Two logics for bullish BNB to reach a market value of 300 billion: currency circle logic and product logic
I remember the first time I wrote about BNB in the public account "Xiabibi's Bitcoin World" was on July 25, 2020, four years ago. It has been almost exactly one bull-bear cycle since then. The title was "BNB is on the road to a market value of 100 billion US dollars". At that time, the price of BNB was around US$17, and the market value was around US$2.7 billion. Looking back at the trend of BNB in the past four years, the market value exceeded US$100 billion in May and November 2021 (the highest price of BNB was US$676), and then went through the bear market with a market value of US$31.6 billion. Recently, it has risen back to US$89 billion, approaching US$100 billion again. The previous round of price predictions for BNB have basically been realized.
BNB’s new breakthrough, the third storage public chain BNB Greenfield white paper is released
Unexpected
Binance’s plan to launch a public storage chain is somewhat unexpected. It is a scenario that I had not predicted before. It also surprised many industry analysts and there was no sign of it in advance. But this is Binance’s way of doing things, do it first and talk later. Binance’s size occupies almost half of the crypto industry, its position is higher, and its strategic vision naturally looks further than analysts. From an industry perspective, it is important to understand and interpret this matter. At this point, Binance (BNB to be precise) already has three public chains.
The first public chain (BNB Beacon Chain): launched in 2018, a public chain system developed based on cosmos sdk, now called BNB Beacon Chain, focusing on the on-chain DEX trading system. This is Binance’s earliest public chain system. CZ publicly stated as early as 2018 that the future of the exchange is decentralized. This is the first step in Binance’s strategic layout of shifting CEX to dex. This public chain has achieved Three major functions: 1. Turn BNB from ETH's ERC20 into a native basic asset of the public chain; 2. Realize Token issuance; 3. Realize on-chain transactions of Dex.
I have already milked two cycles of bnb, during the last cycle when it was over ten dollars, I wrote on my public account that I saw a market value of 100 billion dollars, and currently this goal seems to be coming soon, the next goal is 1000 dollars each.
Absolutely, Americans want to go all out. Binance is unavoidable, Coinbase has no international market.
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Expectations, it is obviously being undervalued now, and it cannot be ruled out that there are indeed institutions discussing the acquisition of partial equity.
The renaissance of the cryptocurrency world is really coming. Recently, coins like XRP, ADA, XLM, and LTC that have been performing well are all old coins that have undergone at least two rounds of bull and bear markets, with some even experiencing three cycles. According to the Lindy effect theory, what doesn't kill me makes me stronger; the longer a coin survives, the greater its chances of surviving in the future. Many seemingly popular and trendy coins do not survive even one cycle. After this round of newcomers enters the market, if they feel that BTC is too expensive, they are very likely to prioritize entering these historically significant old altcoins.
There has been a paradigm shift in the cryptocurrency world. The traditional altcoin/BTC and ETH/BTC exchange rates have lost their guiding significance for the copycat market, and the main players in the cryptocurrency world have changed.
Today I was chatting with someone in the domestic auction industry. He mentioned that business has been bad in the past year and is expected to be worse next year. Some customers have stopped investing their money in the business and bought BTC instead. They are satisfied even if the return is only 20%. Therefore, although this price is a historical high, there is still continuous new money buying, because for them, how cheap it was in the past is not important to them. How expensive it will be in the future is what matters to them.
The price of Bitcoin (BTC) purchased with the local currency of each country is the most accurate exchange rate for that country, rather than the officially published rate.
After looking at the positions, the market value of BTC is reaching an all-time high, while the BTC ecosystem is actually at an all-time low. Does ETH need an ecosystem while BTC does not?
Dogecoin doge doubled in three days, really won't waste any bull market. One highlight of this round, can Dogecoin reach a market value of 100 billion dollars? Perhaps even the founders who developed Dogecoin back in the day never imagined that 🐶 could develop to what it is today.
Trump’s victory in the US presidential election could have a significant impact on the cryptocurrency market. Trump has expressed a pro-crypto stance, suggesting that if his administration implements crypto-friendly policies, it could have a positive impact on the industry. During his campaign and post-election statements, Trump advocated for the United States to become a global leader in cryptocurrency. He proposed pursuing more liberal leadership at the Securities and Exchange Commission (SEC), which could lead to a more favorable regulatory environment for cryptocurrencies, including loosening restrictions and potentially expediting the approval of crypto-related products such as exchange-traded funds (ETFs). . Such a change could directly benefit specific cryptocurrencies, such as XRP and Solana, as their associated ETFs await approval and potentially achieve more favorable outcomes under the Trump administration. Trump’s broader economic policies, such as deregulation and tax cuts, may also create an environment that increases institutional investment in cryptocurrencies, potentially driving their value higher. However, it is worth noting that Trump was less friendly towards cryptocurrencies during his last term, and his recent pro-crypto stance may be seen as a strategic move to attract voters and donors from the cryptocurrency community. Therefore, while the outlook for cryptocurrencies looks positive under Trump’s presidency, investors are advised to remain cautious and pay close attention to how his policies unfold.
Due to the halving every 4 years, Bitcoin's price has historically shown strong cyclical patterns. Each new high is generally several times the previous high. However, due to the increase in market capitalization, this multiple effect has been decreasing year by year. The peak of the bull market in 2021 was just over 3 times the peak of the bull market in 2017. Historically, it is expected that 2025 will be the peak of this cycle, with a rational estimate being between 2 to 3 times the previous peak, leading to a price range of approximately $140,000 to $210,000. Of course, we cannot rule out a FOMO surge past $210,000. If you have chips in hand and do not urgently need the money, there is no rush to reduce or liquidate your position this year; it might be better to wait until next year to make a decision.
BTC is for holding, ETH is for spending. Understanding this allows you to understand the exchange rate between the two. The Ethereum network is useful, but ETH itself is not a worthy asset to hold. In the future, the assets running on the Ethereum network will far exceed ETH itself. For example, if I need to transfer 500 USDC to a friend, I only need a little gas, so it's enough to buy a small amount when needed. There's no reason to hold it. In the future, when smart wallets emerge, they will directly deduct U as gas fees, eliminating the need to buy ETH, making holding it even less necessary.
There has always been a magical existence in the crypto world, it is a public chain, without DeFi, without GameFi, without an ecosystem, and it cannot issue tokens. Currently, the only users seem to be trading on major centralized exchanges, with a daily trading volume that is not low. Moreover, its market capitalization has consistently ranked in the top ten since 2017, never dropping below that. It is XRP. Can anyone tell me why? How should we understand this token?
How bad are altcoins this year? At the beginning of the year, the Layer 2 network asset nostr issued by BTC, the Bitcoin Layer 2 network, was a hot topic with new narratives and concepts, reaching a peak of 10,000 USD. Now it is only 250 USD, a drop of 95% in less than a year. Diamond hands, hands that lose money. Will it be able to rise again in the future?