5 Tips On How To Profit From Major Crypto Narratives In The Coming Bull Market

The crypto landscape has evolved way past its OGs, with a major shift in narrative for 2024. As CoinGecko’s Q2 report shows, it’s all about thematic investing now – think PolitiFi coins, meme coins, RWAs, AI coins, and DePIN coins. To really make the most of this wave and stay ahead, check out all the must-know details on top platforms, winning strategies, and pro tips to keep you ahead of the curve.

PolitiFi Coins 

The PolitiFi (Political Finance) coin category has been crushing it, skyrocketing by 782.4% from January 1 to August 25, 2024. These tokens are tightly tied to political happenings, with their values swinging based on the latest political buzz. As interest in US politics heats up among crypto enthusiasts, a bunch of PolitiFi tokens have popped up. 

While many are just for fun or satire, some like MAGA (TRUMP) are actually causing a stir by using transaction fees to support political projects and causes, funneling revenue straight into Donald Trump’s wallet and related charities.

PEOPLE is easily one of the most buzzed-about PolitiFi coins right now, launched by ConstitutionDAO in 2021 with a single goal – buy an original copy of the US Constitution. In just the past year, it’s skyrocketed by 544%. While it’s still not listed on many exchanges, ChangeNOW has stepped up, supporting PEOPLE across multiple blockchains.

Meme Coins 

Meme coins took over in Q2 2024, grabbing a solid 14.3% of the market share. In fact, 4 of the top 15 hottest crypto narratives were all meme-coin-driven. Big names like PEPE, PEW, WIF, BONK, and BRETT led the charge. 

When it comes to trading those quirky meme coins, platforms like Bitpanda and KuCoin have got you covered, but bigger exchange listings are still scarce – except for ChangeNOW (again), which has got a full-blown meme coin extravaganza going on! Offering a smorgasbord of meme coins, from the popular ones to lesser-known gems like SNEK, ChangeNOW is the ultimate playground for meme coin enthusiasts.

RWAs

In 2024, Real World Asset (RWA) tokens are gaining serious traction, bringing everything from real estate and art to stocks and bonds onto the blockchain as digital tokens. Real-world asset tokenization is expected to hit a whopping $16 trillion industry by 2030, around 10% of global GDP. 

Currently, there are already 157 RWA tokens out there, with ONDO, OM, and PENDLE stirring up most interest. And if you’re curious where to swap these gems, platforms like Nexo and CEX.IO have got you covered, but ChangeNOW takes center stage with its seamless cross-chain capabilities.

AI Coins

AI tokens take the bulletproof security of blockchain tech and blend it with AI’s brainpower to deal with all sorts of stuff, from sniffing out fraud to cutting costs. Plus, they make managing data and dreaming up awesome tech a breeze, all while keeping things crystal clear and super reliable.

Some of the hottest AI tokens, GRT, ICP, FET, TAO, and RENDER are up for grabs on platforms like Coinbase, Kraken, Bitpanda, ChangeNOW, and Gemini, just to name a few.

DePIN Coins

Some say crypto’s all about things you can’t see or real-world impact, but that’s where DePIN coins (Decentralized Physical Infrastructure Networks) come in. They solve real issues like the internet, cloud storage, video streaming, and selling excess bandwidth. FIL, HNT, and THETA are leading the charge, and you can find the most DePIN coins on ChangeNOW, SwissBorg, and Crypto.com.

Profiting From Major Crypto Narratives

Now that you’re clued in on the hottest crypto categories, the real question is – how do you actually capitalize on these trends and spot the best opportunities before they blow up? Well, you’re in the right place.

Stay Agile With Market Sentiment

Meme and PolitiFi coins often ride the waves of social media buzz and political events, so it’s crucial to stay tuned into the latest trends and conversations. Keeping an eye on key voices and active crypto communities on platforms like Twitter and Reddit can help you catch shifts in sentiment early. Since these trends can change rapidly, being flexible and ready to adjust your strategy is essential. And while the excitement of quick gains can be tempting, make sure you have a solid exit plan to avoid the pitfalls of chasing fleeting hype.

Understand the Culture 

To really make the most of categories like meme coins, RWA tokens, and DePIN, it helps to understand the culture driving them. Meme coins, for example, often gain value from humor and viral moments, while RWA and DePIN are rooted in solving real-world problems. The backstory and ethos behind these tokens can reveal why they’re trending and which ones are likely to succeed. Knowing what makes them culturally or practically relevant gives you an edge in spotting potential winners early on.

Strike While the Iron Is Hot

As with everything in life, timing is crucial in the crypto game, too. Keep an eye on key events like political announcements, tech updates, or market trends that can drive sudden price changes. For instance, the value of PolitiFi coins often hinges on political events such as debates, elections, or major policy announcements. Watch the calendar for these key moments and be prepared to act when market interest peaks.

Watch Exchange Listings 

Watching where new tokens get listed first is key, especially with newer crypto categories that aren’t on every exchange yet. Platforms like ChangeNOW or Swissborg tend to get them first, giving you a chance to grab them before they’re more widely available. Getting in early can really make a difference as demand grows and prices move. So, it’s worth keeping an eye on these platforms if you’re looking for an edge, since, when something new pops up, you’ll be ready to act.

Monitor Regulatory Movements

Regulatory changes can impact RWAs and PolitiFi coins by potentially affecting their legal status, liquidity, and market accessibility. For example, changes in tax regulations could affect the cost of holding or trading these assets, while changes in security or fraud regulations could impact their security and trustworthiness. If you’re quick to adapt when new rules drop, you might unlock fresh investment opportunities or take advantage of special token benefits that others miss. 

Why ChangeNOW Is the Go-To Exchange for New and Trending Token Categories

To wrap it up, new tokens and categories usually take a bit of time to hit exchanges. And since catching the right moment is key if you’re looking to cash in on crypto, you need a platform that’s quick to jump on trends – like ChangeNOW.

This non-custodial, KYC-free crypto swap service offers quite an extensive selection of over 1,000 tokens and more than 1,000,000 pairs and easily integrates with other well-known platforms like Guarda Wallet and Trezor.

When using ChangeNOW, you’ll get to experience a cool feature called cross-chain swapping, which allows for token exchanges across several blockchains, such as BSC and OP, to name a few. On top of that, they’ve got helpful support, pretty speedy transactions, with an average exchange time of just 5 minutes, and a permanent exchange feature for automated swaps, all of which is very handy when you need to act fast in a buzzing market.

ChangeNOW doesn’t require registration, however, everyone can sign up for its Pro version, which includes a free plan and unlocks even more benefits like a special cashback program, reduced fees, crypto loans, and AML address checks. The exchange also goes the extra mile when it comes to products, including a user-friendly NOW Wallet, Web3 development tool NOW Nodes, an investment tracker, NOW Tracker, a convenient business storage solution, NOW Custody, and many more.

Summary

As trends like PolitiFi, meme coins, RWA, and DePIN coins start to gain traction, keeping a step ahead is essential. They might take a bit to hit the mainstream, but when they do, they can shake things up – big time. 

ChangeNOW could be a good platform to use for catching these new trends early; they’re always updating their listings to keep you on top of the latest and greatest in the crypto world. So, if you’re looking to dive into the next big thing, ChangeNOW is where it’s at.

Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

Source: https://thecryptobasic.com/2024/09/15/5-tips-on-how-to-profit-from-major-crypto-narratives-in-the-coming-bull-market/?utm_source=rss&utm_medium=rss&utm_campaign=5-tips-on-how-to-profit-from-major-crypto-narratives-in-the-coming-bull-market