Support our efforts, sign up to a full membership!
(Start for free)
Register or login with just your e-mail address

Two Trends In Crypto For 2024

Hot Songs Around The World

Dua Lipa
313 entries in 26 charts
Lovin On Me
Jack Harlow
327 entries in 23 charts
Stick Season
Noah Kahan
359 entries in 20 charts
328 entries in 20 charts
Lose Control
Teddy Swims
388 entries in 25 charts
Beautiful Things
Benson Boone
234 entries in 26 charts
Si No Estas
Inigo Quintero
303 entries in 17 charts
Yes, And?
Ariana Grande
195 entries in 27 charts
Ofenbach & Norma Jean Martine
186 entries in 14 charts
Taylor Swift
620 entries in 23 charts
Tate McRae
682 entries in 28 charts
Two Trends In Crypto For 2024
New York, NY (Top40 Charts) Cryptocurrency has had a fascinating and rather turbulent history. It was invented by a programmer (or group of programmers) using the pseudonym Satoshi Nakamoto in early 2009. Created by using the processing power of computers (known as mining,) it's a truly modern form of currency that obeys no national boundaries, being stored purely online. Traders can buy and sell cryptocurrencies; however, the market is known for its high volatility. This makes it an attractive proposition for both skilled and inexperienced traders who are seeking to make high returns in a short period of time.

Typically, shifts in cryptocurrencies can reach between 5-10% daily. Few other stocks and instruments fluctuate to this degree with such regularity, and it can be hard to predict even hourly movements in these markets.

In this article, two of the top trends for crypto that are expected to occur during 2024 will be outlined. There's a discussion on how online gaming (specifically the online casino sector) is moving toward crypto payments and prizes along with an exploration of the next 12 months for the leading and most well-known cryptocurrency, Bitcoin.

1.   Online casinos offering crypto payments

The online casino industry is experiencing impressive market growth, with a predicted growth rate of 13.7% between 2021 and 2028. Consumers increasingly use their smartphones to gamble at sites such as which offer a diverse range of slot machines, immersive gaming environments, and regulated virtual machines that use RNG algorithms to ensure that stated average payouts are obeyed over extended spins.

While many online casinos still require gamers to make deposits of traditional forms of currency (i.e., dollars, euros, etc.,) an emerging trend is that more online casinos are beginning to use cryptocurrency. Some sites now accept deposits in the form of crypto and may offer this form of currency as payment for winnings.

One of the key benefits that crypto offers consumers at online casinos is an enhanced degree of anonymity. You don't have to reveal any personal information when making deposits with crypto at many online casinos, making it ideal for gaming adults who wish to keep their personal information private. It's expected that 2024 will be the year when more online casinos start to accept cryptocurrencies as payment and as a form of winnings from their sites.

2.   A positive outlook for Bitcoin

In recent years, Bitcoin has experienced turbulent times, none more so than in 2022. During this year, BTC plummeted in value from a peak of $68,000 in 2021 to a low of under $20,000 in June 2022. This month was recognized as the worst for Bitcoin since September 2011 as losses for the month amounted to 40%.

Recession and rising inflation levels along with other global geo-political factors were blamed for this spectacular crash, although in the subsequent year, Bitcoin managed to regain market confidence (while economic conditions remained challenging around the world) reaching a peak of over $41,000 in December 2023.

In 2024, the US is currently on the edge of a banking crisis and is experiencing mounting debt which could deeply impact global financial markets. If such economic factors become prominent in 2024, Bitcoin is likely to be seen as an increasingly attractive investment option which may lead to healthy rises in its value.

At present, the outlook for Bitcoin is far more positive than in 2022, and the resurgence of this currency in 2023 has demonstrated that it can weather catastrophic storms while remaining viable as a trading currency.

Most read news of the week

© 2001-2024 (S4)
about | site map
contact | privacy
Page gen. in 0.0091500 secs // 4 () queries in 0.0045802593231201 secs