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One of the hosts of the Cheeky Crypto YouTube channel has argued that 2024 would be the year for alternative cryptocurrencies, pointing out Altcoin sectors that could net investors a 100-fold return on investment.
The presenter first recalled the 2023 frenzy in the AI crypto market, bringing many AI-based tokens to the spotlight. He argued that a resurgence of the significant bullish rallies will likely replay in 2024.
The foundation for the bullish forecast around the AI sector was the narrative that artificial intelligence is increasingly influencing people’s lives professionally and personally as it integrates into various services worldwide.
As a result, the YouTube presenter sees more crypto projects launching to capitalize on the AI momentum. He cited specific examples with SingularityNET (AGIX), a $367 million valued crypto that registered 12.52% over the past week. At the time of reporting, AI and big data command $25.96 billion of the global crypto market valuation.
Furthermore, the YouTuber mentioned that alongside the AI narrative, a resurgence in the metaverse gaming sector is anticipated. He highlighted that in 2021, after Facebook rebranded as Meta, numerous projects emerged, leveraging the metaverse as a buzzword to propel their endeavors forward.
However, much of the buzz around the metaverse fizzled out without substantial outcomes. Yet, the YouTuber noted that key projects are making significant strides in that space. He cited Cardano-based Cornucopias (COPI) as one of the projects that he finds particularly intriguing for 2024 in the metaverse sector.
Moreover, he noted that Cornucopias secured an AAA game rating. He anticipates significant growth for this project in 2024, especially considering the explosive growth of COPI in late 2023.
Notably, the analyst highlighted that older projects like Decentraland (MANA) and Sandbox (SAND) could make a significant impact when the metaverse frenzy reemerges. The last sector the analyst alluded to for potential gain in 2024 and 2025 was decentralized finance (DeFi).
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