Top 5 Cryptocurrencies to Keep an Eye on March 2024

2024 begins with a bull market in the cryptocurrency sector following a protracted bear market.

The fall of the Silicon Valley Bank caused the stock markets to experience increased volatility and increased awareness of the digital market.

And the total value of the cryptocurrency market returned to $1.1 trillion.

Top 5 Cryptocurrencies to Keep an Eye on March 2024: eAskme

Bitcoin: The King

The market leaders Bitcoin and Ethereum have seen significant price increases since March 10, when New York officials shut down Silicon Valley.

After the US bank declared bankruptcy, the value of BTC and ETH increased by about 10%.

Other significant altcoins also stirred up the market with recent releases and updates.

The price of Bitcoin, the cryptocurrency with the largest market share (44%), reached a nine-month high of $26,000 on March 14.

The leading cryptocurrency always influences the price of minor cryptocurrencies.

By the way, since the start of 2024, the price of BTC has climbed by nearly 49% and 13% in a single week.

Most of the sector declines when the market is bearish.

However, specific market segments emerge after gaining traction from a product or exchange launch. The key is to find these projects early enough to invest in them before the majority of the move.

Shiba Inu: The things you must not miss about it

Shiba Inu's new layer-2 blockchain, "Shibarium," in its initial beta, "Puppynet," is well-known for generating much skepticism in the cryptocurrency community.

The second-largest meme coin, founded as a joke, also focuses on innovations with significant use cases.

Due to the March 12 debut, the SHIB community dubbed themselves "Dogecoin Killer," and may the SHIB Army's beliefs come true.

Shiba Inu has removed six zeros since September 2020.

Additionally, SHIB prices have increased following a significant decline.

Shiba Inu, however, had a market cap of $6 billion, a 24-hour trading volume of $397 million, and a price of $0.0000105 at the time of writing.

The hoopla surrounding the Shibarium may fail to drive up the price of SHIB.

Polygon, the worthy crypto:

On March 27, Polygon, one of the notable Ethereum projects, will launch the mainnet for its layer-2 scaling solution, "zkVM," zero-knowledge technology.

According to Polygon, zkVM and Ethereum's Virtual Machine (EVM) are comparable.

That would be compatible with Ethereum's code. Thanks to the development, users benefit from reduced expenses, a 90% fee decrease, and quick and secure transactions.

Singularity: The name you won’t forget about:

Everyone is drawn to the hoopla around artificial intelligence (AI) and chatbots.

A crypto coin powered by AI has also begun to circulate in the market.

Cryptocurrency investors are becoming interested in SingularityNET (AGIX), an AI developed by the Sophia team.

Dogecoin used to be triggered by Elon Musk's interaction, but Al is now starting to leap into it.

A rumor is circulating on social media that Musk's AI development team may be SingularityNET after he said he had hired a team to create a new AI chatbot.

Additionally, the CEO of Twitter shared a poster today with the word Singularity in the image.

Let’s know about the crypto GPT:

One of the cryptocurrency tokens built on layer-2 zero-knowledge (ZK) blockchain and AI is called CryptoGPT (GPT).

On March 10, CryptoGPT unveiled its GPT coin and referred to itself as a cryptographic ecosystem. Nevertheless, the token generates much buzz on social media and business.

The website caters to traders of all skill levels, from novices to experts.

The dashboard attempts to assist traders in identifying potential currencies to trade before those coins become well-known and valuable.

The detailed market insights are intended to aid traders in developing market-beating tactics.

Additionally, the platform's strategy builder actively promotes independent strategies by enabling traders to create plans.

The system also provides backtesting capital to allow traders to test methods without putting real money in danger.

Conclusion:

Despite the horrifying bear market, all of the projects on this list are serious contenders to become the next cryptocurrency to become viral in 2024.

This is so that they can be widely adopted in 2024 since they have strong foundations, unique concepts, and a skilled workforce.

BitAi Methodis a safe platform where you learn about types of cryptocurrencies, the trading techniques, and you can quickly learn about trading before you decide to invest.

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Tokenization Explained: Will Crypto Revolutionize the Entertainment Industry?

The entertainment industry is rife with profits, attracting industry giants like Amazon, Netflix, and other streaming services.

There are many opportunities for the use of cryptocurrency in industries with so much consumer demand, including the movie, video game, theatre, and music industries.

