The Bitcoin block halving has injected a sense of positivity into the cryptocurrency markets as the bullish momentum starts to kick into every crypto sector.
As the bullish sentiment enters a new phase, traders are turning their attention towards the top trending crypto categories, looking to position themselves into newly emerging projects that have the potential to produce outsized returns.
The trending crypto categories in 2024
- Artificial Intelligence
AI is a trending crypto category in the industry, with the entire technology industry’s eyes cast on its next move.
AI is dubbed the future of technology, with projects like OpenAI – the leading AI project – making advancements at the speed of light. OpenAI recently showcased its Sora product, which produces mind-blowing realistic videos from text-based prompts. The product’s release sent shockwaves through the industry, spilling over into the crypto market as top AI-based crypto projects exploded.
In the crypto market, the AI sector is led by projects like Fetch.ai and SingularityNET.
Fetch.ai is setting itself up to become the open platform to build AI applications and services, creating an infrastructure for every legacy system to become AI-ready without needing to change their APIs. On the other hand, SingularityNET aims to be a decentralised AI platform that lets anybody create, share, and monetise AI services at scale.What’s new in AI?
With AI surging, one of the newly emerging projects in the sector is Scotty the AI – a project combining meme coins with an AI-integrated blockchain.The primary mission behind Scotty the AI is to deliver AI-powered solutions that help to enhance security, fraud detection, and risk mitigation in the blockchain space. The platform has an elite-level DEX, ScottySwap, which provides seamless token swaps powered by AI that ensure every trade is secure and optimised for maximum gains.
It also has an AI-powered chatbot, Scotty Chat, that provides deep insights and market analysis of trending cryptocurrency tokens – allowing users to get positioned before the mainstream market.
Overall, Scotty the AI’s artificial intelligence integration, is set to bring advancements in the crypto space, making this the perfect early entry opportunity.
You can buy $SCOTTY through the project’s website using $ETH, $USDT, or a credit/debit card.
Airdrops are another trending cryptocurrency category, causing a wave of engagement in 2024.
Airdrops are a token distribution method project used to reward the early adopters of their protocols. It’s also a marketing method, helping projects generate intense hype in the project’s early days to build momentum. Finally, airdrops are rewarded to those who participate in testnets, helping projects gain insight into user experience and test their protocols under stress.
The airdrop sector is buzzing in 2024 after Jupiter released a billion-dollar Airdrop in January 2024, rewarding early adopters of its protocol with its $JUP token. The airdrop injected the optimism surrounding future airdrop projects, spawning a new breed of airdrop hunters looking for the next lucrative opportunity.
What’s new for airdrops?
One of the trending airdrop projects for free token distribution is Smog Token ($SMOG).
Smog Token is an airdrop-focused meme coin turning heads on the Solana blockchain following its fair launch in early February.
The project allows users to buy and hold $SMOG tokens to accumulate airdrop points to participate in its historic airdrop. Users can also accumulate points by completing quests on its Zealy campaign, rewarding users with airdrop points for tasks like following SMog Token on X.com and visiting the website.
With over 35% of the total supply for this airdrop, experts believe it will be a spectacle in the sector.
$SMOG can be purchased on the project’s website using $ETH with a 10% discount or through Jupiter DEX using $SOL.
The final trending crypto category surrounds Decentralised Physical Infrastructure Networks, otherwise known as DePIN.
DePIN is a new bubbling category involving a physical infrastructure network operated by a series of deployers incentivised through token economics. The deployers create a network of services that users can access completely decentralised and permissionless.
Examples of DePIN projects include Filecoin and Render. Filecoin has been around since the term DePIN existed. It allows its users to store data on a network of decentralised hard drives operated by individual storage providers. Users pay in $FIL tokens to store their files securely, with storage providers being rewarded for their service.
Render is similar to Filecoin. However, it offers decentralised GPU rendering services instead of decentralised data storage.
What’s new for DePIN?
One of the newly emerging projects in the DePIN sector is eTukTuk ($TUK). This platform seeks to bring the electric vehicle revolution to the developing world through affordable EV solutions.
eTukTuk has built a groundbreaking three-wheeler EV designed to replace the tuk-tuk, one of the most popular modes of transportation in developing nations. Unfortunately, the tuk-tuk emits more carbon emissions than traditional cars, and eTukTuk intends to change this through its zero-emission vehicle.
In addition to the EV, eTukTuk will create a decentralised infrastructure of charging stations operated by Territory Partners. Every time a driver charges their vehicle at one of these stations, all holders of $TUK are rewarded through network fees – making $TUK a lucrative opportunity with an ambitious plan.
$TUK is still available at early adopter prices through its presale, which can be bought using $ETH, $USDT, or a credit/debit card.
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