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Binance Executive’s Top Strategies for 2024 Crypto Bull Market

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In the crypto market, each bull cycle presents various challenges and opportunities. The 2024 bull cycle is shaping up to be a distinct departure from its predecessors, notably the 2017 and 2021 cycles.

This is because, in previous cycles, liquidity was concentrated in a handful of altcoins, simplifying investment choices for retail traders. However, the crypto market has evolved dramatically, with liquidity now spread across a rising number of altcoins.

Liquidity Fragmentation Due to Meme Coins

The crypto market’s expansion has been particularly marked by the proliferation of altcoins and meme coins, facilitated by platforms like Pump.fun. Since its inception in January 2024, the platform has been instrumental in the creation of over two million meme coins, amassing more than $138 million in fees.

Read more: 7 Hot Meme Coins and Altcoins that are Trending in 2024

Total Tokens Deployed Through Pump.fun in 2024
Total Tokens Deployed Through Pump.fun in 2024. Source: Dune

The surge in such tokens has led to what Alex Odagiu, Investment Director at Binance Labs, refers to as “liquidity fragmentation.” In an interview with BeInCrypto, Odagiu highlighted the dual-edged nature of this trend.

“The surge of meme coins has undoubtedly created noise, but we see it as part of the natural evolution of the Web3 space. While it may cause short-term liquidity fragmentation, over time, the market will likely consolidate around projects with true value propositions,” he explained.

Despite their speculative nature, meme coins have played a pivotal role in attracting new users and fostering community engagement. Furthermore, Odagiu believes that as the market matures, investor focus will shift towards utility-driven projects that offer sustainable value and practical use cases.

Altcoin Investment Strategies

Since September 6, the price of Bitcoin has surged by nearly 25%. It is currently trading above $65,000, signaling a potential return of the bull market.

Yet, the overwhelming number of tokens has diluted the attention and hype that previously benefitted certain projects. Addressing this, Odagiu outlined strategies for long-term investors to navigate the crowded market effectively.

“In a market flooded with new tokens, it’s crucial for investors to focus on fundamentals rather than chasing hype. Long-term investors should take a disciplined approach when differentiating between short-term trends and long-term value. Projects with real-world use cases, strong teams, solid roadmaps, and sustainable business models are more likely to survive multiple market cycles,” Odagiu stressed.

Read more: 11 Cryptos To Add To Your Portfolio Before Altcoin Season

He also revealed that despite the apparent saturation, substantial potential remains within specific sectors such as decentralized finance (DeFi), infrastructure, real-world asset tokenization, and applications that aim to achieve mass adoption.

“Projects that prioritize strong technological innovation, demonstrate meaningful product-market fit, and have sustainable revenue models will continue to attract interest despite the crowded market,” Odagiu stated.

Odagiu advised a balanced approach to building a strong crypto portfolio. He believes that a solid crypto portfolio should be diversified across different asset types and sectors.

“Bitcoin remains a foundational asset due to its stability and market dominance, but altcoins that drive real technological innovation and have strong community support can present substantial growth opportunities. Diversification across sectors—such as DeFi, infrastructure, and gaming—can also help mitigate risk while capturing opportunities in emerging trends,” he elaborated.

Bitcoin Continues to Remain Institution’s Favorite Crypto

Amid Bitcoin’s dominant market position, institutional focus remains largely trained on it, often at the expense of other promising altcoins. Year-to-date, Bitcoin’s price has increased by over 55%, while the total crypto market cap, excluding Bitcoin, has risen by just 23%.

Read more: Who Owns the Most Bitcoin in 2024?

Bitcoin vs. Crypto Total Market Cap Excluding BTC Price Performance
Bitcoin vs. Crypto Total Market Cap Excluding BTC Price Performance. Source: TradingView

Moreover, according to crypto analyst Murad Mahmudov, only 42 tokens among the top 300 on CoinMarketCap have outperformed Bitcoin so far in 2024. Odagiu explains why Bitcoin remained a dominant crypto in the 2024 bull cycle.

