the cactus staking. At press time, the project managed to raise over $880k in its presale, with one $SHIBASHOOT currently trading for just $0.0198.
Overall, this cryptocurrency is perfect for investors who want to experience a unique mobile crypto gaming experience and investors who are interested in joining the GameFi trend.
For more information, follow Shiba Shootout on X or join its Telegram page.
Meme Coins - Cryptocurrencies Often Inspired By Internet Memes
Another huge crypto trend is meme coins, which are cryptocurrencies that originate from internet memes or viral online trends. Unlike traditional cryptocurrencies, which often have a specific use case or technological innovation, meme coins primarily derive value from their community and social media influence. Despite its fun nature, throughout the year, meme coins such as Dogecoin and Shiba Inu have garnered significant market value and appeal.
The popularity of meme coins lies in their community-driven approach and the potential for massive returns due to viral trends. This makes meme coins highly speculative, which is why they have dominated the first half of the year, making them one of the best crypto trends to invest in before the next bull run. Usually, when the crypto market is booming, meme coins gain traction as well.
To join the meme coin trend, you need to find some of the most revolutionary meme coins in the market. Here are some of the best meme coins you can buy right now:
Base Dawgz - Dynamic Dog-Themed Meme Coin
Base Dawgz ($DAWGZ) is a new dog-themed meme coin on the Base blockchain, offering multi-chain compatibility with Ethereum, Solana, Binance, and Avalanche networks. As Base-built meme tokens gain popularity in a market valued at over $2 billion, and with dog-themed coins dominating the top meme tokens, Base Dawgz is well-positioned for potential growth for the next crypto bull run.
Due to its multichain interoperability, staking rewards, and unique airdrop offer, Base Dawgz ($DAWGZ) is one of today's most promising meme coins, although it is in its presale stage. The technology behind this token is what makes it so special. Using new Web3 tools such as Wormhole and Portal Bridge technology, the Base Dawgz native chain is Base, but the project will connect to the Ethereum, Solana, Binance, and Avalanche chains. Thus, it will enable smooth navigation across numerous blockchain platforms.
There’s also an ongoing refer-and-earn airdrop where users can collect points by referring others to the presale. These points are redeemable for $DAWGZ tokens following the exchange launch.
In addition, the high earning potential for $DAWGZ token holders is another reason for putting Base Dawgz on the list to join the meme coin trend. The project is running a "Be Social for Airdrop," a share-to-earn reward campaign. This means that during the presale, interested investors can share and create memes about Base Dawgz and share them on X, and for each piece of content generated, Base Dawgz will offer points that can later be converted to $DAWGZ tokens. Another reason for positive predictions by crypto analysts is that Base Dawgz is offering users over 900% APY when they stake their tokens.
So far, the Base Dawgz Presale has raised over $2.8 million, which makes it among the best presales of the year. One $DAWGZ token is trading for $0.007414 with a price increase of nearly 50% from its starting price. The token can be purchased in exchange for ETH, USDT, BNB, AVAX, and SOL.
For more information on how to be eligible for Base Dawgz’s upcoming airdrop, follow it on X.
Dogecoin - Open Source Peer-To-Peer Cryptocurrency
Another meme coin on our list is Dogecoin, perhaps the most famous meme coin of all. Essentially, Dogecoin is an open-source, peer-to-peer digital currency that has gained huge popularity in recent years and is currently the 9th largest cryptocurrency in the world by market cap.
Created as a joke in 2013 as the original meme coin, Dogecoin has grown into one of the most recognized cryptocurrencies, partly due to endorsements from celebrities and crypto enthusiasts. Dogecoin’s large and enthusiastic community, combined with its increasing adoption of payments and tips, continues to drive its popularity and value.
One of Doge's most well-known backers is Elon Musk, CEO of X. He has publicly stated his support for the cryptocurrency on Twitter, even endorsing it as a legitimate payment option, which has helped greatly with its market price increase.
