The next round of the cryptocurrency bull market may be influenced by three major trends: GameFi, Meme Coins, and Layer 2 Tokens.

Author: Adrian Barkley

Translation: Blockchain in Plain Language

Since the birth of the cryptocurrency market, it has been a hotbed of innovation, with new applications, platforms, and trends emerging constantly. In this dynamic market, it is crucial to stay vigilant as new developments occur every day, including the November U.S. election, which could be crucial for cryptocurrency legislation.

The three trends expected to lead the next bull market include GameFi, Meme Coins, and Layer 2 Tokens. Each trend provides unique opportunities and significant potential returns. In this guide, we will delve into these trends, provide in-depth insights, and recommend the most promising tokens in each category.

Top Cryptocurrency Trends for the Next Bull Market

With the positive sentiment in the cryptocurrency market in 2024, it is easy to understand the continuous emergence of new trends in the market. Next, we will discuss three trends that you must pay attention to in the coming months—GameFi, Memecoin, and Layer 2.

1. GameFi—The Fusion of Gaming and Decentralized Finance

GameFi, or Game Finance, is the fusion of gaming and decentralized finance (DeFi), creating an in-game economy. It introduces the concept of "play-to-earn" (P2E), where players can earn digital assets, rare items, and other rewards through in-game activities. It also allows players to earn cryptocurrency and NFTs (non-fungible tokens) by playing blockchain games.

This "play-to-earn" cryptocurrency trend has gained immense popularity for offering players the opportunity to monetize their gaming skills and time. GameFi combines the engaging elements of traditional games, such as immersive gameplay and graphics, with blockchain technology, allowing players to truly own in-game assets. In 2024, this trend has been greatly propelled by the success of games like "Axie Infinity" and "The Sandbox," creating a more attractive and rewarding experience for players and attracting investors who see significant potential returns.

Looking ahead, the global video game market is expected to reach $665 billion by 2033, and the market value of P2E games on CoinMarketCap has already exceeded $13 billion. GameFi represents a significant evolution in the gaming industry.

If you want to join this trend, here are some of the best GameFi tokens you can buy now:

1) The Meme Games—Rapidly Growing Olympic-themed Meme Coin

One of the best GameFi tokens you can buy is The Meme Games. This popular new meme coin, themed around the 2024 Summer Olympics, offers a unique way to reward early investors who participate in the presale.

So far, the presale has raised over $340,000, demonstrating increasing investor interest. The $MGMESToken is currently trading at $0.0092 per token, and early investors can purchase it directly through the official presale website.

The Meme Games is a pioneering GameFi project that combines meme culture with competitive gaming elements. Additionally, investors can stake tokens during the presale to earn over 600% annualized yield (APY). These features, along with other aspects of the platform, have significantly raised analysts' expectations for MGMESToken.

In summary, if you want to capture the GameFi trend before the next bull market, The Meme Games Token is one of the best choices you can buy. The presale will continue until the end of the 2024 Paralympic Games on September 10, when $MGMESToken will be listed on decentralized exchange platforms (DEX). For more information, please visit The Meme Games' official website.

2) PlayDoge - The Best P2E Dog-themed Game

Another token you can buy to participate in the GameFi trend for the next bull market is PlayDoge, a unique GameFi token positioned as one of the most promising cryptocurrencies in 2024.

Essentially, PlayDoge is a groundbreaking project that combines the popular Doge meme with a play-to-earn (P2E) mobile game, allowing users to earn $PLAYToken by taking care of a dog-like electronic pet. In other words, it's a play-to-earn game where players control a dog character in a fun and vibrant environment. The game's engaging design and low entry barrier have made it very popular among casual gamers and cryptocurrency enthusiasts.

In the past month, some GameFi tokens have benefited from the continuously rising GameFi trend, and the PlayDoge project also hopes to achieve similar success this summer, with plans to list its token on centralized exchange platforms soon. PlayDoge is well-positioned to take full advantage of this trend. Clearly, its presale has already raised over $5.9 million, with each $PLAYToken trading at a discounted price of $0.00527. Cryptocurrency investors and analysts have high hopes for $PLAYToken, with some even believing it could become the next token with 10x growth potential.

