The cryptocurrency market is currently paused, creating opportunities for new trends.
Bitcoin maintains a price range of 110,000 – 111,000 USD, while Ethereum experiences a correction that has the market anticipating an upcoming growth cycle. Altcoins and less appreciated areas like Real Asset Tokenization have outstanding potential.
MAIN CONTENT
Bitcoin is stable, and Ethereum shows potential for a breakout similar to 2021.
The upcoming cryptocurrency cycle is expected to have no single dominant blockchain.
Real Asset Tokenization is seen as the most valuable sector and is expected to grow significantly in the future.
How is the current cryptocurrency market evolving?
Bitcoin is trading around 110,000 – 111,000 USD, reflecting a temporary slowdown in price trends. September is often a weak period for the cryptocurrency market with price corrections and sideways fluctuations.
Ethereum is also undergoing a correction after showing similar signs to the strong price increase in 2021, when prices stabilized near the peak before surging high.
This stability is seen as an accumulation phase for long-term investors, preparing for the market's next move.
What is the role of altcoins in the next cryptocurrency cycle?
Syed Musheer Ahmed, founder of Finstep Asia, asserts that the next cycle will not revolve around a single dominant blockchain. Instead, multiple Layer-1s will coexist, serving distinct purposes.
Ethereum, thanks to a strong developer base and continuous upgrades, remains central. Solana stands out with processing speed and efficiency, continuing to grow.
Additionally, projects like Chainlink and Stellar may be valued higher in specific applications such as interoperability and payments.
"The next cycle will not be the dominance of a single blockchain but the parallel and specialized development of multiple Layer-1 networks."
– Syed Musheer Ahmed, Founder of Finstep Asia, 2024
Which area in cryptocurrency is currently undervalued?
According to Syed Musheer Ahmed, Real Asset Tokenization (RWA) such as real estate, stocks, and bonds is still very early and represents a significant investment opportunity.
The transition of traditional assets onto the blockchain will create strong momentum for the next wave of cryptocurrency adoption.
Although areas like AI tokens, gaming, and DeFi still play important roles, Real Asset Tokenization stands out thanks to its direct connection to the traditional market and enormous asset scale.
The key factor for successful development is enhanced multi-chain interoperability and improved technical standardization.
"The key to success is the ability to connect multiple chains with synchronization standards, making digitized assets easily accessible and usable across blockchains."
– Syed Musheer Ahmed, Founder of Finstep Asia, 2024
What technology trends will drive the development of cryptocurrency in the coming time?
Cross-chain bridge technology and unified standardization will help improve interoperability between blockchains.
Enhancing communication between Layer-1s will facilitate the connection of diverse services and applications, especially in the fields of Real Asset Tokenization and DeFi.
This signifies more efficient operations, minimizing risks, and optimizing user experience in the multi-chain cryptocurrency ecosystem.
Frequently Asked Questions
What signs does the cryptocurrency market currently show for a new cycle?
Bitcoin stabilizes in the price range of 110,000 – 111,000 USD, and Ethereum's adjustment near its peak indicates that the market is accumulating in preparation for a new breakthrough.
Which altcoin is expected to develop strongly in the next cycle?
Ethereum, Solana, and projects like Chainlink, Stellar are predicted to develop in a specialized direction, with no single blockchain dominating.
Why is Real Asset Tokenization highly valued?
Tokenizing traditional assets like real estate and stocks offers great potential thanks to direct connections with the traditional market and enormous asset scale.
What role do multi-chain bridges play in cryptocurrency?
Bridge technology helps different blockchains interact effectively, supporting the development of diverse and sustainable applications across multiple platforms.
What are the factors driving the success of multi-chain technical standards?
Unified standardization helps increase compatibility, reduce development costs, and improve user experience in the cryptocurrency ecosystem.
Source: https://tintucbitcoin.com/nganh-nao-dan-dau-chu-ky-moi/
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