“Bitcoin’s dominant position in the market is deeply rooted in its status as the first cryptocurrency, which institutional investors often view as a simpler, more familiar, and less risky asset compared to Ethereum and altcoins. Bitcoin’s narrative as a store of value, often referred to as ‘digital gold,’ aligns with traditional investment strategies, making it a natural entry point for institutions new to the crypto space,” Odagiu explained.

However, as institutional investors gain familiarity with the crypto ecosystem, Odagiu anticipates increased interest in Ethereum (ETH) and other altcoins.

“With that said, we (Binance Labs) expect interest in Ethereum and other altcoins to grow as institutions continue to gain confidence in the broader Web3 ecosystem and see the utility beyond Bitcoin,” he added.

The current market cycle also highlights the rise of leveraged trading among crypto traders. Data from Coinglass indicates that open interest stands at $35.93 billion, near its four-year high.

Open interest refers to the total number of outstanding derivative contracts, like futures and options, that have not been settled. It’s used as an indicator to gauge market sentiment.

Read more: How To Trade Crypto on Binance Futures: Everything You Need To Know

Bitcoin Futures Open Interest
Bitcoin Futures Open Interest. Source: Coinglass

However, Odagiu cautioned against the lure of high-risk leverage. He stated that leverage can amplify both gains and losses, so it’s important for investors to use it responsibly, especially in volatile markets.

“Ultimately, long-term success in crypto comes from sound investment principles rather than chasing short-term gains with high-risk leverage,” he concluded.

Indeed, the crypto market demands that investors adapt by prioritizing sustainable investment strategies, enabling them to navigate the challenges of the 2024 bull cycle with informed confidence.

Disclaimer

Following the Trust Project guidelines, this feature article presents opinions and perspectives from industry experts or individuals. BeInCrypto is dedicated to transparent reporting, but the views expressed in this article do not necessarily reflect those of BeInCrypto or its staff. Readers should verify information independently and consult with a professional before making decisions based on this content. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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3 Meme Coins to Watch For The Last Week of February 2025

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DOGEai, TST, and BROCCOLI are three meme coins drawing attention for the last week of February. DOGEai, launched on Solana, is up 110% in the past seven days, positioning itself as a leading AI meme coin.

TST remains one of the most popular meme coins on the BNB chain despite a recent correction. At the same time, BROCCOLI, inspired by Binance co-founder CZ’s dog, has also seen significant volatility.

DOGEai (DOGEAI)

DOGEai is an artificial intelligence coin launched on Solana. Its market cap is now $32 million, up 82% in the last seven days. This rise has positioned DOGEai as one of the most talked-about AI meme coins in recent days.

DOGEAI Price Analysis.
DOGEAI Price Analysis. Source: TradingView.

DOGEai leverages multiple narratives, including Dogecoin’s popularity, the growing interest in DOGE (Department of Government Efficiency), and the broader AI cryptos trend. It defines itself as “an autonomous AI agent here to uncover waste and inefficiencies in government spending and policy decisions,” offering bill summaries and insights into government expenditures.

If the current uptrend continues, DOGEai could test the resistance at $0.048, with potential targets at $0.059 and $0.069. However, if a downtrend emerges, DOGEai has support at $0.030, and if that level is lost, it could drop to $0.018 or even $0.0092.

Test (TST)

TST has emerged as one of the most popular meme coins on the BNB chain, benefiting from the chain’s growing volume, which recently even surpassed Solana.

In the days following its launch, TST reached a market cap close to $500 million, then entered a strong correction phase. Its market cap has since dropped to $78 million.

TST Price Analysis.
TST Price Analysis. Source: TradingView.

If the BNB narrative gains strength again, TST could benefit as one of its most popular meme coins and may test the resistance at $0.10. A breakout above this level could push TST to $0.20 or even $0.25 if buying pressure intensifies.

