5 Wild 2024 Investment Predictions You’ve Never Heard Before
Today we’re all about “out with the old and in with the new” with some predictions of what might be coming up in 2024. “Might” compliance calm down! Read on to find out. and of course, Happy New Year!
Here are the 2024 predictions you need in your life
The world of investing is full of uncertainty and potential for wild swings. But amidst the chaos, there are also some exciting opportunities for those willing to take a chance. To get you in the mood, here are 5 of our wildest investment predictions for 2024.
#1 Metaverse stocks will skyrocket!
Ah, the metaverse. A virtual world in which people can interact with each other and digital objects and basically live a second life. Neat, right? Well, not yet. This digital realm is still in its very early stages of development, but it has the potential to be a massive market worth trillions of dollars once it’s fully up and running. Its annual growth rate is predicted to be 36% until 2030. So, yeah…
As the metaverse grows, so too will the demand for companies that are developing the technology and infrastructure for it. This could lead to a huge boom in metaverse stocks in 2024.
If you want some pointers, check out the following:
● Roblox (RBLX): Roblox’s unique user-generated 3D experiences are driving the company’s growth, with its stock price up a whopping 64.17% since the beginning of 2023.
● Nvidia (NVDA): With a 205.6% YoY revenue jump to $18.12 billion, Nvidia is pulling away from the rest of the crowd.
#2 NFTs Will Go Mainstream
We did warn you that they were wild predictions! But hear us out…
NFTs, or non-fungible tokens, are digital assets that are unique and cannot be replaced. They’ve been used to sell everything from art and collectables to virtual real estate. But they’ve also had their fair share of bad press.
However, 2024 could be the year that NFTs mature and go mainstream, becoming a more widely accepted form of currency. One industry in which NFTs might take off is gaming — as video game companies have been diving into the Web3 space recently. NFTs would be the perfect vehicle to use as in-game currency.
Watch this non-fungible space.
#3 Crypto Will Explode
Crypto had a stonking 2023, with the entire industry’s market cap climbing $863 billion over the 12 months. You might call it a comeback year.
Crypto Market Capitalisation, 2023
Source: CoinMarketCap
The question is: will it continue? There’s no denying the popularity of Crypto. Many digital tokens offer genuine use cases and legitimately connect the real world to the digital realm.
However, the authorities still have a lack of common understanding of crypto and what to do with it, legally. This has led to confusion and is holding Crypto back from really entering into the mainstream.
In June 2023, the EU adopted a comprehensive and innovative regulatory framework on markets in crypto-assets (MiCA). It’s designed to regulate crypto-asset markets, however, it focuses mainly on so-called Stable Coins.
Should the authorities get their act together and, therefore, lend long-sought-after legitimacy to the Crypto market, it will likely rise like we’ve never seen before. And if this market is capable of increasing $868 billion in one year when it’s surrounded by scepticism, imagine what could happen when its fully-legit?
#4 Crypto Will Crash
Yep, the Contentworks office was divided on Crypto’s outlook for 2024, so we decided to throw both sides into the mix.
As mentioned above, the explosion of crypto is solely dependent on the authorities a) taking an action; and b) that being the right action — to regulate the market.
If that all goes south, Crypto’s image will continue to be overshadowed by scepticism and fear. That could lead to investors finally calling it a day and dumping their tokens leading to a total implosion of the market.
But let’s look on the bright side!
#5 Traditional Industries Will Continue to Be Disrupted
If there’s one thing we can guarantee about the world of finance that we all hold so dear, it’s that it’s constantly evolving. The traditional industries that have dominated the market for decades are increasingly being disrupted by new technologies and new ways of doing business.
In 2024, we can probably expect to see even more disruption from tools such as Artificial Intelligence. Although right now there is a shadow over the regulatory compliance of AI especially in the finance space. Issues like sourcing, copyright and compliance need to be ironed out.
What have you got for us?
What do you make of our little list? If you fancy having a go at making your own predictions for the new year, give us a shout over on X at @_contentworks.
Here at Contentworks we closely follow market movements and prep content that we think your traders would love to read. Let’s get you started right here.
Speak soon!
The Contentworks team
