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| By Beth Canova |
Wow! Barely a week into the new year and investor anticipation is reaching new heights. While people all over the world slowly settle back into their regular routines, crypto enthusiasts haven’t missed a beat.
As we’ve said, 2024 is shaping up to be an exciting year. And our first week of Weiss Crypto Daily articles are proof.
Watch Out for Pig Butchering Scams with 2 Key Steps
Right off the bat, Marija Matić wrote on New Year’s Day to bring awareness to a rising threat: pig butchering scams. These combine the elements of a romance scam and crypto, where online Casanovas convince unsuspecting people to invest in crypto, only to realize the “special platform” they were using was part of a scam. Marija breaks down all the warning signs and two major steps you can take to protect yourself.
But even scams like this, which often see an uptick during the holidays, haven’t dampened the optimistic sentiment in the sector. And sure, a lot of that is due to the big bull run we anticipate will hit later this year.
Expect Rising Liquidity to Lift Crypto in 2024
As Juan explains, there are three major events set to converge in early 2024 that will likely shoot Bitcoin as high as $140,000 or possibly even higher. And he expects select altcoins to outperform. In this issue, he breaks down one of those three events, which on its own could potentially represent a once-in-a-lifetime opportunity.
Then, next Tuesday, Jan. 9 at 2 p.m. Eastern, he plans on explaining the other two events and revealing the names of the three altcoins he thinks have the biggest profit potential in his Crypto Convergence briefing. We still have some seats available, but you’ll need to sign up now to save your spot.
Ethereum Will Be the Belle of This Bull Market Ball
While all eyes are on Bitcoin, Ethereum has been sitting in the shadows. But that’s likely to end soon, according to Juan. Indeed, he believes that once the Bitcoin spot ETF is approved, investors will be looking for what’s next. And since BlackRock (BLK) and other TradFi firms have already submitted Ethereum spot ETF applications, it’s looking more like ETH will experience the same speculation-fueled price frenzy that Bitcoin saw at the end of 2023.
But the excitement from crypto enthusiasts isn’t just for the potentially impressive price action.
That’s because it’s not just price that goes up in a bull market. The technology that serves as the backbone for the cryptocurrency market is expected to see big boosts as well.
And in this bull market, many investors have their eyes on the intersection of crypto and AI.
AI Makes Smart Contracts Even Smarter
According to Statista, the AI market will grow at a compound annual growth rate of 17.3%, from $242 billion in 2023 to $585 billion by 2028. But that’s for TradFi companies. Dr. Bruce Ng believes that crypto AI growth will surpass traditional AI by a large margin. That’s because the AI technology we’re seeing is already starting to compensate for some of DeFi’s biggest detriments by improving the key component that enables all things DeFi: smart contracts.
3 AI Projects Pushing the Crypto Frontier
Not all platforms plan on utilizing AI in the same way, however. That’s why in this article, Jurica Dujmovic looks into three popular crypto AI platforms to discover how each is pushing the boundaries of this new technology to improve functionality and opportunity on the blockchain.
That’s all for this week. Be sure to save your seat for Juan’s Crypto Convergence briefing, and we’ll be back tomorrow with even more crypto news.
Best,
Beth Canova
Crypto Managing Editor