However, if TST fails to regain strong upward momentum, it could test the support at $0.0719 and potentially drop to its lowest levels since February 9.

CZ’S Dog (BROCCOLI)

BROCCOLI was launched a few weeks ago after Binance co-founder CZ revealed his dog’s name, sparking a flood of BROCCOLI tokens on the market.

The largest of these tokens quickly surged to a $249 million market cap in its early days but has since dropped to $52 million.

Like TST, BROCCOLI benefited from the recent rise of the BNB ecosystem but has since entered a strong correction phase. It is down 40% in the last seven days.

BROCCOLI Price Analysis.
BROCCOLI Price Analysis. Source: TradingView.

If the downtrend continues, BROCCOLI could test support near $0.04, and a break below this level could push it to its lowest price since launch.

However, if the BNB ecosystem and meme coins regain traction, BROCCOLI could benefit, especially given the popularity of dog-related meme coins like Dogecoin and Shiba Inu. In this bullish scenario, BROCCOLI could rise to test the resistance at $0.113.

Disclaimer

In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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Ethereum Rollback Debate Intensifies After Bybit Hack

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The crypto community is divided over calls for an Ethereum blockchain rollback following a massive security breach at Bybit.

On February 21, the exchange lost nearly $1.5 billion in ETH to hackers, sparking discussions about whether Ethereum should intervene to recover the stolen funds.

What is a Blockchain Rollback?

A blockchain rollback, also known as a reorganization, involves reversing confirmed transactions to restore the network to an earlier state.

This process usually happens after a major security breach or exploit. Validators must reach a consensus to discard the affected blocks, effectively erasing the malicious transactions.

Despite its potential benefits, a rollback remains a controversial and rarely used measure due to its impact on a blockchain’s trust and decentralization.

Blockchains operate on the principle of immutability, meaning transactions are expected to be final once confirmed. So, rolling back transactions challenges this principle, raising concerns about the security and reliability of the network.

Crypto Leaders Clash Over Ethereum Rollback Proposal

BitMEX co-founder Arthur Hayes has been vocal in advocating for a rollback to solve the ByBit hack. He pointed to the 2016 DAO hack, where Ethereum underwent a hard fork to recover stolen funds, as precedent.

Hayes argued that since Ethereum previously compromised on immutability, another intervention should not be off the table.

“My own view as a mega ETH bag holder is ETH stopped being money in 2016 after the DAO hack hardfork. If the community wanted to do it again, I would support it because we already voted no on immutability in 2016,” Hayes said.

JAN3 CEO Samson Mow also supported the rollback, stating it could prevent North Korea from using the stolen funds to fund its nuclear weapons program.

However, not everyone agrees. Pseudonymous crypto trader Borovik strongly opposed the idea, arguing that a rollback would jeopardize Ethereum’s credibility and neutrality.

Bitcoin advocate Jimmy Song also dismissed the possibility, stating that the Bybit hack cannot be compared to the 2016 DAO exploit. Song emphasized that the DAO hack allowed for a 30-day intervention, whereas the Bybit attack is already finalized, making a rollback impractical.

“I know people are expecting the Ethereum Foundation to roll back the chain, but I suspect it’s already too much of a mess to do it cleanly,” Song added.

Meanwhile, Ethereum supporter Adriano Feria introduced an alternative perspective. He argued that Bybit could have avoided this situation by using a Layer 2 (L2) solution with conditional reversible transactions.

According to Feria, blockchain technology needs some form of reversibility to ensure real-world adoption.

“Whether through social recovery or another pre-determined, immutable, and transparent decision-making process, real-world mass adoption will not work without reversible transactions. Without this capability, transactional activity will inevitably gravitate toward TradFi systems that already provide it,” Feria stated.

This debate raises a fundamental question for Ethereum: should it prioritize immutability or intervene in extreme cases?

