WIth the crypto market out of bear territory and heading for potentially new heights in 2024, many are looking for new opportunities to capitalize on.
Among older players that have been on the market for years now, newcomers also have a lot to offer. NFT, Metaverse and DeFi projects are still the community’s favorites, but other industries that have been flying under the radar for some time have started to surface again with new solutions.
Here is our list of some of the most promising projects for 2024 in the blockchain space to keep an eye on. Keep in mind that the list is not structured, so no project in it is necessarily better or worse than the others. As usual, do your own research. Let’s dive in!
Celestia (TIA)
Celestia is advertised as the first modular blockchain network. What this means is that it allows developers to launch their own blockchain solutions quickly and easily by providing a flexible development toolkit and better conditions compared to traditional solutions. Celestia takes several innovative approaches, such as decoupling the consensus and application execution layers, which greatly speeds up the process of launching a dApp. The native token TIA is used to pay for gas fees by developers, to participate in the network’s consensus mechanism through staking and for node creation.
Celestia can become a catalyst for rapid dApp adoption by streamlining a much easier process of creating such applications, giving developers a higher degree of freedom and convenience.
ThorChain (RUNE)
RUNE is certainly not a new coin, yet one that many people have been considering to be revolutionary for the crypto market. In a space where new blockchain networks and different layers emerge, demand for swaps from one network to another has increased by a mindblowing proportion.
This is exactly what ThorChain is focusing on. The decentralized cross-chain liquidity protocol offers a DEX where blockchain interoperability becomes a reality. Unlike traditional decentralized exchanges, which operate only on one specific blockchain, ThorSWAP offers 9 blockchains under one roof.
The project is positioned in the DeFi space, the most rapidly growing subcategory of the cryptocurrency market, and as such is expected to continue to enjoy increasing interest from investors.
Injective Protocol (INJ)
Injective Protocol is a layer 1 blockchain specifically built for the finance industry. The project is positioned in the decentralized trading market, which is currently experiencing explosive growth.
Injective Protocol offers a rich toolkit for developers that aims to improve the dApp development dramatically in terms of efficiency and scalability. A proprietary smart contract layer, high security and cross-chain operability combined with outstanding transaction speed might be exactly what the DeFi market needs.
From a market perspective, the novel solution has the potential of becoming the next Solana, as DeFi is the most rapidly growing sector within the cryptocurrency industry as a whole and the demand for solutions in this area is skyrocketing.
TG Casino (TGC)
After the boom of ICOs in 2017 when gambling projects were around every corner, few would have thought that crypto casinos would make a comeback.
TG Casino is an exception of the rule. The GambleFi project (like DeFi) is the first casino that operates its betting through Telegram. The token is used to place bets and is the source of various rewards to its holders like NFTs.
TG Casino has already raised more than 70% of its funding goal and is offering various ways for investors to generate additional income through staking at way above average APY. The project is also introducing various tokenomic mechanisms such as large buybacks in order to keep the economy healthy.
Blockchain Property Gate (BPGT)
Blockchain Property Gate (BPGT) is one of the few projects in the real estate sector that are planning an entry to the market in 2024.
Blockchain and real estate have been known to synergize very well together due to the advantages offered by asset tokenization, which in real estate is the process of fractionalization of a property into hundreds or thousands of tokens on the blockchain and distributing them among investors. This allows multiple investors to co-own a property that would be otherwise difficult to find a buyer for.
Blockchain Property Gate goes a step further by introducing a security token that not only represents real estate assets, but also gives access to profit share rights of 30% to its holders. Investors can benefit from both the increasing value of the real estate assets and the net profit the company generates through rental payments and reselling of previously acquired and renovated properties.
Blockchain Property Gate is currently conducting a private sale with discounts for early adopters of 10%. You can learn more about the project and sign up for the white list at www.blockchain-property-gate.com.