Altcoin Buzz Analyst pointed out that narratives are important in the cryptocurrency space, especially when some assets like Bitcoin and Solana are rising while others aren't moving much. Stories are important clues about what people think about the market.
The analyst explained the importance of narratives in four favorite cryptocurrency sectors: AI (artificial intelligence), gaming, real-world assets (RWA), and decentralized private networks (DPIN).
Growth of AI and gaming sectors in crypto market
Starting with AI, an industry currently valued at $24 billion in the crypto market, he talked about its potential for future growth. Projects such as Aave and Render have been touted as promising contenders within the AI narrative.
Moving to the gaming sector, the analyst noted its growing integration with blockchain technology and highlighted the potential for significant growth in gaming tokens.
From real-world assets to decentralized networks
Real-world assets (RWA) have also been cited as a narrative gaining traction, with projects like Terra and Mirror Protocol recognized for their innovative approaches to tokenizing real-world assets.
Speaking about Centrifuge, he said that the coin stands out because it offers real asset funds that you can invest in right now. For example, one pool manages the purchase of US Treasuries and another facilitates US real estate bridge loans.
Additionally, the analyst discussed the importance of decentralized private networks (DPIN), highlighting the growing demand for privacy-focused solutions. Projects such as Secret Network and Orchid Protocol have been highlighted as notable players in this narrative, providing users with enhanced privacy and security features.
He said his pick in this category was Arweave, a leader in decentralized file storage and other Web3 infrastructure. Arweave's performance has been slightly better than stable, with a slight increase over the past 30 days. The analyst mentioned that his second pick, which concludes his picks for the day, is Hive Mapper. This platform can be compared to Web3 Google Maps and works on the Solana network.