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- The Next Crypto Sectors Set to Skyrocket - Part One
The Next Crypto Sectors Set to Skyrocket - Part One
A two part series. Today's LP highlights the first sector to watch.
Jonathan Morgan
October 17, 2024
OVERVIEW
The Next Crypto Sectors Set to Skyrocket - Part One
Before we dive in, here’s today’s crypto market heatmap:
Source: Santiment
And here’s a look at crypto’s total and altcoin market cap YTD:
Source: TradingView
*If you’re a business and want to access this data via our API, email us.
ON-CHAIN ANALYSIS
The Next Crypto Sectors To Boom? Hint: Not Memecoins 🕹️
It’s not 2017 anymore - the insanity of ICO’s isn’t happening again.
DeFi? Not yet. It’s still finding its feet and taking its sweet ass time, shaking out all the stupid and predatory ‘guaranteed’ returns and unsustainable rates.
And the memecoin market has been saturated so much that your odds of winning the Powerball are 18x greater than you making anything back on a memecoin. 🤦♂️
Hell, during Pump.fun’s phase earlier this year, there were so many memecoins being created every minute that the site should have had the epilepsy warning you see in any video game loading screen:
a small percentage of people may experience seizures or blackouts when exposed to certain light patterns or flashing lights in video games a whole bunch of random shitcoins spamming your browser.
So, what is one part of the crypto market that will make people ask wen moon?
Read on, dear reader. 📑