The cryptocurrency market works in cycles, usually dominated by one or two leading narratives to gain protagonism. As a new bull market begins, investors look to identify the next crypto narrative, while Binance hints at payments.
Notably, a new category surged on the Binance Markets‘ page, listed as the second category right after “Meme.” Meme coins, together with Layer 1 Web3 and DeFi blockchains, were part of the dominating narratives in 2021’s cycle.
The recently added category is “Payments,” bringing a flame icon next to it, suggesting a hot trend in Binance’s eyes. Interestingly, the centralized exchange positioned the Payments category before artificial intelligence (AI), which earned investors’ attention in 2023.
According to the platform, only nine cryptocurrencies listed on Binance have payments as their focused solution. In particular, Bitcoin (BTC), Ripple (XRP), Bitcoin Cash (BCH), Litecoin (LTC), Coti (COTI), Alchemy Pay (ACH), Nano (XNO), Pun
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