July 19, 2024 Grandpa checks in
If you hold BNB and deposit it into your financial account, you can check the number of Bananas you have received in the spot market. Because I put it in midway, I don’t know the specific rate of return. If the full cycle is expected to be 1% based on the current currency price, it can be considered an extra benefit. This Banana is a telegram robot, focusing on on-chain transactions, such as preemptive transactions, ambush transactions, smart money tracking, etc. Although there has been no concentrated outbreak of DeFi this year, it is undeniable that the entire crypto field is moving towards on-chain development, which is why Banana Gun has been favored by Binance.
Regarding BNB, I would like to mention here that after the CZ incident, the price of BNB has withstood the test. Therefore, among my personal holdings, there is a part of BNB that I do not plan to sell. This part is like a strategic reserve, which is a trust in the crypto field. I know that some people bought it at 200-300, some bought it at 500, and of course there are those who bought it below 30 US dollars. No matter what the price is, as long as this part does not account for too much of the overall position, it can be used as a long-term reserve to continuously generate interest.
In terms of the market, this wave of rebound is consistent with my prediction. It encountered resistance at the pressure level of 65,000 and fell back in the short term. Currently, Ethereum has fallen below 3,400. At present, what we need to pay most attention to is the strength of the callback, because after the previous plunge, the rebound to this position is generally the performance of the main force absorbing funds. If Bitcoin always runs above 60,000, then we will continue to wait for the arrival of good news. There is still a week before the Bitcoin Global Conference, and it is expected that good news will drive the market to break through.
According to Bitcoin Magazine CEO, Bitcoin will be supported by both parties in the United States for political reasons. In fact, after Trump’s open campaign, Biden’s team also intended to show goodwill. Of course, as Vitalik Buterin said, we should not expect or rely too much on this kind of support. After all, it will only become a tool, and the rise of encryption should rely on its essence, that is, technological breakthroughs. But anyway, this kind of friendliness is also what encryption needs. After all, who doesn’t want more money to come in?
Thank you for your attention and likes.
