Opinion | What unique advantages will the crypto industry projects have in 2024?

Crypto KOL Aylo compiled projects to watch for in 2024, besides Bitcoin and Ethereum, which projects are worth looking forward to and have been in long-term development? Aylo points out that Solana, Celestia, ChainLink, Avax, and others have accumulated unique advantages.

This article is not investment advice.

This article is compiled and if in doubt, please refer to the original text.

Solana: Accumulating Strength for Breakthroughs

Solana seems to be following the strategy of the previous market cycle of ETH, attracting market attention with innovative on-chain applications paired with airdrops. Solana's current DEX and NFT trading volumes have surpassed those of Ethereum, and this trend does not seem to be slowing down anytime soon.

SOL has recovered from below $20 to a three-digit price in 2023, a speed that is truly astonishing. Aylo believes that Solana's price could reach $250 to $300 by the end of next year, setting new highs. Possible catalysts include:

• More airdrops: including JUP, TENSOR, MRGN, KMNO, MET.
• Firedancer: A new client based on C/C++ to solidify industry infrastructure.
• DePin: Helium Mobile launching $20 5G unlimited mobile network services in the U.S.
• NFTs: Blue-chip NFTs emerging, with trading volume potentially surpassing Ethereum.
• Continued growth in DeFi trading volume and TVL driving the growth flywheel.
• Shitcoin trading will continue to be active on Solana.
• Priority Fees: Solana's introduction of priority fee sorting mechanism, economic debates will gradually disappear.
• FTX: FTX bankruptcy resolution and subsequent solutions becoming clearer.

Additionally, Aylo speculates that Solana may experience another crash in 2024, which could be a good buying opportunity.

Institutional analysis of Solana's four technical developments: SOL ecosystem has indeed improved

Decentralized network Helium Mobile launches $5G unlimited plan in the U.S., cheaper than Chunghwa Telecom

Celestia: Winner in Rollups Competition

Celestia is a Data Availability project DA, providing decentralized storage space to further reduce the costs of Rollups operations.

As the Layer2 ecosystem becomes richer, and more Layer2 projects join the competition, ordinary participants often find it difficult to determine which tokens to buy. Celestia, as the data availability layer for most projects, will be a simple choice as most Rollups will eventually adopt it to enhance competitiveness.

Celestia Mainnet Launch｜Opportunities and Challenges of Modular Blockchain Future

On the other hand, staking TIA may have the opportunity to receive airdrops from other projects, and the team-locked TIA tokens cannot be unlocked until the end of 2024, making the token a more attractive asset.

Chainlink: Traditional Banks Driving CCIP

A good narrative for LINK tokens in 2024 is that large traditional financial institutions will connect with the blockchain world using CCIP. The CCIP protocol aims to be a communication protocol between different networks, including Ethereum, Optimism, Polygon, and Avalanche.

Chainlink's 2022 ecosystem development, introducing staking features, CCIP communication standards, and smart contract ecosystems

In addition to the on-chain ecosystem and applications, representatives from traditional financial centers like the global banking telecommunications association SWIFT are also attempting to collaborate with CCIP, experimenting with bank transfers in a blockchain environment.

Connecting Digital Islands, SWIFT Leading the Way to Link Financial Institutions and CBDC Platforms

The liquidity in traditional finance is incomparable to the existing crypto industry, and this liquidity will naturally drive prices up, as well as the demand for LINK tokens.

However, the challenge is not knowing when all this will begin, as actions by banks are often slow.

Competitive Chains: Subverting Market Imagination

Competitive Layer1 chains seem to never disappear. As the industry is still in the early stages of blockchain technology, speculations about "future projects that may disrupt existing market landscapes" are reasonable. Aylo believes that many Layer1 chains may make a comeback this year, including Avax, Injective, Sei, and Kujira, all of which have unique advantages.

Parallel EVM is expected to be a very compelling narrative in 2024, and Sei is rapidly developing in this field.

Layer1 Introduction｜Understanding the Highlights of Sei Network v2 in Plain Language

This article is not investment advice