Another benefit of this token is that PLAY stakers can earn rewards of up to 70% annualized yield (APY) by taking good care of their PlayDoge and earning PLAYToken.

Investors interested in joining the GameFi trend through this token can visit the official presale website and follow PlayDoge on X platform.

3) Shiba Shootout - Cryptocurrency Wild West Frontier

Next up is Shiba Shootout ($SHIBASHOOT), another token we recommend for joining the GameFi trend. Shiba Shootout is about to launch its exclusive play-to-earn game, Shiba Sharpshooter, which will soon be available on Android and iOS platforms.

This GameFi platform offers an action-packed gaming experience where players can earn SHIBAToken by joining the community and playing the game. The game features multiple battle modes and allows players to use NFTs to upgrade their characters. Its engaging gameplay and rewarding ecosystem have attracted a large number of players, making it a GameFi project worth paying attention to.

In addition to numerous practical features, SHIBASHOOT also offers a referral program, community story season events (the best stories will receive token rewards), and a lottery system where token holders can win significant cryptocurrency rewards.

Additionally, to add to the excitement, investors can earn lucrative returns by purchasing and staking $SHIBASHOOTToken. When staking tokens in the Cactus Staking Pool of Shiba Shootout, stakers can earn an annualized yield rate (APY) of up to 1000%. As of the time of writing, the project's presale has raised over $880,000, and the trading price for each SHIBASHOOT is only $0.0198.

Overall, this cryptocurrency is well-suited for investors looking to experience unique mobile crypto games and those interested in joining the GameFi trend.

For more information, please follow Shiba Shootout on X platform or join their Telegram page.

2. Memecoin - Cryptocurrencies Inspired by Internet Memes

Another significant cryptocurrency trend is Memecoin, which originates from internet memes or viral online trends. Unlike traditional cryptocurrencies, meme coins often do not have specific use cases or technological innovations but derive their value primarily from their community and social media influence. Despite the whimsical nature of Memecoin, meme coins like Dogecoin and Shiba Inu have gained significant market value and appeal in the past year.

The popularity of Memecoin lies in its community-driven nature and the significant potential returns brought about by viral propagation. This makes Memecoin a highly speculative investment, which is why they have dominated the market in the first half of this year, making it one of the best cryptocurrency trends to invest in before the next bull market. Typically, when the cryptocurrency market is thriving, meme coins also gain attention.

To participate in the Memecoin trend, you need to find the most disruptive meme coins in the market. Here are some of the currently developing Memecoins:

1) Base Dawgz - Dynamic Dog-themed Memecoin

Base Dawgz ($DAWGZ) is a new dog-themed Memecoin based on the Base blockchain, supporting multi-chain compatibility with Ethereum, Solana, Binance Smart Chain (BN), and Avalanche networks. With meme tokens built on Base gradually gaining popularity in a market worth over $20 billion, and dog-themed tokens leading the meme token space, Base Dawgz has potential for growth in the next cryptocurrency bull market.

Due to its multi-chain interoperability, staking rewards, and unique airdrop incentives, Base Dawgz (DAWGZ) is one of the most promising meme coins currently, although it is still in the presale stage. The technical advantages of this token set it apart. Leveraging new Web3 tools such as Wormhole and Portal Bridge technology, Base Dawgz's native chain is Base, but the project will connect Ethereum, Solana, Binance Smart Chain, and Avalanche chains, enabling seamless navigation across multiple blockchain platforms.

Additionally, there is an ongoing referral airdrop activity where users can collect points by referring others to participate in the presale. These points can be exchanged for DAWGZToken after the token is listed.