In terms of price action, Dogecoin YTD stands at just 6.6%, with a 1-year return of nearly 29%. However, it is still trading below its 1-year high level of $0.229 and way below its all-time price level of $0.7316.
Dogecoin has a market capitalization of almost $15 billion and is also used mainly as a tipping system on Reddit and X to reward the creation or sharing of high-quality content.
Despite all the skepticism, Dogecoin remains one of the best meme coins to buy right now.
Layer 2 Tokens - Turbochargers Of The Blockchain
Layer 2 tokens are another excellent cryptocurrency trend to watch for the next bull run. Over the past year, crypto applications built on Layer2- technology have gained huge popularity, largely due to the technology’s ability to solve many issues in standard blockchain networks.
The Layer 2 technology basically refers to solutions built on top of existing blockchain networks (Layer 1) to improve scalability and transaction speed. These solutions, such as rollups and state channels, aim to address the limitations of Layer 1 blockchains, such as high fees and slow transaction times, without compromising on security or decentralization. This technology is crucial for the mass adoption of blockchain applications, as it enhances user experience and reduces costs.
Here are some of the best cryptocurrencies you can buy to join the Layer 2 tokens trend.
Pepe Unchained - Pepe’s Own L2 Blockchain
Pepe Unchained is a unique Ethereum layer-two meme coin that features the iconic Pepe on its own L2 network. By leveraging L2 technology, $PEPU aims to enhance blockchain efficiency and transaction capacity, positioning itself as one of the cryptos that will explode in the cryptocurrency market.
The much-awaited Pepe Unchained meme coin is a Pepe-inspired token that is widely regarded as Pepe's (PEPE), the third-largest meme coin by market capitalization replacement. The project leverages L2 technology to offer substantial benefits, including high staking rewards with an APY exceeding 200% and lower gas fees.
With 30% of its 8 billion total token supply allocated for staking rewards and the advantage of reduced transaction costs on the main network, $PEPU shows significant potential for price growth.
Notably, while there are several Pepe-based tokens, Pepe Unchained is unique in that it has its own blockchain. Its developers built a Layer-2 chain on top of Ethereum's network to free their token from the constraints that Ethereum places on all other cryptos launched within its ecosystem. Despite the upgrade that transformed Ethereum into Ethereum 2.0, its network is still regarded as slow, and its transaction fees remain excessively high when compared to other cutting-edge blockchains. This is where Pepe Unchained comes into the picture - by introducing an L2 chain, PEPU could break free from these constraints and make speed and low fee cost its major benefits.
This is something that investors are highly excited about, which can be seen from the fact that the project’s presale has raised over $7.6 million in only a few weeks since the presale kicked off.
Since its price is only $0.008946, managing to raise over $7 million shows that there is serious demand, which will likely result in a massive price surge post-presale.
To join this layer 2 trend, you can now visit PEPU's official website, and follow Pepe Unchained on X, or join its Telegram channel.
Polygon - Layer 2 Ethereum Scaling Network
Polygon, originally known as Matic Network, is a protocol and framework for creating and linking Ethereum-compatible blockchain networks. As a Layer 2 solution, it aims to improve the scalability, speed, and cost efficiency of the Ethereum blockchain. It offers a robust platform for building and connecting Ethereum-compatible blockchain networks.
Polygon increases transaction throughput by processing transactions of the main Ethereum chain and then finalizing them on Ethereum. This reduces congestion and lowers gas fees - one of the biggest problems of other crypto coin platforms.
Polygon’s low fees, fast transaction times, and extensive developer support have made it a popular choice for decentralized applications (dApps) and DeFi projects. At the time of writing, it is the 21st largest cryptocurrency, with a market cap of slightly over $4 billion.
In terms of price performance, Polygon is not doing so well. The coin has a YTD of -58% and of -41%. However, in the case of such a well established platform like Polygon, this could be an opportunity to buy the dip.
