The best crypto trends for the next bull run: GameFi, Memecoins, Layer2
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The best crypto trends for the next bull run: GameFi, Memecoins, Layer2
The next cryptocurrency bull market may be influenced by three major trends: GameFi, Meme coins, and Layer 2 tokens.
Navigating Web3 tides with focused insightsAuthor: Adrian Barkley
Translation: Baicai Blockchain
Since the birth of the crypto market, it has been a breeding ground for innovation, with new applications, platforms, and trends emerging constantly. In such a dynamic environment where developments unfold daily, staying vigilant is crucial—including upcoming events like the U.S. election in November, which could be pivotal for cryptocurrency legislation.
Three key trends poised to lead the next bull run are GameFi, meme coins, and Layer 2 tokens. Each offers unique opportunities and significant return potential. In this guide, we’ll explore these trends in depth, provide insightful analysis, and recommend some of the most promising tokens across each category.
With growing optimism in the 2024 crypto market, it’s no surprise that new trends continue to emerge. Below, we’ll discuss the three trends you must watch in the coming months—GameFi, memecoins, and Layer 2.
1. GameFi – The Fusion of Gaming and Decentralized Finance
GameFi, short for Game Finance, merges gaming with decentralized finance (DeFi) to create in-game economies. It introduces the concept of "play-to-earn" (P2E), where players earn rewards such as digital assets and rare items through gameplay. Players can also earn cryptocurrencies and NFTs (non-fungible tokens) by playing blockchain-based games.
The play-to-earn trend has gained massive popularity due to its ability to let players monetize their skills and time. GameFi combines the engaging elements of traditional gaming—such as immersive mechanics and graphics—with blockchain technology, enabling true ownership of in-game assets. The success of games like Axie Infinity and The Sandbox significantly boosted this trend in 2024, offering not only more engaging experiences but also attracting investors drawn to its high-return potential.
Looking ahead, the global video game market is projected to reach $665 billion by 2033, while the P2E category on CoinMarketCap already boasts a market cap exceeding $13 billion. GameFi represents a major evolution in the gaming industry.
If you’re looking to get involved, here are some of the best GameFi tokens you can buy right now:
1) The Meme Games – A Rapidly Growing Olympic-Themed Meme Coin
One of the top GameFi tokens to consider is The Meme Games. This trending new meme coin, themed around the 2024 Summer Olympics, has strong upside potential and offers a unique way to reward early investors participating in its presale.
To date, the presale has raised over $340,000, signaling growing investor interest. $MGMES tokens are currently priced at $0.0092 each, and early investors can purchase them directly via the official presale website.
The Meme Games is a groundbreaking GameFi project combining meme culture with competitive gaming elements. Additionally, investors can stake their tokens during the presale to earn an annual percentage yield (APY) exceeding 600%. These features, along with other platform innovations, have led analysts to raise their expectations for MGMES token performance.
In summary, if you're aiming to capitalize on the GameFi trend before the next bull run, The Meme Games token is one of the best options available. The presale will continue until the end of the 2024 Paralympics on September 10, after which $MGMES will launch on decentralized exchanges (DEXs). For more information, visit The Meme Games official website.
2) PlayDoge – The Premier P2E Companion to Dogecoin
Another GameFi token worth considering for the next bull run is PlayDoge, a unique cryptocurrency positioned as one of the most promising digital assets of 2024.
Essentially, PlayDoge is a revolutionary project that combines the popular Doge meme with a play-to-earn (P2E) mobile game, allowing users to earn $PLAY tokens while caring for a virtual pet-style dog. In other words, it's a fun, vibrant P2E game where players control a dog character. Its playful design and low entry barrier have made it highly popular among casual gamers and crypto enthusiasts alike.
While several GameFi tokens have benefited from the rising GameFi trend over the past month, the PlayDoge project aims to replicate similar success this summer, with plans to list its token on centralized exchanges soon. With its presale already raising over $5.9 million and $PLAY tokens offered at a discounted rate of $0.00527 each, PlayDoge is well-positioned to ride the wave. Crypto investors and analysts hold high hopes for $PLAY, with some predicting it could become the next 10x token.
Another advantage of this token is that PLAY stakers can earn up to 70% APY in rewards simply by properly caring for their PlayDoge.
Investors interested in joining the GameFi trend through this token can visit the official presale website and follow PlayDoge on X.
3) Shiba Shootout – The Wild West Frontier of Crypto
Next on our list is Shiba Shootout ($SHIBASHOOT), another recommended token to gain exposure to the GameFi trend. Shiba Shootout is set to launch its exclusive P2E game, *Shiba Sharpshooter*, soon available on both Android and iOS platforms.
This GameFi platform delivers an action-packed gaming experience, allowing players to earn SHIBA tokens by joining the community and playing the game. It features multiple combat modes and enables players to upgrade characters using NFTs. Its engaging gameplay and rewarding ecosystem have attracted a large player base, making it a GameFi project to watch.
