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The crypto world is constantly changing, which means new digital asset trends emerge on a regular basis.
However, with so many trends to be aware of, it can be overwhelming for investors to know which ones are worth their attention.
This article will explore five new cryptocurrency trends to watch in the latter half of 2023 – with an emphasis on the key players that could shape the future of the digital asset landscape
1. Meme Coins
The first trend to be aware of is meme coins, which are loved by retail traders around the world.
As the cryptocurrency market continues to grow in size, meme coins have emerged as a surprising force.
Inspired by internet culture and humor, these digital assets offer a unique combination of viral marketing and community engagement.
Moreover, they also offer room for exponential returns – as evidenced by meme coin legends like Dogecoin and Shiba Inu.
One of the newest meme coins currently making waves in the market is Wall Street Memes ($WSM).
Wall Street Memes is an emerging powerhouse in the meme coin world, riding the wave of the tremendous success of the Wall St Bulls NFT collection.
This community-driven project quickly gained attention and generated nearly $10 million during its ongoing pre-sale phase.
At the heart of the project is $WSM, an ERC-20 token that embodies Wall Street Memes’ goal of rewarding its global “degen” community.
This community is growing rapidly, with thousands of people joining the official Telegram channel to learn more about the project.
With $WSM tokens still available for purchase for just $0.0298, investors are rushing to grab a piece of the action before the presale ends.
2. AI Crypto
Another emerging trend that looks set to reshape the market is AI-powered cryptocurrencies.
Blockchain and artificial intelligence (AI) form a powerful duo in the world of crypto, making AI-powered coins and tokens extremely valuable.
These cryptos leverage machine learning (ML) and other technologies to power innovative functionalities that increase their value.
As such, the intersection of blockchain and AI technology looks set to redefine the potential of decentralized networks.
yPredict ($YPRED) is at the forefront of this trend, aiming to democratize the crypto-analytics sector by providing users with a range of valuable tools and services.
According to yPredict’s white paper, the platform will feature a super-fast trading terminal, an analytics dashboard and AI-powered trading signals to give traders the “edge” in the market.
Additionally, yPredict will allow users to subscribe to price prediction models created by the top 1% of AI developers and quants – something usually reserved for institutional investors.
Underlying these features is the $YPRED token, which offers holders various benefits such as discounts on yPredict services and quarterly stake rewards.
Currently, the yPredict presale has already raised more than $2.5 million – laying the groundwork for a promising launch later this year.
As the next phase in the evolution of decentralized finance, DeFi 2.0 seeks to address several issues that have plagued DeFi 1.0 since its inception.
These issues include a lack of scalability, poor transaction efficiency and low levels of innovation.
Fortunately, several new DeFi 2.0 protocols are emerging, offering users more effective ways to maximize their cryptocurrency holdings.
DeFi 2.0 also offers room for exciting projects to come to the forefront of the market – with DeeLance ($DLANCE) being one of the standout performers in recent weeks.
DeeLance is a Web3-based freelancing and recruiting platform that wants to revolutionize how freelancers connect with potential clients.
The platform boasts NFT and metaverse integration, which sets it apart from its centralized competitors, such as Fiverr and LinkedIn.
All client-to-freelancer payments are handled using $DLANCE, DeeLance’s native token, meaning freelancers can receive instant payouts.
Not only that, but this approach ensures that payment disputes are not a concern for those using the DeeLance platform.
According to the project’s white paper, DeeLance will also offer much lower fees than its competitors in the recruitment sector, thanks to the platform’s decentralized nature.
This setup helped DeeLance raise more than $1.3 million in funding during its pre-sale phase – highlighting the growing anticipation among investors.
4. Sustainable Crypto
Another trend now emerging in the digital asset space is sustainable cryptocurrencies.
As environmental issues surrounding cryptocurrencies increase, sustainable coins and tokens offer a viable solution.
These cryptos are designed to reduce energy consumption and encourage eco-friendly practices – paving the way for a greener blockchain sector.
One of the most prominent events in this area recently was Ethereum’s switch to a proof-of-stake (PoS) protocol, which reduced the network’s energy requirements by more than 99%.
However, Ecoterra ($ECOTERRA) is also making headlines in the sector as a dedicated sustainable cryptocurrency project.
Simply put, Ecoterra is a blockchain-based ecosystem that aims to make a tangible impact in the fight against climate change.
The ecosystem is centered around the groundbreaking Recycle2Earn app, which allows users to earn $ECOTERRA tokens for recycling items such as glass, plastic and cardboard.
However, Ecoterra’s ecosystem will also feature a carbon offset market, a recycled materials market for businesses, and a public “Impact Profile” for all users.
Ecoterra’s ongoing presale has attracted tremendous attention, with more than $5.2 million invested in $ECOTERRA tokens since it began.
Not only that, but more than 15,000 people now follow the project’s official Twitter account – indicating a growing interest in this innovative (and sustainable) crypto.
Finally, metaverse projects are also seeing a comeback after the space saw a sharp decline in interest during 2022.
The metaverse is the latest frontier in crypto, offering virtual spaces where users can interact in a way that mimics the real world.
Cryptocurrencies linked to metaverse projects offer unique growth opportunities, as a report from McKinsey estimated that these projects could generate up to $5 trillion in value by 2030.
One of the most prominent cryptos directly linked to metaverse concepts is The Sandbox ($SAND).
This decentralized virtual world, built on the Ethereum blockchain, allows users to create, control and sell items in the world.
All transactions in the world are made using $SAND – The Sandbox’s native token.
In addition to this element, users can also own and rent plots of virtual land, handily called $LAND, which are structured as NFTs.
Overall, The Sandbox is one of the pioneers of metaverse-based cryptocurrencies — and it looks likely to lead the charge as the metaverse trend picks up steam.
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Disclaimer for Uncirculars, with a Touch of Personality:
While we love diving into the exciting world of crypto here at Uncirculars, remember that this post, and all our content, is purely for your information and exploration. Think of it as your crypto compass, pointing you in the right direction to do your own research and make informed decisions.
No legal, tax, investment, or financial advice should be inferred from these pixels. We’re not fortune tellers or stockbrokers, just passionate crypto enthusiasts sharing our knowledge.
And just like that rollercoaster ride in your favorite DeFi protocol, past performance isn’t a guarantee of future thrills. The value of crypto assets can be as unpredictable as a moon landing, so buckle up and do your due diligence before taking the plunge.
Ultimately, any crypto adventure you embark on is yours alone. We’re just happy to be your crypto companion, cheering you on from the sidelines (and maybe sharing some snacks along the way). So research, explore, and remember, with a little knowledge and a lot of curiosity, you can navigate the crypto cosmos like a pro!
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