Binance Labs' Alex Odagiu: Focus on the Basics for 2024 Crypto Bull Run

The 2024 crypto bull run is shaping up to be different from previous cycles, with a notable surge in altcoins. In this evolving market, Binance Labs' Alex Odagiu emphasizes the importance of sticking to the basics—prioritizing projects with real use cases, strong teams, and lasting value.

The 2024 crypto bull market is shaping up to be different from the cycles we saw in 2017 and 2021.

Back then, liquidity was concentrated in fewer altcoins, making it easier for retail investors to navigate the space. Today, liquidity is spread across many tokens, creating a more complex environment.

Alex Odagiu from Binance Labs advises that in such a landscape, investors should focus on the fundamentals—projects that offer real-world use cases, have strong development teams, and provide long-term value. While meme coins can bring in short-term attention, Odagiu stresses that well-founded projects are more likely to endure as the market matures.

Here's a closer look at two crypto platforms that are gaining attention for their innovative approaches in 2024.

Immutable (IMX) Passport, designed specifically for web3 gaming, has hit a milestone with over 2 million signups. This surge highlights the increasing demand among both gamers and developers for accessible, user-friendly solutions in the web3 environment.

Ignatius Widjaja, Head of Blockchain at Immutable, clarified that Passport isn’t trying to be a general-purpose crypto wallet but instead is tailored for gaming. With seamless integration with other wallets, Passport allows users to securely store their digital assets while offering features catered to the gaming community. Enhanced security measures are also in the works to strengthen digital ownership for gamers.

Why Whales Are Turning to Plus Wallet

Plus Wallet has entered the crypto space with a bold vision: to give users maximum value from their trading activities. Its Swap to Earn feature is at the heart of this approach, allowing users to earn rewards with every trade. This means that high-frequency trading not only moves assets but also offers direct financial benefits to traders.

Security is another key area where Plus Wallet excels. It employs advanced encryption and two-factor authentication to safeguard user assets. In addition, its token listing process is exceptionally fast—taking just 15 minutes compared to the weeks required by other wallets.

This combination of security, efficiency, and unlimited reward potential has made Plus Wallet a preferred choice for whales. Traders can capitalize on unlimited rewards, with no restrictions on the number of swaps they can execute. This has positioned Plus Wallet as one of the more attractive decentralized wallets on the market, offering more than just the basic services of typical wallets.

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