CZ is released from prison early. Can $BNB lead a new market?
With CZ about to be released from prison, it is generally believed that BNB will have a certain room for growth. So in the context of the bull market, can BNB lead a wave of market?
As a leader in the public chain, Binance Chain has always attracted much attention, thanks to the strong popularity of Binance Exchange. The public chain sector has always been the focus of competition in the blockchain field. A successful public chain can not only attract a lot of funds and popularity, but also influence the development trend of the market through its own ecological construction.
After the emergence of Ethereum Chain, smart contracts became popular and coin issuance became simple. After Binance Chain became popular, the number of projects that the Pink Platform could sell in a day was countless. The success of SOL and other chains later opened up the Layer2 technology competition. Low fees and high speed became the standard for new public chains.
Behind these projects are huge profits, which have created many millionaires, which is also the reason why many people enter blockchain investment. It is possible to gain huge wealth with a small investment.
However, since FTX crashed, SOL plummeted, and the performance of public chain projects has not been very good. Although the projects are developing well, new public chain projects such as APT, ARB, and CORE do not seem to be popular with ordinary investors, and their prices continue to fall without a breakthrough.
In fact, there are two main reasons for the decline of so many high-quality public chain projects. First, the scale of market funds shrinks in a bear market environment and cannot support so many high-market-value projects. Second, there are too many positions held by institutions and investors in the early stage of large public chain projects, and retail investors have lost the opportunity to make a small profit and are not interested in such projects.
However, the arrival of the small bull market will gradually break this deadlock,
