An experienced data scientist revealed a number of trends that could dominate the cryptocurrency segment during its next rally. Some of them are already making waves in 2023, while others are just taking shape.
Fintech/crypto, betting, gaming, RWA: trends you shouldn’t miss
According to the thread shared by Svanevik on X, several segments of crypto innovation could see an influx of capital in the next bull rally. First of all, it is the synergy between “fintech frontends” and “crypto backends”. The launch of PayPal’s stablecoin on Ethereum (ETH) is an important symbol of this coming narrative.
Furthermore, with the increasing adoption of cheap, fast and resource-efficient second layer solutions, the spheres of gaming and crypto betting will gain traction. The success of crypto betting app Rollbit could be a predecessor to this trend.
Next, the tokenization of real-world assets, especially short-term debt obligations (Treasury bills), will be in the spotlight in the coming months. While many teams are busy researching and developing some concepts in this area, the giants could launch promising products:
Tokenized T-bills can actually consume a lot of stablecoin supply! I’d be surprised if Circle and Tether don’t move here.
So, just like what happened in the previous bull rally, cryptocurrency-based gaming protocols will be of utmost importance for the Web3 segment. After two years of construction, some projects could release Web3 games in the next six months.
Svanevik mentioned Axie Infinity (AXS) and Mix Mob as the games he “supports” now.
SocialFi, hybrid NFTs and liquid staking derivatives could gain traction
Furthermore, he is optimistic about the promises of SocialFi, the hottest trend in crypto of Q4 2023. While proper success may require several iterations and forks, this trend will not disappear in the bullish phase of market progress, says the analyst .
As U.Today previously reported, leading SocialFi app Friend.tech surpassed Bitcoin (BTC) and Ethereum (ETH) in daily fees, while its Avalanche-based competitor Stars Arena was hacked twice in less of 72 hours.
So the success of Pudgy Penguins “physical” NFTs could also start a powerful trend, Svanevik concluded.
When asked about the outlook for liquid staking derivatives (LSD) protocols, the analyst also expressed long-term optimism.
