Stunning 2024 trend predictions from the Asian financial giant

Xiao Feng, President of HashKey Group, put the rise of Ethereum (ETH) at the top of the list of crypto developments that will be trending in 2024.

2023 was a sensational year for the cryptocurrency market. Cryptocurrencies followed the bull torch lit by spot Bitcoin ETFs and made remarkable rises. In particular, the Solana blockchain has left its mark on 2023.

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With 2023 behind us, predictions for the new year have started to come. Xiao Feng, president of Hong Kong-based digital company HashKey Group, has listed the crypto trends he expects in the new year.

Feng, Chairman of HashKey Group, is hopeful for 2024

Believing that the crypto industry will take more steps in 2024, Feng made striking predictions for 2024.

Feng has identified 10 trends that will be talked about a lot and come to the fore in 2024. Feng placed the rise of Ethereum (ETH) at the top of his list of trends in 2024. According to Feng, Ethereum will be in an unbeatable position in the new year.

Feng used his second trend prediction in favor of layer-2 blockchains. According to Feng, layer-2 technology will develop further and reach sufficient maturity. Feng expects concrete steps to be taken in the use cases of layer-2 projects.

Third place on Feng's list was taken by cryptoeconomics. According to Feng, the crypto economy will take off and make a name for itself. Feng, the head of HashKey Group, said that Bitcoin will see ecological development in 2024 as the Lightning Network becomes more widely used as a potential payment method. According to Feng, Bitcoin payment methods will also be trending in the new year.

Feng's other developments on the 2024 trends list are as follows:

• We will see more AI and Web3 collaboration. Blockchain will be driven by artificial intelligence, which will bring more computing power and simplification of transactions to the forefront.
• Developer-oriented blockchain will come to the fore. Large blockchains will gain momentum as a result of competition from developers.
• The turbulent processes in the global economy will help to understand the logic of the rise in Bitcoin. Many will be aware of the marginal reasons for Bitcoin's rise.
• The global rise of digital nomads will come to the fore. Countries will put forward digital nomad visas in the global race for science and technology.
• DePIN will bring the real and virtual worlds together. DePIN will come to the fore, which will unify off-chain and on-chain elements, blurring the lines between real-world and virtual-world assets.