Trending Cryptocurrencies: December 2024

The cryptocurrency market continues to evolve rapidly with several projects attracting investor expectations as 2024 draws to a close. Here is a look at the main trends:

1. Ethereum on the Rise

Ethereum (ETH) could surpass Bitcoin (BTC) in terms of performance in 2024. Thanks to its planned EIP-4844 update, ETH could reach record levels, estimated at $5,000. This improvement promises to reduce transaction fees and speed up transfers, strengthening its position in the field of decentralized applications (dApps) and decentralized finance (DeFi)【8】【9】.

2. The Growing Role of Altcoins

Projects like XRP, Cardano (ADA), and Dogecoin (DOGE) are experiencing interesting momentum. They could reach $3.67, $2.4, and $0.88, respectively, according to analysts. Metaverse-related cryptos such as Decentraland (MANA) and Sandbox (SAND) are also seeing impressive increases, up 218% and 176%, respectively, which could signal a new wave of interest in virtual reality-related digital assets【8】.

3. Worldcoin and Digital Identity

Worldcoin, with its World ID 2.0 system, is transforming online authentication. The system aims to integrate platforms like Shopify and Reddit, while ensuring better user security and privacy. This could also extend to government and banking applications【9】.

4. The Growing Popularity of Memecoins

The Solana-based memecoin BONK is experiencing a meteoric rise. Backed by Coinbase, its value has jumped 50% in 24 hours. This performance strengthens its position among the most popular memecoins after Dogecoin and Shiba Inu【9】.

Outlook for 2024

Cryptocurrencies will likely continue to play a key role in the finance, technology and even digital identity sectors.