The bear markets are here again and you are wrecking your brain on what crypto coins to invest in because you smell a bull run soon.
You are undecided because of FOMO and you do not have enough time to do online research, you want to but your schedule, day job and what have you. You need to be a mom, dad, student, all at the same time while working.
Well, here is a list of top 6 cryptocurrency narratives to watch out in the crypto space. This will help you invest wisely.
TL;DR
Privacy / ZK
Real Yield
Value Accrual Tokenomics
Banking infrastructure / FX
Music NFTs
Historical NFTs
1. Privacy / ZK Roll-ups
What are Zk Rollups? You keep hearing of ZkSync launching this buy you have no idea. Well, ZK stands for Zero- Knowledge. It is a proof that allows a party to prove it has knowledge on a certain information without sharing the information.
According to Investopedia,
"...Zk-SNARK is an acronym that stands for “Zero-Knowledge Succinct Non-Interactive Argument of Knowledge.” A zk-SNARK is a cryptographic proof that allows one party to prove it possesses certain information without revealing that information..."
ZK solves two big problems, privacy and scalability. These two subnarratives are common in the DeFi space and drawing attention towards ZK. A further issue in the Tornado Cash DeFi platform is highlighting the need for privacy in DeFi more than ever.
Here is a top watchlist for ZK .
@zcash
@monero
@MinaProtocol
@SecretNetwork
@OasisProtocol
@CeloOrg
2. Real Yield
Real Yield is the most popular narrative in DeFi right now. Here is the full article sharing on Real Yield and the top 10 popular DeFi real yield projects.
3. Value Accrual Tokenomics: Deflation / Token Burns / Proof of Stake
Tokens using deflation, token burn and proof of stake are a new narrative in the DeFi space. Tokens employing this method like Ethereum will become a big hit.
Tokens with value accrual include:
@ethereum
@binance Coin $BNB
@avalancheavax
@solana
@FTX_Official Token $FTT
4. Banking infrastructure / FX
Cash flow in the fiat system is slow, outdated and inefficient. Cryptocurrency is faster and more scalable. However, it is difficult to determine because the forex market at now is worth $2,409,000,000 ($2.409 quadrillion), with $6.6 trillion trades on average every day.
The Top Banking Solutions for Cryptocurrency:
@nano
@Algorand
@quant_network
@Ripple $XRP
@StellarOrg
5. Music NFTs
99% of people spend time listening to music. There is a large market for visual NFTs but not yet music NFTs.
Top 5 Music NFTs:
@DiskoKittiez
@soundxyz_
@LonelyListeners
@AudiusProject
@Cooopahtroopa
6. Historical NFTs
As the name states, historical NFTs are a reflection of history. The NFTs capture history through art. The NFTs are therefore of high value.
Advantages of Historical NFTs over Real World Art
Permanent Storage
Not replicable/cannot be copied to a fake.
Enables to determine actual age of art pieces, i.e., the oldest piece of art.
Here is the list for promising Historical NFTs
@v1punks
CryptoPunks
@Crypto_Skulls
Rare Pepes
@cryptotts
@mooncatrescue
Curio Cards
Fidenza (Gen Art Blue Chip)
Chromie Squiggles (Gen Art Blue Chip)
Ar
e There Cryptocurrency Narratives That Will Underperform in 2022?
What is your favorite narrative? What are you getting invested in? Do you think some narratives will underperform in 2022? Is the Metaverse dead?
Info Credits: ForrestOXStacker
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