The world’s largest cryptocurrency exchange Binancepublished a new report today. Evaluating the year 2023 Binance Research analysts said eight main themes will be in focus in 2024.
The eight main themes they determined for 2024 “Bitcoin ecosystem (including BRC-20 tokens), ownership economics applications, artificial intelligence (AI), real-world assets (RWA), on-chain liquidity, institutional adoption, account abstraction, and blockchain security.” Binance Research says that “These areas are particularly exciting for us and we expect significant advances in these areas.” said.
“2023 was the Year of Recovery!”
Stating that 2023 is the year of recovery for the cryptocurrency markets, analysts stated that the impressive growth in the market was due to the increases in the first and fourth quarters of the year.
“The increase in the last quarter was driven by optimism around Bitcoin ETF approvals and the expectation of Bitcoin’s upcoming halving.
A strong recovery in 2023 lays the foundation for further breakthroughs and growth in the cryptocurrency space.
At this point, we expect the growth in the crypto market to continue in 2024.”
“Bitcoin and BRC-20 Tokens Had a Good Year!”
With the BRC-20 craze Bitcoin And BTC Stating that the ecosystem had a strong year 2023, analysts said that Bitcoin regained its dominance in terms of both market value and attention.
Binance Research, which expects the momentum in BRC-20 and Bitcoin to continue in 2024, stated that spot ETF flows and Bitcoin halving will be followed here.
At this point, Binance Research said that BRC-20 tokens opened a “new era” for Bitcoin and listed the top five BTC-20 tokens according to market value.
in this list ORDI, SATS, RATS, MUBI and TRAC It was noteworthy that MUBI and TRAC were not listed on Binance.
This increased rumors that Binance might list MUBI and TRAC.
Analysts who also study Ethereum ETH’spot this year Ethereum He said ETF events will be followed.
“Solana was in the front rows!”
Analysts who also examined Solana, LEFTHe said that with the rise it experienced, it was at the forefront of the market in the last months and weeks of the year.
“Although deeply affected by some events in 2022 solanafinished the year on a high.
Network outages are expected to decrease further in Solana in 2024.”
DeFi Referring to the hacking incidents in the field, analysts pointed out that the hacking incidents in the DeFi field have increased significantly in 2023 and said that more emphasis will be placed on ensuring security in the DeFi field in 2024.
Finally, Binance Research stated that institutional adoption will increase even more in 2024 and that records will be achieved in the eight areas they listed.
Binnace Research analysts have examined many altcoins and topics other than Bitcoin, BRC-20 tokens, Ethereum and Solana.
*This is not investment advice.
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