The 2024 crypto bull cycle differs from previous cycles, due to a sharp surge in altcoins. In this complex market, Binance Labs' Alex Odagiu advises investors to focus on the basics—projects with real use cases, strong teams, and long-term value.
His philosophy can also be applied to the crypto wallet niche, where two wallets have drawn wide notice for their distinct innovations. Immutable’s IMX Passport, a web3 gaming wallet, has surpassed 2 million signups.
Meanwhile, Plus Wallet has attracted major whale attention with its Swap to Earn feature. Through this users get a reward on every trade, with no cap on trades. High-stake traders have swiftly moved to the platform, eager to maximize earnings while being at ease about the security of their assets.
The 2024 crypto bull cycle is quite different from those in 2017 and 2021. Previously, it was easier for retail investors to pick altcoins because most of the liquidity was focused on just a few options. Now, liquidity is spread across many more tokens, making the market more complex. This shift is why Alex Odagiu from Binance Labs advises investors to focus on the basics.
Immutable (IMX) Passport, a specialized web3 gaming wallet, has crossed 2 million signups. This reflects the growing demand among gamers and developers for user-friendly solutions in the web3 space.
Ignatius Widjaja, Head of Blockchain at Immutable, emphasized that while Passport doesn’t aim to be a comprehensive crypto wallet, it is uniquely suited for web3 gaming. Integrating smoothly with other wallets, it allows players to store assets securely while offering gaming-focused features. With advanced security measures in development, Passport aims to empower gamers with digital ownership.
Plus Wallet has entered the market with an unapologetically bold philosophy, championing ‘more is more’ in every aspect. It backs this claim by giving users greater control, freedom, and rewards through every feature. One of its key features is, "Swap to Earn," which allows users to earn rewards with each swap or trade they make. This means that frequent trading does more than just move assets, it also provides direct financial benefits.
The platform also has a sharp focus on security and efficiency. It employs advanced encryption and two-factor authentication for strong protection. And on top of it, Plus Wallet’s token listing speed is just 15 minutes. This is a huge improvement over traditional wallets, which can take weeks for the same task.
This combination of reliability and an innovative reward structure has attracted whales to the platform. The swapping rewards vary depending on the transaction, with no cap on the number of trades users can make. Industry whales are taking advantage of this potential for unlimited rewards. By allowing traders to maximize earnings with each swap, Plus Wallet is carving out a distinct name as one of the best decentralized crypto wallets on the market. Its focus on delivering more than just basic services makes it a strong choice for traders looking to get the most from their investments.
As the potential bull run approaches investors could use Binance Labs’ Alex Odagiu’s advice, as a useful guideline for investing carefully in their next projects.
But picking the right storage option is just as important as picking the right asset. Immutable’s IMX passport’s security measures are still in their development phase, yet it's a popular option among gamers.
However, whales holding high-stake assets have trusted Plus Wallet. Its innovative rewards program allows holders to grow their assets by simply using the platform. Moreover, its security measures ensure that users have total control over their funds. These factors have effectively established it as one of the best decentralized crypto wallets for active traders.
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