Traders are paying more attention to memecoins

According to the results of the study, 19.39% of respondents expect increased legislative control over cryptocurrencies, and 16.1% expect more active involvement of traditional financial institutions and investment companies. 16.51% believe that blockchain technology will find practical application in the real world.

23.89% of respondents believe that artificial intelligence (AI)-related tokens will become market leaders and accelerate the development of technological innovations. Respondents have high hopes for memecoins - 19.09% of respondents are confident in their potential. 12.37% believe that DeFi tokens have good prospects (12.37%), and 12.28% - so-called first-level tokens.

Researchers from Binance found that 16.1% of customers own memecoins, 14.44% hold bitcoins, 14.23% hold BNB (native tokens of the Binance exchange itself), and 10.95% hold ether. The survey results showed that memecoins are particularly popular, respondents expect new memetokens to appear in the future, the authors of the survey said. Binance analysts noticed an influx of new investors. Almost half (45%) of respondents began trading on the crypto market in 2024, with 24.52% in the last six months. 41.86% of survey participants have been active for one to five years. 22.4% of respondents named the rapid growth of digital assets as the main reason for buying coins. 18.78% cited decentralization and the opportunity to gain financial independence as the main motivation, while 17.16% of respondents noted the speed and ease of transactions as a key factor in deciding to enter the crypto market. According to a recent Coinme survey, US residents have increased their awareness of cryptocurrencies in 2024. In 2022, far fewer US users understood digital assets.#MarketCorrectionBuyOrHODL $BNB $ETH