Beyond its core features, SHIBASHOOT offers a referral program, a Community Story Season event (where the best stories win token rewards), and a lottery system where token holders can win substantial crypto prizes.
Additionally, to boost excitement, investors can earn generous returns by purchasing and staking $SHIBASHOOT tokens. Stakers in the Cactus Staking Pool can achieve an APY as high as 1000%. At the time of writing, the presale has raised over $880,000, with each SHIBASHOOT token priced at just $0.0198.
Overall, this cryptocurrency is ideal for investors seeking a unique mobile crypto gaming experience and those looking to participate in the GameFi trend.
For more information, follow Shiba Shootout on X or join its Telegram channel.
2. Memecoins – Cryptocurrencies Inspired by Internet Memes
Another major crypto trend is memecoins—cryptocurrencies born from internet memes or viral online phenomena. Unlike traditional cryptocurrencies, memecoins often lack specific use cases or technological innovation, deriving value primarily from their communities and social media influence. Despite their humorous nature, memecoins like Dogecoin and Shiba Inu have achieved significant market value and popularity this year.
The appeal of memecoins lies in their community-driven approach and the potential for massive returns through viral growth. This makes them highly speculative investments—and explains why they dominated the first half of the year, positioning them as one of the top crypto trends to watch ahead of the next bull run. Typically, when the broader crypto market rallies, memecoins gain attention.
To participate in the memecoin trend, identifying the most disruptive coins on the market is key. Here are some of the most promising ones currently developing:
1) Base Dawgz – A Dynamic Dog-Themed Memecoin
Base Dawgz ($DAWGZ) is a newly launched dog-themed memecoin built on the Base blockchain, supporting multi-chain compatibility with Ethereum, Solana, BNB Chain, and Avalanche networks. As Base-based meme tokens gain traction in a market exceeding $2 billion, and dog-themed coins dominate the meme space, Base Dawgz holds strong growth potential for the next bull cycle.
Despite being in the presale phase, Base Dawgz stands out as one of the most promising meme projects due to its multi-chain interoperability, staking rewards, and unique airdrop incentives. Technologically, it leverages Web3 tools like Wormhole and Portal Bridge, enabling seamless navigation across multiple blockchains—even though its native chain is Base.
Currently, there’s also an ongoing referral-based airdrop campaign, where users earn points by inviting others to the presale. These points can later be redeemed for DAWGZ tokens upon launch.
Another reason Base Dawgz is gaining analyst attention is its high-yield potential. The project runs a “social airdrop” campaign, rewarding users who create and share memes about Base Dawgz on X. Each piece of content earns points redeemable for DAWGZ tokens. Additionally, stakers enjoy over 900% APY—a compelling incentive for long-term holding.
To date, the Base Dawgz presale has raised over $2.8 million, making it one of the most successful launches of the year. Each DAWGZ token is priced at $0.007414—an almost 50% increase from its initial price. The token can be purchased using ETH, USDT, BNB, AVAX, and SOL.
To learn how to participate in Base Dawgz’s upcoming airdrop, follow the project on X.
2) Dogecoin – An Open-Source Peer-to-Peer Digital Currency
Another recommended memecoin is Dogecoin, arguably the most famous of all meme coins. In fact, Dogecoin is an open-source, peer-to-peer digital currency that has surged in popularity in recent years, currently ranking as the ninth-largest cryptocurrency by market cap.
Originally created as a joke in 2013, Dogecoin is considered the original memecoin. It has evolved into one of the most recognized cryptocurrencies, partly due to endorsements from celebrities and crypto enthusiasts. Its large, passionate community, combined with increasing adoption for payments and tipping, continues to drive its popularity and value.
A notable supporter is X CEO Elon Musk, who has publicly endorsed the cryptocurrency on Twitter, even suggesting it as a legitimate payment option—a move that significantly boosted its market price.
In terms of price performance, Dogecoin is up only 6.6% year-to-date, with a one-year return near 29%. However, it still trades below its yearly high of $0.229 and far below its all-time peak of $0.7316.
Dogecoin has a market cap close to $15 billion and is widely used as a tipping system on Reddit and X to reward quality content creation or sharing.
Despite skepticism, Dogecoin remains one of the most worthwhile memecoins to buy today.
3. Layer 2 Tokens – The Scalability Boosters of Blockchain
Layer 2 tokens represent another critical crypto trend with immense potential for the next bull run. Over the past year, crypto applications built on Layer 2 technology have gained massive traction, primarily because they address key limitations of standard blockchain networks.
Layer 2 refers to solutions built on top of existing blockchain networks (Layer 1) to enhance scalability and transaction speed. Technologies like rollups and state channels aim to overcome Layer 1 constraints—such as high fees and slow speeds—without sacrificing security or decentralization. This advancement is vital for mass adoption of blockchain apps, improving user experience and reducing costs.