Cryptocurrency has revolutionized the video game industry by introducing NFT collectibles and rewards.

Tokenization Explained: Will Crypto Revolutionize the Entertainment Industry?: eAskme

 

In the online casino industry, cryptocurrency makes it easier to process payments with fast transactions and low fees.

Yet, although profits are visible in the entertainment industry, not many individuals are willing to invest in it.

While there are numerous reasons for this, a major reason boils down to transparency.

Hollywood, the music industry, and other realms of entertainment have a history of being vague with accounting.

Money in these industries seems to be going nowhere, and artists are not paid legal dues for their jobs. However, with the advent of cryptocurrency and the emergence of tokenization, all of this is about to change.

This article will explore tokenization and answer the question of whether it can revolutionize entertainment.

What Is Tokenization?

Tokenization involves transferring the rights of ownership of an asset to a digital form.

Simply put, it's the process of creating recognized digital ownership of a real-world asset, such as cars, houses, etc.

One of the most popular forms of tokenization today is Non-Fungible Tokens (NFTs).

Tokenization is also popular because it can split the ownership rights of an asset. This means that many people can jointly own an asset that cannot be split, such as houses, cars, etc.

While this might look like owning shares, it goes far beyond that.

The most significant difference between owning shares and tokenization is that tokenization doesn’t need an intermediary.

Since creating tokens happens on the blockchain, it doesn’t need the help of any banks or the government.

Another difference is the flexibility of tokenization, which isn’t limited to physical assets and funds. Abstract concepts like time can also be tokenized.

Tokenization is so broad that a popular saying is ‘anything can be tokenized.’

Will Tokenization Revolutionize the Entertainment Industry?

To understand whether tokenization will revolutionize the entertainment industry, you only need to consider its benefits.

If this innovation's benefits to the entertainment industry are worth it, it will change the industry.

Some of the apparent benefits of tokenization are outlined below:

Transparency:

For an industry where the money looks like it only flows between very few hands, tokenization will change all that.

Since tokens work with blockchain technology, you can expect transparency since a blockchain is a public ledger.

This means that you can see where the money goes. The blockchain will record if movie funds are used to prepare special effects.

The public will also be aware if part of the movie funds is used to finance adverts.

Video game developers can also get fans to fund a video game through tokens.

When this occurs, the transparency of the blockchain will make fans aware of what the developers are doing with their money.

They’ll be able to tell if their funds are being used judiciously or if they’re being wasted.

Fans Can Get Involved:

Many movie and video game franchises are dying today because fans are going away.

This could result in the producers moving in a different direction from the fan’s wishes.

It could also come from fans losing interest in the new movie or video game that’s been produced.

Either way, the franchise will die since the fans are no longer involved.

However, things are different when you tokenize a new movie or video game and get fans to purchase those tokens.

When this occurs, the fans want to know what’s going on with their investment.

Besides bringing the fans closer, it’s an opportunity to get them involved in the production process.

Yes, tokenization allows fans to finally have a say in how things will turn out.

So, you can say goodbye to movies or video games that end in ways that don’t make sense.

Investor Funds Can Easily Flow:

The movie industry is one that’s dominated by a few corporate entities.

These entities keep a monopoly on the industry, so no one else can have a share of the profits.

So, investors willing to ignore this industry's obscure fund usage couldn’t join even if they wanted to.

With tokenization, these investors can easily fund whatever movies they wish.

Instead of only a few major companies and studios getting the right to fund certain movies, anyone can do that.

Sometimes, great movie or video game ideas are shelved because the major companies or investors don’t want to invest in them.

This could be sequels to a game, a movie series, or even an entirely new movie or video game series.

In the end, these major companies are just after the money.

So, if there’s not much money to be gotten from a movie sequel or a new video game, the idea dies.

Whether the movie actors or video game developers are interested in it, the innovative idea would die without funds.

However, things can be different when fans are allowed to get involved. These movie or video game companies can sell their tokens, and the fans can happily invest in them.

This can allow many great movie or video game ideas to come to life.

Have There Been Any Movements Regarding Tokenisation?

Tokenization has many benefits, and many movie producers have seen this.

So, some of them have already begun investing in it.

One such individual is popular movie actor, producer, and director, Wesley Snipes. Snipes has partnered with Liechtenstein Cryptoassets Exchange (LCX) to tokenize a movie.

