2024 Crypto Predictions and Narratives

Summary The Leviathan News team discusses their predictions for the crypto industry in 2024. They believe it will be the year of the internet of blockchains, with a focus on modularity and the rise of layer 2 solutions. They discuss the potential winners in the L2 space, such as Eigenlayer and Celestia, and the importance of launching L2s. They also explore the drama and on-chain governance in the Cosmos ecosystem, as well as the opportunities and challenges in liquid staking and bridge security. Finally, they predict the first billion dollar valuation in the gaming industry. The conversation explores the potential of GameFi and Telegram games, highlighting the wide distribution network of Telegram and the ease of access for users. It discusses the different approaches for game developers, including fully permissionless games and games built within existing platforms like Telegram. The conversation also touches on the revenue potential of GameFi and the market size of gaming. It delves into the future of stablecoins, with a focus on USDC and Tether dominance, the challenges for Dai, and the need for decentralized stablecoins. The conversation concludes with a discussion on the evolution of privacy technology and the potential of consumer apps, particularly social trading apps. Takeaways 2024 will be the year of the internet of blockchains, with a focus on modularity and the rise of layer 2 solutions. Eigenlayer and Celestia are potential winners in the L2 space, but there are risks and challenges to consider. The Cosmos ecosystem will continue to define on-chain governance and may see the launch of more L2s. Liquid staking and bridge security are important areas to explore in 2024. The gaming industry may see the first billion dollar valuation, driven by mobile-first games and the integration of stablecoins. Telegram games have the potential for significant growth due to the wide distribution network and native wallet integration within the platform. Game developers can take different approaches to GameFi, including fully permissionless games or games built within existing platforms like Telegram. The revenue potential of GameFi is significant, with the gaming industry generating billions of dollars in revenue. The future of stablecoins is uncertain, with USDC and Tether currently dominating the market, but the need for decentralized stablecoins and the potential impact of regulatory scrutiny and CBDCs could shape the landscape. Privacy technology is evolving, but the adoption of privacy-focused apps may be hindered by regulatory concerns and the lack of clear benefits for users. Consumer apps, particularly social trading apps, have the potential to attract users and drive adoption in the crypto space.