Does criticizing Binance solve the problem?
Binance was very slow in the past; a single pool could take a month before it launched, which is not the normal pace of a bull market. Now, it has simply returned to a frequency similar to Coinbase and others.
Since December
Coinbase has launched 8 new coins: $MOODDENG, $MOG, $TURBO, $GIGA, $MOVE, $ME, $PNUT, $PARCL
Upbit has launched 5: $RENDER, $SWELL, $ME, $MOCA, $VANA
Bithumb has launched 8: $VITUAL, $ORDER, $NEIRO, $MORHO, $SUNDOG, $SCR, $RON, $MOCA
Bybit is not worth mentioning; it basically hasn't stopped.
Binance has launched 7: $THE, $ACX, $ORCA, $ME, $VELODROME, $VANA (Cat and Penguin are not included because the Penguin will likely be listed, just not announced yet.)
Many projects have been waiting in line for a year, hoping to go public when the market is good. Digesting these backlog projects is a problem this bull market must face. If only other exchanges are allowed to launch and Binance is not, that is also unrealistic.
It’s better to shift our thinking to: how can we participate in this wave of new coins and profit.
1) Hold platform tokens
Most new tokens will still be distributed through CEX, so holding $BNB, $BGB, $MNT to participate in new launches or receive airdrops is the most direct way.
2) Predict projects that will be launched and hunt for airdrops
Each new coin will have a need to build a community in the early stages. Predicting which projects have potential, especially those with potential for major exchanges, helps find the best way to hunt for airdrop qualifications. For example, $VANA's NFT #3 was minted for almost no cost, and the secondary market remained cheap until Binance announced it. The Penguin $PENGU had ample time to buy NFTs and prepare in advance.
3) Assess secondary market trends and participate in the game
Projects that have already issued tokens often still have opportunities when officially announced, the most typical example being $THE. In addition, many recently launched projects in the secondary market have not simply dropped straight down; instead, there might be a wave of increases. Of course, we shouldn't just be left holding the bag. If you think VC tokens are bound to fall, shorting at a high position is also a way to profit. (Secondary trading has risks; one should weigh their ability and understanding.)
Currently, the projects I am involved with include: babylonlabs_io, SolvProtocol, fuel_network, StoryProtocol, myshell_ai, etc. Additionally, I am selecting projects from the Aptos/BSC/SUI/Hyper ecosystem.
Since we cannot choose the environment, we should try to adapt to it. At least it is much better now than the period mid-year when we saw no profit effect at all.
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