Bitcoin and Crypto Poised for Resurgence in 2024 Due to Halving, Scalability Gains, and Web3 Innovation
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Bitcoin will resurge in 2024 due to several catalysts like the halving, more spot ETF approvals, and improvements to programmability and scalability. This could fuel "DeFi Summer 2.0".
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Social tokens and NFTs will reinvent social experiences. Platforms like friend.tech, Lens, and Blackbird are pioneers in tokenizing social apps and loyalty programs.
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TradFi-DeFi bridges will increase via stablecoins, mirrored assets, and institutional adoption. More fiat on-ramps and off-ramps are likely.
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Modular blockchains will intersect with zero-knowledge proofs for increased flexibility and privacy. This enables composability between blockchain components.
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Cheaper gas fees enable more complex on-chain apps like AI, maps, games. Computationally-intensive dapps become economically viable as scalability improves.