This tokenization fund is known as the Daywalker Movie Fund (DMF), worth $25 million.

The DMF will allow investors worldwide to invest in Wesley Snipes's production studio, Maadi House Studios. With this, investors can have a say in the movie's production.

Conclusion:

Tokenization is an idea that many investors and producers are looking forward to.

Its presence allows these individuals to circumvent the lack of financial transparency that plagues the entertainment industry.

It also lets fans get involved in producing their favorite movies and games.

So, if you’re wondering if tokenization can revolutionize the entertainment industry, then yes, it can.

Many people are looking forward to these changes already.

If you still have any question, feel free to ask me via comments.

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A Crypto Lover? Check Out These Crypto News And Predictions 2024

Regarding cryptocurrency news and predictions, speculations are rife about how the sector will grow over the next few years.

• Will crypto be a globally accepted payment method?
• Will blockchain technology get more integrated into daily life?

Suppose these are the questions that often pop up in your mind.

A Crypto Lover? Check Out These Crypto News And Predictions 2024: eAskme

In that case, you should check out the latest crypto news and predictions for 2024, which are listed below- If you are interested in crypto trading, you may consider checking out the newest news guides and strategies about crypto.

You can visit for more information.

Ripple Could Be the Next Facebook:

A top-10 cryptocurrency, Ripple (XRP), has already outperformed Ethereum by more than 10 times.

In 2017, Ripple’s price surged by 36,000 percent! And it’s not just a short-term pump. The XRP token shows long-term growth potential.

The average analyst price target of $2.28 per coin suggests that investors think Ripple is headed to $9 or even $10.

So, if you buy some XRP today, you could be sitting on a gold mine in as little as two years from now...and beyond!

Security Tokens Could Replace ICOs:

Security tokens – or digital tokens that represent equity in an underlying real-world asset – will replace ICOs as the standard fundraising method for blockchain startups.

As security tokens offer issuers more flexibility than utility tokens, they will become a safer alternative to speculative ICOs.

Big Businesses Are Starting to Use Cryptocurrencies:

Big businesses such as Amazon, Facebook, and Google are starting to see cryptocurrencies as an innovative way to get into payment technology.

As big businesses move into crypto, it will be harder for smaller companies to compete by staying on the sidelines.

This bodes well for crypto adoption because it’s hard to compete with Amazon.

Of course, there may also be drawbacks; if these big businesses force cryptocurrencies down customers’ throats at checkout without their knowledge, that could be a deterrent against using them more broadly in everyday life.

There will be More Regulation Around Cryptocurrencies in the Future:

We’re in the early days of blockchain technology, with most of it still to be developed.

There is a distinct possibility that blockchain will never grow to its full potential due to adoption difficulties or catastrophe.

But even if we assume a worst-case scenario (in which case you wouldn’t have invested in any crypto anyway), it’s reasonable to think that cryptocurrencies will at least become more prevalent over time.

If they do, it could fundamentally change money as we know it, leading central banks worldwide to issue their national digital currencies (or cryptocurrencies).

Cybersecurity Is a Major Concern in the Blockchain Industry:

Blockchain technology is now considered mature enough to be used in business solutions.

As companies begin to use blockchain, security becomes a big concern.

With all of that sensitive data in one place, it’s essential to ensure that no hackers can access it.

In 2024, blockchain will become even more valuable and widespread because developers will have figured out how to create effective security solutions using blockchain technology.

5G Mobile Technology Will Boost Blockchains:

The fifth generation of mobile networks (5G) is already being rolled out in major cities, but it will soon be running at full speed—and it’s expected to be a blockchain bull run. 5G is much faster than 4G technology, which most mobile providers use today.

This means that users will have less lag time when using distributed apps (DApps), and blockchains will become much more accessible.

Governments Will Start Using Blockchain Tech in 5–10 Years:

A study by Juniper Research predicts that blockchain adoption by governments will start in a few years, with over 15% of people believing it could take between 5–10 years to take off.

However, it also predicted that blockchain could save government bodies around $20 billion per year once adopted.

Conclusion:

Finally, when it comes to talking about crypto investment, no doubt, the market is full of uncertainties.

Moreover, the crypto-world is one of the uncertain boundaries, where every step taken can make you a millionaire or cost you thousands.

But with all these risks, why wouldn’t you take a chance?

In hindsight, your only regret would be not participating in such a lucrative financial investment opportunity.

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