AI, GameFi, Meme Coins to Control 2024: 15 Altcoins to Watch

In the year The cryptocurrency market in 2023 is dominated by three key narratives. These include artificial intelligence (AI), GameFi, and meme coins. This trio has set the stage for altcoins to emerge in 2024 with high investor interest.

While it is important to understand the potential drivers of the crypto market this year, it is also important to highlight 15 altcoins that could make waves in the industry.

AI tokens are leading the way.

The most interesting narrative of 2023 was AI, with an 11.3% share in demand for crypto narratives, according to CoinGecko. The rise of AI has been fueled in part by technological advances, particularly since the launch of OpenAi ChatGPT in November 2022.

Akash Network (AKT) and Render (RNDR) were among the frontrunners. In fact, AKT's value increased by 1,170 percent in 2023, while RNDR's market value increased by more than 1,000 percent.

Read more: These are the top Altcoins for 2024 according to experts

The strong return of GameFi

GameFi, representing 10.5% of the demand, made an impressive comeback in 2023. This resurgence has been driven by major video game companies, including Take-Two Interactive, Nexon, Bandai Namco, Konami Holdings, Krafton, Square Enix and Ubisoft, entering the blockchain game arena and significant developments in blockchain projects.

ImmutableX (IMX) and Ronin (RON) stood out in 2023, with IMX rising nearly 480% and RON enjoying a 580% bull rally.

Read More: 7 Must-Have Cryptocurrencies for Your Portfolio Before the Next Bull Run

The meme coin event

With an 8.3% share, meme coins were the third most popular narrative. In the year 2023 saw an extended meme coin season, with coins like Pepe (PEPE) and Bonk (BONK) making huge gains.

BONK, in particular, has seen a massive 3,170% increase in value since its inception in February 2023 through mid-December. Alongside these, Dogecoin (DOGE) and Shiba Inu (SHIB) remain prominent players in the meme coin sector.

Read more: What will happen to Dogecoin, Shiba Inu and BONK in 2024?

Emerging Blockchain Ecosystems

Beyond these narratives, the Solana ecosystem, BRC-20 tokens, and the Ethereum ecosystem have garnered significant attention. Solana has seen a 945% increase in token value after recovering from its “dead chain” tag. In place of BRC-20, ORDI has emerged as a popular token.

These ecosystems have a growing interest in various blockchain technologies and their applications.

Looking ahead: Altcoins to watch in 2024

Based on 2023 trends, the following altcoins should see market cap growth in 2024:

AI tokens: Akash Network (AKT), Render (RNDR), Bittensor (TAO), Fetch.ai (FET), CorgiAI (CORGIAI). GameFi Tokens: Internet Computer (ICP), Immutable (IMX), Sandbox (SAND), Axie Infinity (AXS), GALA (GALA). Meme Coins: Dogecoin (DOGE), Shiba Inu (SHIB), Bonk (BONK), Pepe (PEPE), Floki Inu (FLOKI).

The crypto market is dynamic, making it important for investors to stay abreast of the latest trends and narratives. The altcoins listed above are bullish in 2023, likely to lead the market in 2024.

“If you want to be a good crypto investor, the key is to understand that narratives are being driven properly… it's all about narratives. It's just about picking coins in the narrative. This is the difference between making money in crypto and making life-changing money. That's the only difference,” explained Ran Nunner, founder of Crypto Banter.

However, investors should conduct thorough research before making an investment decision. As the crypto industry continues to evolve, these narratives and tokens offer a glimpse of what could shape the market in the coming year.