Furthermore, the high potential for yield for DAWGZToken holders is another reason to include Base Dawgz in the meme coin trend. The project is conducting a "social airdrop" activity, which is a sharing and earning rewards activity. This means that interested investors can create and share memes about Base Dawgz during the presale and post them on X platform. For each piece of content generated, Base Dawgz will provide points, which can be exchanged for DAWGZToken later. Another reason favored by cryptocurrency analysts is that Base Dawgz offers over 900% annualized yield rate (APY) for staking tokens.

As of now, Base Dawgz's presale has raised over $2.8 million, making it one of the most successful presales this year. The trading price for each DAWGZToken is $0.007414, representing an increase of nearly 50% from the initial price. The token can be purchased with ETH, USDT, BNB, AVAX, and SOL.

To learn how to participate in the upcoming airdrop activity for Base Dawgz, please follow the project on X platform.

2) Dogecoin - Open Source Peer-to-Peer Digital Currency

Another Memecoin we recommend is Dogecoin, which may be the most famous of all Memecoins. In fact, Dogecoin is an open-source, peer-to-peer digital currency that has gained immense popularity in recent years and is currently the ninth largest cryptocurrency by market capitalization.

Dogecoin was initially created as a joke in 2013 and was considered the original meme coin. It has evolved into one of the most well-known cryptocurrencies, partly due to support from celebrities and cryptocurrency enthusiasts. Dogecoin's large and enthusiastic community, coupled with its gradual adoption in payments and tipping, continues to drive its popularity and value.

One notable supporter of Dogecoin is Elon Musk, the CEO of X platform. He has publicly expressed support for this cryptocurrency on Twitter and even recommended it as a legitimate payment option, significantly contributing to its market price increase.

In terms of price performance, Dogecoin has only seen a 6.6% increase since the beginning of the year, with a nearly 29% annual return rate. However, its trading price is still below its highest point in the past year of $0.229, far below its all-time high of $0.7316.

Dogecoin's market capitalization is close to $15 billion and is primarily used as a tipping system on Reddit and X to reward the creation or sharing of quality content.

Despite the skepticism surrounding it, Dogecoin remains one of the most worthwhile Memecoins to purchase.

3. Layer 2 Token - Blockchain Enhancer

Layer 2 Tokens are another cryptocurrency trend worth paying attention to, offering tremendous potential for the next bull market. In the past year, cryptocurrency applications built on Layer 2 technology have gained immense popularity, mainly due to the technology addressing many limitations of standard blockchain networks.

Layer 2 technology essentially 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 speeds, without compromising on security or decentralization. This technology is crucial for the widespread adoption of blockchain applications as it enhances user experience and reduces costs.

Here are some Layer 2 Tokens worth purchasing to join this trend.

1) Pepe Unchained - Pepe's Layer 2 Blockchain

Pepe Unchained is a unique Ethereum Layer 2 Memecoin that showcases the iconic Pepe image on its own Layer 2 network. By leveraging Layer 2 technology, PEPU aims to enhance the efficiency and transaction capacity of blockchain, making it one of the potential breakout coins in the cryptocurrency market.

Highly anticipated Pepe Unchained Memecoin is a Pepe-inspired token widely regarded as an alternative to the market's third-ranked Memecoin, PEPE. The project leverages Layer 2 technology, offering significant advantages including over 200% annualized yield rate (APY) and lower gas fees.

Additionally, 30% of the total supply of $PEPU, with a supply of 8 billion, is allocated for staking rewards, and the reduction in main network transaction costs, indicating significant price growth potential for PEPU.

Despite Ethereum's upgrade to Ethereum 2.0, its network is still considered slow, and transaction fees remain high compared to other cutting-edge blockchains. Pepe Unchained aims to overcome these limitations by introducing a Layer 2 chain, providing higher speed and lower costs.

Investors are very excited about this project, as evidenced by raising over $7.6 million within a few weeks of its presale launch.

Currently, the price of PEPU is only 0.008946, and raising over $7 million indicates strong market demand, with the presale price expected to increase significantly.