It’s important that Polygon's side chains are structurally designed to support various decentralized finance (DeFi) protocols within the Ethereum ecosystem, and while Polygon currently supports only the Ethereum base chain, the network plans to extend support to additional base chains based on community suggestions and consensus.
With this extension, Polygon would be positioned as a decentralized, compatible Layer 2 blockchain platform. This surely makes Polygon (MATIC) among the best coins to buy in order to join the Layer 2 token trend for the next bull run.
Other Crypto Trends to Follow in 2024 and Beyond
As we look forward to the next bull run, the following are several other crypto trends that are worth keeping an eye on:
1. Decentralized Finance (DeFi)
DeFi continues to revolutionize traditional financial systems by providing decentralized alternatives to banking, lending, and trading. Innovations in DeFi, such as yield farming, lending protocols, and decentralized exchanges, are expected to grow further. DeFi, which is an umbrella term for peer-to-peer financial services on a public blockchain, primarily Ethereum, is up there on the other crypto trends that are worth keeping an eye on in 2024 and beyond.
2. Non-Fungible Tokens (NFTs)
NFTs have transformed the way we think about digital ownership and collectibles. From digital art and virtual real estate to gaming items and music rights, NFTs offer unique opportunities for creators and collectors. This makes the NFTs' integration with GameFi and the metaverse a trend to keep an eye on.
3. Central Bank Digital Currencies (CBDCs)
With the growing popularity of digital currencies, several countries are exploring the development of CBDCs to modernize their financial systems and provide a digital alternative to cash. The introduction of CBDCs could significantly impact the global financial landscape and drive further adoption of digital currencies.
4. Interoperability Solutions
As the number of blockchain networks grows, the need for interoperability between them becomes more critical. Projects like Polkadot and Cosmos are working on solutions to enable seamless communication and asset transfer between different blockchains, which could drive innovation and adoption.
5. Green Cryptocurrencies
With increasing awareness of the environmental impact of cryptocurrency mining (particularly Bitcoin), green cryptocurrencies that use less energy-intensive consensus mechanisms are gaining traction. And projects like Chia, which uses a proof-of-space-and-time consensus, are leading this trend.
6. Decentralized Autonomous Organizations (DAOs)
DAOs offer a new way to organize and govern communities and projects through blockchain technology. By using smart contracts and decentralized voting mechanisms, DAOs can operate transparently and democratically, attracting interest from various sectors, and this makes it a fine trend to look out for before the next bull run.
7. BRC20 Tokens
BRC20 tokens are a recent innovation that has shaken up the crypto world by enabling the creation of tokens on the Bitcoin blockchain. This development opens exciting possibilities for investors and businesses alike.
The rise of BRC20 tokens leverages Bitcoin's established security and vast user base, and investors can now access a wider range of financial products, such as DeFi tools and tokenized assets, all built on the trusted Bitcoin network.
Moreover, with this technology, businesses can create their own tokens for fundraising or loyalty programs, benefiting from Bitcoin's brand recognition and stability. The potential to expand what's possible on the Bitcoin blockchain is driving the current momentum of BRC20 tokens, and it is a trend to keep an eye on before the next bull run.
Conclusion
To sum up, the next bull run in the cryptocurrency market is likely to be shaped by several key trends, including GameFi, Meme Coins, and Layer 2 technologies. Each of these trends offers unique opportunities for investors and crypto traders. By staying informed and considering the top projects in these areas, you can position yourself to take advantage of the potential growth and innovation in the crypto space.
The dynamic nature of the crypto market means that staying updated on the latest trends and developments is crucial for making informed decisions. Projects like the Meme Games, Pepe Unchained, Shiba Shooutout, and PlayDoge can be a great addition to any crypto portfolio.
And, as always, it's essential to conduct thorough research and consider the risks associated with investing in cryptocurrencies.
Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
