TechFlow news, Binance Research has released a new report highlighting nine key indicators to watch for determining whether a bull market is emerging.
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The total market capitalization of the cryptocurrency market has increased by 110% year-to-date, exceeding $870 billion. The market has risen 55% since the beginning of the fourth quarter, reaching $596 billion.
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Stablecoin supply is experiencing positive growth for the first time since the first quarter of 2022.
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NFT trading volume surged 200% month-on-month in November, with Bitcoin becoming the most popular chain, recording over $375 million in NFT trading volume, surpassing Ethereum's $348 million.
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Fees from the top 20 crypto projects rose 84% in November, DeFi total value locked (TVL) increased, and its market share grew 18% month-on-month.
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News around spot Bitcoin ETFs appears positive, with market expectations pointing to approval in January, while the April Bitcoin halving represents another critical milestone to watch.
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Many Layer-1 blockchains are outperforming Ethereum, with Solana and Toncoin showing particularly strong performance.
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Real World Assets (RWA) are becoming increasingly significant, currently accounting for more than 49% of assets on MakerDAO's balance sheet.
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Zero-knowledge ("zk" or "ZK") technology is gradually gaining importance.
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U.S. interest rates are at their highest level in 22 years, but markets expect rate cuts next year.
