With 2024 already speeding by, the tech world is gearing up for more innovation than ever. The rapid evolution of the industry has dominated our daily lives for decades now, quickly changing how we go about our daily lives in various ways and shaking up everything from the financial world to how we interact with reality.
As ever, technology isn’t resting on its laurels and is poised to usher in more trends that are likely to keep shaping the world. Whether it’s new cryptocurrency offerings shifting the iGaming world forward, more dynamic advancements in AI, or an expected rise in hyperscaling, the tech world won’t be static by any means.
If your FOMO sense is sufficiently tingled, here are five tech trends to watch out for in 2024.
1. New Cryptocurrency Offerings
Cryptocurrency changed the world ever since it introduced us to Bitcoin. As the original digital currency, its massive success spearheaded a financial revolution that’s now led to tens of thousands of new cryptocurrencies entering the market. With the addition of other digital asset classes like NFTs also available now, the market may be saturated and competition stiff, but that doesn’t mean there won’t be any new developments in the crypto world.
According to CoinMarketCap, by the second week of January 2024, there were already 30 new cryptocurrencies added to its database. By the midpoint of last year, there were over 25,000 cryptocurrencies in circulation.
Here are a few of the new ones available in January 2024, and their current prices:
- Myra — $0.002386
- The Blu Arctic Water Company —- $0.05335
- UNODEX — $0.03916
- Meme Ai — $0.001824
- Moon App — $0.0416
- Solama — $0.003367
- TaoPad — $6.18
- Lendle — $0.1885
- Orbit Pro — $0.1374
The historical growth of cryptocurrency proves that the crypto bubble is far from plateauing. If anything, expectations of another bull run in 2024 have many analysts excited that this might be the perfect year for investors to consolidate their crypto portfolios.
Many factors seem to point toward a surge in crypto prices during 2024. Bitcoin itself experienced a great run last year and is currently worth in excess of $42,000. For those investors savvy enough to choose the next Bitcoin to invest in, the year ahead can potentially be a very lucrative one.
2. iGaming Trends
Next to cryptocurrency, one of the most rapidly advancing tech industries has been online gambling. The iGaming world has experienced massive growth and now encompasses a staggering amount of sites and apps where online casino games of all sorts and sports betting can be played from your own home.
Cryptocurrency growth coincided with iGaming expansion, with the two industries naturally becoming complementary partners as a result. Cryptocurrency is now fast becoming one of the most popular payment methods for online gamblers. It’s easy to see why since it enables faster, safer, cheaper, and more seamless transactions to take place.
Add virtual reality trends into the mix and 2024 is set to provide a far more immersive experience for online gamblers too. That could mean anything from interacting with other players as if you’re all playing together at a generic casino, or perhaps even being able to experience the POV of being a high roller at Caesars Palace in Vegas. The possibilities are endless.
3. Crypto Gaming
The ordinary gaming world will of course keep advancing as much as it always has, with many famous titles slated for updates in 2024. However, another exciting trend to keep an eye on this year is crypto gaming. This unique hybrid industry offers a play-to-earn model where gamers can play games to earn rewards in cryptocurrency.
Most relevant indicators point to the industry experiencing a huge shift in 2024. As a result, the games offered are expected to experience mainstream investment that should see them growing far more advanced, with better gameplay and fewer bugs. This will likely fuel interest in them, so the potential for earning should grow concomitantly.
4. Advances in AI
Artificial intelligence has already begun dazzling and scaring us in equal measure. However, its scope and the expansion of its most popular uses as a generative tool are set to grow far beyond words and pictures in 2024. This marks a particularly exciting time for people looking to expand their IT earning skills and creatives of all sorts since those who learn how to capitalize on AI expansion could soon lead the way in its use as a money maker.
However, it can also mean that those who resist or fail to integrate it into their hustles face the growing risk of cultural obsolescence. For those of us who already feel sufficiently threatened by AI’s growth toward omnipresence in our daily lives, thankfully, advancements in the ethical sides of AI are also expected to grow in 2024, too.
5. The Rise of Hyperscaling
If you’ve never heard of the concept, hyperscaling refers to the ability of digital architecture and infrastructure to appropriately scale in line with the growing demand that is placed on the system. Hyperscaling is generally esoteric to massive cloud computing service providers like Amazon Web Services, Microsoft Azure, or Google Cloud. The most successful hyperscalers can enable monumental horizontal scalability while effectively managing faults.
According to GlobalNewswire, as a result of the demand for hyperscaling, the hyperscale computing market is poised to grow between $40.9 billion to $109.2 billion by 2028. At the same time, data centers are expected to become the fastest-growing industry in communication and the internet by 2032. These centers usually house the physical infrastructure and hardware that the largest remote storage and data processing companies use.
Given the industry’s colossal energy usage and environmental impact, hyperscaling is also set to begin earnestly seeking alternatives and solutions to manage and reduce its energy footprint. Since the industry indirectly provides the means for millions of small businesses to operate like much larger companies by taking care of most of their digital storage and infrastructure needs, the success and sustainability of hyperscaling have a lot riding on it.