4) Polygon - Ethereum Layer 2 Scaling Solution

Polygon (formerly Matic Network) is a protocol and framework for creating and connecting Ethereum-compatible blockchain networks. As a Layer 2 solution, it aims to improve the scalability, speed, and cost-effectiveness of the Ethereum blockchain. It provides a robust platform for building and connecting Ethereum-compatible blockchain networks.

Polygon increases transaction throughput by processing transactions off the Ethereum main chain and finalizing them on Ethereum, reducing congestion and lowering gas fees, a major issue faced by other cryptocurrency platforms.

Due to Polygon's low fees, fast transaction times, and extensive developer support, it has become a popular choice for decentralized applications (dApps) and DeFi projects. Currently, it is the 21st largest cryptocurrency, with a market capitalization slightly above $4 billion.

In terms of price performance, Polygon's performance has been less than satisfactory. The coin has seen a year-to-date (YTD) decline of -58% and a one-year decline of -41%. However, for established projects like Polygon, this may present a buying opportunity.

Polygon's sidechain structure is specifically designed to support various decentralized finance (DeFi) protocols within the Ethereum ecosystem. While Polygon currently only supports the Ethereum main chain, the network plans to expand support to other underlying chains based on community proposals and consensus.

With this expansion, Polygon will become a decentralized, compatible Layer 2 blockchain platform. This undoubtedly makes Polygon (MATIC) one of the best investment choices, especially for investors looking to join the Layer 2 Token trend in the next bull market.

4. Other Potential Crypto Trends

Looking ahead to the next bull market, here are several other crypto trends worth paying attention to:

1) Decentralized Finance (DeFi)

DeFi continues to revolutionize the traditional financial system by providing decentralized banking, lending, and trading alternatives. DeFi innovations such as yield farming, lending protocols, and decentralized trading platforms are expected to further grow. As an overarching term covering peer-to-peer financial services, DeFi is primarily based on Ethereum and is one of the trends worth watching in 2024 and beyond.

2) Non-Fungible Tokens (NFTs)

NFTs have changed our perception of digital ownership and collectibles. From digital art and virtual real estate to in-game items and music copyrights, NFTs offer unique opportunities for creators and collectors. The combination of NFTs with GameFi and the metaverse is also a trend worth watching.

3) Central Bank Digital Currencies (CBDCs)

As digital currencies become more prevalent, many countries are exploring the development of CBDCs to modernize their financial systems and provide digital alternatives to cash. The introduction of CBDCs could significantly impact the global financial landscape and further drive the adoption of digital currencies.

4) Interoperability Solutions

With the growing number of blockchain networks, interoperability between networks is becoming increasingly important. Projects like Polkadot and Cosmos are developing solutions to achieve seamless communication and asset transfer between different blockchains, which could drive innovation and adoption.

5) Green Cryptocurrencies

As awareness of the environmental impact of cryptocurrency mining, especially Bitcoin, increases, green cryptocurrencies using low-energy consensus mechanisms are gaining attention. Projects like Chia, which use proof of space and time consensus, are leading this trend.

6) Decentralized Autonomous Organizations (DAOs)

DAOs provide 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 fields, making it a trend worth watching before the next bull market.

7) BRC20Token

BRC20Token is a recent innovation that has shaken up the crypto world by creating tokens on the Bitcoin blockchain. This development opens up exciting possibilities for investors and businesses.

The rise of BRC20Token leverages the established security and widespread user base of Bitcoin, allowing investors to access a wider range of financial products such as DeFi tools and tokenized assets, all built on the trusted Bitcoin network. Additionally, businesses can create their own tokens for fundraising or loyalty programs, leveraging Bitcoin's brand awareness and stability. The potential for expanding possibilities on the Bitcoin blockchain is driving current market trends, making it a trend worth watching before the next bull market.

Original Article Link: https://www.hellobtc.com/kp/du/08/5355.html

Source: https://cryptodaily.co.uk/2024/08/best-crypto-trends-for-next-bull-run-gamefi-meme-coins-layer-2

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