2024

Security

Read

<img width="1201" height="720" src="https://coingape.com/wp-content/uploads/2023/11/binance-1-e1704887055481.jpg" class="attachment-full size-full wp-post-image" alt="Binance Delisting" decoding="async" style="float:right; margin:0 0 10px 10px;" srcset="https://coingape.com/wp-content/uploads/2023/11/binance-1-e1704887055481.jpg 1201w, https://coingape.com/wp-content/uploads/2023/11/binance-1-e1704887055481-300x180.jpg 300w, https://coingape.com/wp-content/uploads/2023/11/binance-1-e1704887055481-768x460.jpg 768w, https://coingape.com/wp-content/uploads/2023/11/binance-1-e1704887055481-150x90.jpg 150w" sizes="(max-width: 1201px) 100vw, 1201px">
Binance Research has published a <a rel="nofollow" href="https://www.binance.com/en/research/analysis/full-year-2023-and-themes-for-2024">report </a>detailing eight key areas where significant advancements are expected in 2024. This comes on the heels of a remarkable 2023, where the crypto market saw a 109% increase in market cap. The report highlights the resurgence in Bitcoin’s dominance, a 321% rise in Layer 2 solutions’ total value locked, and substantial growth in the decentralized finance sector, marked by innovations in liquid staking tokens and the integration of real-world assets. 
<h2 id="bitcoin-s-bright-outlook-and-institutional-interest">Bitcoin’s Bright Outlook and Institutional Interest</h2> 
A focal point of the report is the Bitcoin ecosystem. Anticipated developments like Ordinals NFTs, BRC-20 tokens, and the impact of the spot bitcoin ETF <a href="https://coingape.com/michael-saylor-delivers-crucial-warning-to-bitcoin-community/">approvals </a>are creating a buzz. Moreover, the upcoming Bitcoin halving event, historically preceding major bull runs, is less than 100 days away. The growing institutional adoption of crypto further bolsters this optimism. The entry of giants like BlackRock and Fidelity into the crypto space during the bear market strongly indicates their confidence in the sector’s long-term prospects. 
Another area set for significant growth is the intersection of artificial intelligence and crypto. Applications such as OpenAI’s ChatGPT are just the <a href="https://coingape.com/openais-chatgpt-ranks-no1-in-wikipedias-most-read-articles/">tip </a>of the iceberg. The report suggests potential use cases in trade automation, predictive analytics, and decentralized autonomous organization operations. 
Additionally, the tokenization of real-world assets (RWAs) is <a href="https://coingape.com/top-rwa-crypto-tokens-that-could-50-100x-in-2024/">gaining </a>momentum, offering transparency and efficiency by bringing off-chain assets onto blockchains. With elevated interest rates, tokenized treasuries are likely to remain attractive investments. 
<h2 id="on-chain-liquidity-and-security-enhancements">On-Chain Liquidity and Security Enhancements</h2> 
Moreover, the thriving on-chain liquidity landscape is a key theme for 2024. A continued emphasis accompanies this growth on security improvements within the crypto ecosystem. Furthermore, the report highlights the traction of ownership economy applications, including decentralized physical network infrastructure and social media. 
The importance of account abstraction is also underlined, aiming to simplify and enhance user experiences in blockchain technology. 
Read Also: <a href="https://coingape.com/ripple-cto-takes-a-jibe-at-elitist-ai-control/?utm_source=cgtelegram">Ripple CTO Takes a Jibe at Elitist AI Control</a> 
The post <a href="https://coingape.com/binance-research-foresees-major-crypto-trends-for-2024/">Binance Research Foresees Major Crypto Trends for 2024</a> appeared first on <a href="https://coingape.com">CoinGape</a>.

Binance Research Foresees Major Crypto Trends for 2024

Table of Contents

Coingape News Media

Other articles published on Jan 15, 2024

Dollarino (DOLS) – The First Anti ETF Crypto Coin Is On The Market

Bitcoin Recovers After Testing $41,800 Amidst Quiet U.S. Markets

Chainlink Surges Past Key Resistance Levels: Bulls in Control

Hedera Partners Hitachi US To Advance Real-World Web3 Potential

Cosmos Ecosystem Chains Affected By CosmWasm Vulnerability

XRP Beats BNB, Solana, and Cardano in the Liquidity Ranking

Join our free newsletter for daily crypto updates!