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5 cryptocurrencies to buy domains while Bitcoin collapses
Bitcoin is suddenly collapsing, sending mixed signals to investors. Little by little, the hope of a new rally above $70,000 this week fades with each downward step of the BTC price. The largest digital assets must defend $67,000 support or risk collapsing to $65,000 this weekend. Far from Bitcoin’s collapse, key cryptocurrencies for buying domains stand out with immense rally and bull market shaping potential, including AI, DePIN, meme coins, and RWA.
1. The best cryptocurrencies to buy domains: Meme coins
Meme coins they have come a long way, evolving from joke currencies to utility-based, market-moving trends. Leading the group, Dogemoneta fueled the 2021 bull run after Elon Musk endorsed it. Second Most Holya blockchain analysis tool, the entire meme coin industry now boasts a market capitalization of $62 billion, proving that meme coins are anything but a joke.
When it comes to influencing bull cycles, meme coins play a crucial role. Historically, liquidity flows from Bitcoin to large-cap utility coins and then, up the chain. However, during the 2021 bull run, liquidity bypassed the usual path and went straight into meme coins. The next bull run could likely mimic 2021, as meme coins have become more integrated with technology, offering something “serious” that cryptocurrencies don’t have: fun.
2. Artificial Intelligence (AI)
The development of Artificial Intelligence (TO THE) has accelerated since November 2022, when OpenAI launched ChatGPT. As the world enters a technological revolution, artificial intelligence is at the forefront.
Blockchain platforms such as SingularityNET (AGIX) and Cortex (CTXC) are now integrating elements of artificial intelligence, improving their efficiency beyond traditional blockchain protocols.
For example, Nim Network (NIM), a new blockchain dedicated to gaming, incorporates AI game agents (AI Avatar) to assist players even when they are AFK (away from the keyboard), marking technological advances in AI. It is among the top cryptocurrencies to buy domains leading the next bull run.
3. Decentralized Physical Infrastructure Networks (DePIN)
In the next bull race, decentralized physical infrastructure networks (DePIN) will be crucial to expanding blockchain into the mainstream world. The next bull cycle may surpass the previous one in terms of liquidity, making it necessary to integrate the traditional financial world (TradFi) with crypto networks. DePIN facilitates this connection.
Led by major projects like Chainlink (CONNECTION), Centrifuge (CFG) and Rio Network (RIO), DePIN will feed real-world data, such as Forex prices, commodity prices and weather forecasts, through Oracles and tokenize material assets on-chain. DePIN’s role in the crypto space is undeniable, making it one of the best cryptocurrencies to buy the dominance needed for the next bull market to succeed.
4. Tokenization of real-world assets (RWA).
An extension of DePIN, real world resource (RWA) tokenization has progressed significantly and is becoming essential in the crypto space. RWAs are assets that can be tokenized for use in blockchain, including real estate, art, carbon credits, and stocks.
RWA tokenization converts the value of these assets (not the assets themselves) into cryptocurrency tokens, which are tradable on centralized and decentralized exchanges. Ondo Finance (WAVE) and Pendle (PENDLE) are leading the RWA crypto projects, along with many other startups introducing innovative ideas to exploit this market. RWA’s potential to bring TradFi liquidity to the chain is huge, making it one of the best cryptocurrencies to buy domains to lead the 2024 bull run.
5. Staking and Restaking Liquids
Invented shortly after Ethereum emerged, staking has provided passive income to many crypto investors familiar with the space. However, liquid staking and restakes are less well known.
The mechanism for liquid staking is simple. Stake a cryptocurrency, such as ETH, on a liquid staking platform such as Lido Finance and receive an equivalent amount of Lido Staked ETH (stETH). You can then stake the stETH on a liquid restake platform like Renzo to receive Renzo Restaked ETH (EZET).
Liquid staking is set to lead the next bull run because it adds liquidity to the market and brings innovation previously limited to the TradFi derivatives market to the blockchain.
Conclusion
The next big wave of cryptocurrencies could be driven by several interesting areas: meme coins, artificial intelligence (AI), decentralized physical infrastructure networks (DePIN), real-world assets (RWA) tokenization and liquid staking and restakes. All of these are the cutting-edge parts of the cryptocurrency world, offering new ways to invest and make money.
As the market continues to change, these best cryptocurrencies to buy domains could shake things up and help more people use cryptocurrencies, potentially making some investors happy with great returns.
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