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Cryptocurrency News Articles
The 2024 Crypto Bull Cycle: Binance Labs' Alex Odagiu Encourages Investors to Stick to Fundamentals
Oct 07, 2024 at 10:00 pm
The upcoming 2024 bull run is notably different from the cycles seen in 2017 and 2021. Back then, altcoin investments were simpler, with liquidity focused on just a few key tokens. Today, liquidity is spread across a much broader range of assets, making the market far more complex.
The upcoming 2024 bull cycle is shaping up to be different from the cycles we saw in 2017 and 2021. Back then, investing in altcoins was simpler, with liquidity concentrated on a few key tokens. But in 2024, liquidity will be spread across a broader range of assets, making the market more complex.
In such a market, investors should look beyond the hype and focus on the fundamentals, advises Alex Odagiu from Binance Labs. He recommends concentrating on projects that have real-world applications, strong teams, and long-term potential. Meme coins may grab attention, but Odagiu believes that only those with strong fundamentals will endure as the market matures.
Immutable’s IMX Passport, designed specifically for Web3 gaming, has crossed the 2 million sign-up mark, highlighting a rising demand for streamlined, user-friendly wallets in the Web3 space.
Ignatius Widjaja, Head of Blockchain at Immutable, explains that IMX Passport is not designed to be a catch-all crypto wallet but fills a niche in the gaming world. It integrates easily with other wallets, allowing players to securely store their assets while offering gaming-focused features. With enhanced security measures in development, Passport is well-positioned to offer players full control over their digital assets.
Plus Wallet has made a bold entrance into the market with a “more is more” approach, giving users maximum value through every feature. Its Swap to Earn program stands out, allowing users to earn rewards for each crypto swap or trade they make. This transforms regular trading into a continuous opportunity for financial gain.
Security is another priority for Plus Wallet. It uses advanced encryption and two-factor authentication to ensure that user assets remain protected. Additionally, its token listing speed is a major advantage—just 15 minutes, compared to the weeks typically required by traditional wallets.
This blend of security, efficiency, and limitless rewards has made Plus Wallet particularly appealing to whales. With no cap on the number of trades or the rewards earned, industry whales are taking full advantage of the platform’s earning potential. By allowing traders to maximize their profits with every swap, Plus Wallet has established itself as a strong player among decentralized wallets, offering far more than just basic services.
As the anticipated 2024 bull run approaches, investors may find Binance Labs’ Alex Odagiu’s advice a helpful guide in choosing the right projects to invest in. However, selecting the right storage option is just as critical as picking the right asset.
Immutable’s IMX Passport, though still developing its security features, is already popular among gamers for its user-friendly design.
For whales and traders with high-stakes assets, Plus Wallet stands out as a trusted option. Its rewards program allows users to grow their assets just by engaging in the platform, while its security measures ensure that they retain full control. These factors have positioned Plus Wallet as one of the top decentralized crypto wallets for active traders in today’s market.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
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