Below are some Layer 2 tokens worth considering to participate in this growing trend:
1) Pepe Unchained – Pepe’s Own Layer 2 Blockchain
Pepe Unchained is a unique Ethereum Layer 2 memecoin that brings the iconic Pepe frog to life on its own Layer 2 network. By leveraging Layer 2 technology, PEPU aims to enhance blockchain efficiency and transaction capacity, positioning itself as a breakout candidate in the crypto market.
The highly anticipated Pepe Unchained memecoin, inspired by the Pepe meme, is widely seen as a potential alternative to PEPE, the third-largest memecoin by market cap. The project offers distinct advantages through Layer 2, including over 200% APY and significantly lower gas fees.
Moreover, 30% of $PEPU’s total supply of 8 billion tokens is allocated to staking rewards, and reduced mainnet transaction costs further enhance PEPU’s price appreciation potential.
Despite Ethereum’s transition to Ethereum 2.0, the network remains relatively slow and expensive compared to newer blockchains. Pepe Unchained addresses these issues by introducing a dedicated Layer 2 chain, delivering faster speeds and lower fees.
Investor enthusiasm is evident—the project raised over $7.6 million within weeks of launching its presale.
Currently, PEPU is priced at just $0.008946. Raising over $7 million indicates strong demand, with expectations of a significant price surge post-presale.
4) Polygon – The Ethereum Layer 2 Scaling Network
Polygon (formerly Matic Network) is a protocol and framework designed to build and connect Ethereum-compatible blockchain networks. As a Layer 2 solution, it enhances Ethereum’s scalability, speed, and cost-efficiency. It provides a robust platform for developers to create and link Ethereum-compatible chains.
Polygon improves transaction throughput by processing transactions off the Ethereum mainnet and finalizing them on-chain. This reduces congestion and lowers gas fees—one of the biggest pain points across other crypto platforms.
Thanks to its low fees, fast transaction times, and strong developer support, Polygon has become a top choice for decentralized applications (dApps) and DeFi projects. As of now, it ranks as the 21st largest cryptocurrency, with a market cap slightly above $4 billion.
From a price-performance standpoint, Polygon has underperformed recently, down 58% year-to-date and 41% over the past year. However, for an established project like Polygon, this may present a buying opportunity.
Polygon’s sidechain architecture is specifically designed to support various DeFi protocols within the Ethereum ecosystem. While currently focused on Ethereum, the network plans to expand support to other base chains based on community input and consensus.
With this expansion, Polygon will evolve into a decentralized, interoperable Layer 2 blockchain platform. This makes Polygon (MATIC) undoubtedly one of the best investment choices, especially for investors aiming to ride the Layer 2 token wave in the next bull market.
4. Other Potential Crypto Trends
Looking ahead to the next bull run, here are several other crypto trends worth watching:
1) Decentralized Finance (DeFi)
DeFi continues to revolutionize traditional financial systems by offering decentralized alternatives to banking, lending, and trading. Innovations such as yield farming, lending protocols, and decentralized exchanges are expected to grow further. As an umbrella term for peer-to-peer financial services, primarily built on Ethereum, DeFi remains one of the key trends to watch in 2024 and beyond.
2) Non-Fungible Tokens (NFTs)
NFTs have transformed how we perceive digital ownership and collectibles. From digital art and virtual real estate to in-game items and music rights, NFTs offer unique opportunities for creators and collectors. The convergence of NFTs with GameFi and the metaverse is another trend to monitor closely.
3) Central Bank Digital Currencies (CBDCs)
As digital currencies gain traction, many countries are exploring CBDC development to modernize their financial systems and offer digital alternatives to cash. The introduction of CBDCs could significantly reshape the global financial landscape and accelerate the adoption of digital money.
4) Interoperability Solutions
With the growing number of blockchain networks, cross-chain interoperability is becoming increasingly important. Projects like Polkadot and Cosmos are building solutions to enable seamless communication and asset transfers between different blockchains, potentially driving widespread innovation and adoption.
5) Green Cryptocurrencies
As awareness grows about the environmental impact of crypto mining—especially Bitcoin—eco-friendly cryptocurrencies using energy-efficient consensus mechanisms are gaining attention. Projects like Chia, which uses Proof of Space and Time, are leading this green movement.
6) Decentralized Autonomous Organizations (DAOs)
DAOs offer a new way to organize and govern communities and projects using blockchain technology. Through smart contracts and decentralized voting, DAOs operate transparently and democratically, attracting interest across industries. This is a trend worth watching ahead of the next bull run.
7) BRC-20 Tokens
BRC-20 tokens represent a recent innovation shaking up the crypto world by enabling token creation on the Bitcoin blockchain. This development opens exciting possibilities for investors and businesses alike.
The rise of BRC-20 tokens leverages Bitcoin’s proven security and vast user base, giving investors access to a broader range of financial products—such as DeFi tools and tokenized assets—all built on the trusted Bitcoin network. Meanwhile, businesses can launch their own tokens for fundraising or loyalty programs, capitalizing on Bitcoin’s brand recognition and stability. The potential of BRC-20 to expand functionality on Bitcoin is driving current market momentum, making it a trend to watch before the next bull run.
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