While some see a rollback as a necessary response to an unprecedented loss, others fear it could undermine the core principles of decentralization. Ethereum’s next steps will likely shape its long-term credibility and trust within the crypto space.

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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Berachain (BERA) Falls 15% After Recent Rally Surge

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Berachain (BERA) is down almost 15% in the last 24 hours, with its market cap now at $778 million, although its price remains up nearly 20% over the past seven days. This sharp pullback comes after a strong rally between February 18 and February 20, when BERA reached levels above $8.5.

BERA’s Relative Strength Index (RSI) has dropped from overbought levels, signaling a loss of bullish momentum, while its Directional Movement Index (DMI) shows growing bearish pressure. As BERA navigates this correction phase, it faces key support at $6.1, with potential resistance levels at $8.5, $9.1, and $10 if bullish momentum returns.

BERA RSI Is Dropping Steadily After Touching Overbought Levels

Berachain Relative Strength Index (RSI) is currently at 50.6, down sharply from 86.7 just two days ago when its price surged above $8.5. RSI is a momentum oscillator that measures the speed and change of price movements, ranging from 0 to 100.

It is commonly used to identify overbought or oversold conditions, with values above 70 indicating overbought levels and below 30 suggesting oversold territory.

The steep decline in BERA’s RSI reflects a significant loss of bullish momentum after reaching overbought levels above 86, where a correction was likely.

BERA RSI.
BERA RSI. Source: TradingView.

With RSI now at 50.6, BERA is in a neutral zone, suggesting that buying and selling pressures are relatively balanced.

This could indicate a period of consolidation as the market digests recent gains. If RSI continues to decline below 50, it could signal increasing bearish momentum. This could lead to a further price drop for BERA.

Conversely, if RSI stabilizes and begins to rise, it could suggest renewed buying interest and a potential recovery in Berachain price.

BERA DMI Chart Shows Buyers Are Losing Control

Berachain Directional Movement Index (DMI) chart shows its Average Directional Index (ADX) currently at 50.5, after peaking at 60.2 yesterday, up from just 13.3 five days ago. ADX is an indicator used to measure the strength of a trend, regardless of its direction, ranging from 0 to 100.

Values above 25 typically indicate a strong trend, while values below 20 suggest a weak or sideways market. The sharp rise in ADX reflects a significant increase in trend strength, confirming that BERA has been experiencing strong directional movement recently.

BERA DMI.
BERA CMF. Source: TradingView.

Meanwhile, BERA’s +DI is at 24.4, down from 48.4 two days ago, indicating weakening bullish momentum. Meanwhile, -DI has risen to 15.1 from 4.9, suggesting growing bearish pressure.

This shift signals that the bullish trend that drove prices higher is losing steam, and selling interest is beginning to increase.

If -DI continues to rise above +DI, it could indicate a bearish crossover, signaling a potential reversal or deeper correction in BERA’s price. However, if +DI stabilizes and moves upward again, it could suggest a continuation of the uptrend, albeit with reduced momentum.

Will Berachain Fall Below $6 Soon?

Berachain surged 53% between February 18 and February 20, pushing its price above $8.5 after the coin struggled following its airdrop. However, after this sharp rally, BERA entered a correction phase and is currently down almost 15% in the last 24 hours.

This pullback suggests profit-taking and a shift in market sentiment as buyers hesitate to push prices higher. If the downtrend continues, BERA could soon test the support at $6.1, and a break below this level could lead to a further decline towards $5.48, reflecting increased selling pressure.

BERA Price Analysis.
BERA Price Analysis. Source: TradingView.

On the other hand, if Berachain can regain its bullish momentum from a few days ago, it could rise above $8.5 again, potentially testing the next resistance levels at $9.1 or even $10.

To confirm this bullish scenario, Berachain would need to see renewed buying interest and strong upward momentum. If buyers can defend key support levels and push the price above resistance zones, it could indicate the continuation of the uptrend.

Disclaimer

In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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