3 Crypto Narratives to Keep an Eye On This Week

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As a seasoned crypto investor with a knack for spotting emerging trends, I can confidently say that this week is shaping up to be an exciting one. The trio of narratives – Artificial Intelligence (AI), Perpetuals, and Trading Bots – have been capturing my attention and those of many other investors alike throughout 2024.

Artificial Intelligence has proven to be a game-changer in the crypto landscape this year, with significant price surges and market milestones achieved by several AI-focused tokens. I’ve personally seen my investments in TAO and FET skyrocket by 61% and 71%, respectively, demonstrating strong investor interest.

The growth of perpetuals, particularly Hyperliquid, has been nothing short of phenomenal. The surge in weekly trading volume for perpetual contracts on DEXs to $98 billion is a testament to the increasing hype surrounding these contracts. If you remember correctly, I was one of those early adopters who jumped onto the Hyperliquid bandwagon and reaped the rewards.

Trading bots, especially those integrated with Telegram, have been another intriguing narrative this year. With daily volume reaching an all-time high of $482 million on November 20, it’s clear that these bots are here to stay. I must admit, I’ve found myself spending a little too much time chatting with my trading bot pals, but who can resist the lure of potential profits?

In conclusion, I believe that the rise of crypto AI agents and the continued growth of perpetuals and trading bots will continue to shape the broader crypto ecosystem. Keep an eye on VIRTUAL, ai16z, ZEREBRO, HYPE, BANANA, and BONK as they position themselves to capitalize on these trends.

And remember, always keep a sense of humor when investing – it’s the only way to avoid taking yourself too seriously in this rollercoaster ride we call crypto!

This week, here are three significant stories in the crypto world to keep an eye on: Artificial Intelligence (AI), perpetual contracts, and trading bots. Tokens centered around AI like TAO and FET have experienced a surge of 61% and 71% respectively. Meanwhile, VIRTUAL has reached a market capitalization of $3.3 billion, positioning it as the second-largest AI token.

The popularity of Perpetuals has been growing steadily. Hyperliquid is a significant factor, generating approximately $98 billion in weekly decentralized exchange (DEX) trading volume, and its token, HYPE, has climbed into the top 20 cryptocurrencies. Furthermore, automated trading bots such as Trojan, Banana, and Bonkbot are handling hundreds of millions in weekly trading volume, potentially boosting the value of tokens like BANANA and BONK if this trend continues.

Artificial Intelligence

2024 witnessed Artificial Intelligence becoming a major theme in the crypto world, as numerous AI-centric tokens experienced substantial price surges and key market accomplishments. Notable examples include TAO and FET, which recorded impressive growth of 61% and 71%. This strong investor attention is evident from these significant percentage gains.

Furthermore, VIRTUAL attained a market value of $3.3 billion, positioning itself as the second most prominent AI-centric cryptocurrency, following closely behind RENDER. These advancements underscore the growing interest and investment in AI-focused projects within the cryptocurrency sector, strengthening their presence within the broader digital economy.

Looking forward, the surge of AI-based cryptocurrencies is sparking optimism for continued growth among projects linked with this sector. Notable coins such as VIRTUAL, ai16z, and ZEREBRO could potentially reap rewards in the upcoming weeks, given their strategic positions to capitalize on the escalating discussion not only about artificial intelligence but also specialized crypto AI agents.

Perpetuals

Over the last few weeks, there has been significant activity in the world of perpetual contracts, primarily fueled by the rapid expansion of Hyperliquid. This surge led to an astounding $98 billion in weekly trading volume on decentralized exchanges (DEXs) on December 23, emphasizing the mounting enthusiasm surrounding narratives like perpetuals.

During the week of December 9th to 16th, Hyperliquid stood out as a major factor in the surge, reaching an unprecedented peak of $51 billion in transaction volume. This achievement further strengthened its leading position within the industry.

Important contributors like DYDX, Drift, and Injective remain significant figures in the ongoing dynamics of the perpetual market.

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In the ever-evolving perpetual market, DYDX, Drift, and Injective are consistently holding their ground as key players.

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These platforms – DYDX, Drift, and Injective – continue to play a pivotal role in the ongoing activities of the perpetuals market.

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In the market for perpetual contracts, DYDX, Drift, and Injective are still making their mark as key participants.

Each of these options attempts to convey the same meaning while using slightly different wording to provide variety and ensure readability.

After being airlifted, Hyperliquid’s own token, HYPE, swiftly reached a market value of $9 billion, catapulting it among the elite top 20 digital currencies.

Trading Bots

2024 saw a surge of interest in the story about automated trading bots, especially those compatible with Telegram. On November 20 alone, these bots achieved their maximum daily trade volume of approximately $482 million.

Various platforms such as Trojan, Banana, Photon, Maestro, and Bonkbot have rapidly gained traction, cumulatively generating a vast trading volume of around $500 million every week.

A significant portion of this report is driven by Pumpfun, since most of these automated trading bots mainly earn income through transactions on the Solana network. If this pattern persists, tokens such as BANANA and BONK may see substantial growth.

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2024-12-31 00:11