Binance Announces Six Trends That Will Mark This Year

Binance, the world's largest cryptocurrency exchange, announced the trends that will mark the rest of 2024.

According to Binance Research's research, corporate companies will continue to adopt Bitcoin. “The fact that (ETFs in the US) are becoming more and more well-known and the involvement of giants such as BlackRock and Fidelity may be the most important factor,” the report said.

“We hope that these ETFs and crypto products will be adopted by a broader audience of investors in the US and around the world,” the researchers said. Additionally, it is hoped that these investors will turn to areas such as DeFi, NFT, and SocialFi in addition to Bitcoin and Ethereum.

Another topic was the presidential elections in the USA. “The period leading up to and after the election will likely lead to volatility in the markets,” Binance said.

Binance Research also touched upon the work done to scale Bitcoin, how blockchain technology can change ownership of things such as personal data, creative content, and the potential of the DePin sector.

While investors wait for the Fed to cut interest rates, Binance expects the slightly higher interest rates to positively impact the Real World Asset (RWA) sector. “As institutions increasingly adopt RWAs, related infrastructures such as decentralized identity, oracle, and interoperability solutions are expected to gain momentum,” the report said.

Finally, it was stated that Web3 games such as Hamster Kombat and Notcoin began to attract more users than ever before, and "Additionally, projects such as Pixels and Parallel TCG have successfully established strong communities for their products."