Anyone who knows and experiences the cryptocurrency market knows that volatility is almost constant. Unlike what is usually seen in centralized markets, here the variations in prices are so large that double-digit percentage changes do not usually scare those who follow such transactions that much.
In any case, avoiding the common sense of embarking on some crypto just because you heard a lot about it (or because its price rose a lot recently). Here we will raise five cryptos that you should keep an eye on in the next bull run (or bull run, as you prefer) according to reasons that help you better understand how such projects stand out from others.
Let's get to these projects!
Bitcoin: halving and American retail will make a difference
We recently explained here why the Bitcoin halving is a reason to keep an eye on this project, as well as a change in the American market.
You can see it in detail there, but the summary of the story is that with the halving mining incentives are reduced (which can contribute to a slower increase in the supply of the next units) and, at the same time that this happens, the ETFs of Bitcoin that began operations in January 2024 will begin to arrive on the shelves of the largest American financial institutions - and, with American retail being much more present in this market than institutional ones, this points to an increase in demand.
Taking into account this pair of factors, which together can indicate considerable room for upside, look carefully at Bitcoin in the next allocations you make in crypto.
Ethereum: relevant participation in DeFi
Within the field of financial innovations that cryptos bring, one of the most relevant aspects is the so-called Decentralized Finance (or DeFi). Through this field, we can verify the occurrence of transactions that depend only on the network in which they are carried out and not on the eventual authorization of people.
Looking at the monthly crypto trend reports from Binance Research (the English name for these reports is Key Trends in Crypto), we see that, when it comes to decentralized finance, Ethereum alone represents between 50 and 60% of the entire market. A considerable domain!
Therefore, with such relevance and participation, Ethereum is a project that is worth putting on your radar (if it isn't already!) for new allocations in crypto because, with the expansion in the global participation of decentralized transactions compared to traditional financial markets, it will certainly We will see a positive impact on this crypto in terms of price.
Solana: increasing relevance in DeFi
One of the most interesting aspects of the crypto universe is that it allows initiatives that complement functions (or even correct mistakes) of previous projects to gain ground very quickly.
When it comes to DeFi, this happens with Solana.
This project, which began in 2017 but ended up becoming a reality only in 2020, seeks to be precisely an alternative to Ethereum for creating decentralized applications (DApps) in DeFi and the biggest difference that such a project brings is the proof-of-consensus model. history (PoH), replacing the already known proof-of-stake (PoS).
The technical difference between the two is detailed, but the summary is that, while PoS only allows a sequential chain of blocks, when the consensus mechanism works via PoH there is the possibility that new records, even if they are not sequential, can be registered in parallel.
In a very simplified way, this means that Solana allows considerable scalability in relation to what Ethereum can deliver.
Furthermore, Solana is currently used by people who carry out financial transactions and create smaller capacity DApps, but the project has a foundation that focuses on expanding the base and scope of those who use it - precisely with a focus on this scalability.
With all this taken into account - plus a 94% growth in the DeFi field's share, according to the April 2024 report from Key Trends in Crypto - it's worth keeping an eye on Solana the next time you make allocations. in cryptos.
BNB: the “ballast” with renewed confidence
Since Binance is the largest cryptocurrency exchange in the world and taking into account that it offers the possibility for you to monitor your growth with your own crypto, we have a project in BNB that is worth following.
After having gone through some issues that shook the global crypto market that involved the company's management, Binance today makes it increasingly clear that such issues did not affect the operation of the decentralized revolution and, as a result, the native token (which can be relatively compared to a company share, even if it is not) is free from any confusion that could harm its progress in terms of quotation.
This renewal of “ballast” of trust opens the way for not only Binance to expand its presence in more markets but also for this native token to be able to deliver, to those who have it in their portfolio, the gains over time arising from it.
You know that old story that “in the gold rush, the smartest person is the one who sells the shovels”? So: if Binance is an important part of the crypto revolution, being able to follow the growth of its operations is precisely what putting BNB in your wallet means - and why it's worth keeping an eye on.
Dogecoin: the meme that caught on
You probably got irritated when you read this subtitle. “What do you mean by suggesting a memecoin?” Well, we are not talking about a mere random memecoin, but one of the ten biggest cryptos that currently exist in terms of market value.
If you have doubts - or anger, you will know - continue, know that, in fact, what makes this project so prominent is not some indication on Twitter (X, sorry) of some billionaire who is very active on the networks, but rather the use of this crypto.
According to the company Santiment, specialized in on-chain data analysis in report at the end of 2023, with the exception of Bitcoin and Ethereum, Dogecoin is the cryptocurrency that has most increased the number of people who have this project in their digital wallets.
There's a good chance you still think it's just a memecoin. We will respect you if necessary. But don't forget to keep an eye out anyway, because it's the most relevant meme in the world today.
And you, how will you take advantage of the next crypto bull run?
Here we present to you why five projects are interesting so that you can keep an eye on the next allocations. The theses seem to make sense to you
Keep following our analyzes here on Square, the discussions have just begun!
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