- An analyst identified narratives and trends that could fuel price growth in 2024.
- They suggested that the trend around AI crypto projects is worth monitoring.
- The analyst predicts a renewed frenzy toward memes like PEPE and BONK.
Recently, a crypto researcher with the X username ‘Layergg’ outlined “narratives” to follow for the unfolding crypto bull run of 2024. Layergg pointed to specific trends and catalysts that could fuel price increases for certain tokens. Leading the pack were Layer-2 scaling solutions such as Optimism (OP), Arbitrum (ARB), Polygon (MATIC), Manta Network (MANTA), and Blur (BLUR).
Furthermore, Layergg noted that Bitcoin (BTC) reaching the $52k price point could give rise to investors shifting focus to “BTC-Beta” tokens or projects related to L2s and DeFi. Layergg cited Stacks (STX), Rootstock Infrastructure Framework (RIF), Bounce (AUCTION), ALEX Lab (ALEX), and Badger DAO (BADGER).
Moreover, the analyst noted that the coming Chinese New Year could impact specific tokens with connections to the Chinese market. Cited examples include Nervos Network (CKB), VeChain (VET), VeThor (VTHO), LeverFi (LEVER), Qtum (QTUM), and Phoenix (PHB).
Also, the researcher noted that the trend around crypto projects focused on artificial intelligence (AI) is worth monitoring. Layergg believes that fast-growing tokens in this category, such as Bittensor (TAO), Worldcoin (WLD), Akash Network (AKT), and Render Network (RNDR), could be poised for more impact.
Layergg further suggested that prominent asset managers like Ark Invest and Franklin Templeton are entering the DeFi space. The analyst noted their entry could impact tokens in yield sectors such as Lido DAO (LDO), SSV Network (SSV), Rocket Pool (RPL), and Mantle (MANTLE).
Besides, Layergg predicts a renewed frenzy toward meme coins, with tokens like Pepe (PEPE), MEME, BONK, and Floki (FLOKI) leading the charge. The analyst also suggested coins in the gaming sector, like MAVIA, are worth watching for potential explosive trajectories.
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