Open Air

The cryptocurrency market will crash in 9 hours! Binance is taking action again!
Why am I so sure it will be in 9 hours? Because Binance has launched another new coin, and it's another highly valued VC coin. Coupled with the Christmas market closure in the U.S. and the temporary withdrawal of holiday funds, I can't imagine how far this crash will go. Originally, the crash wouldn't have come so quickly; the impact of Christmas is less because there was already a crash a few days ago, so it wouldn't be too significant. At most, it would consolidate for a few days. Now, it’s clear that Binance has provided a significant boost by launching a new coin. The launch of new coins on Binance does little more than stabilize the price of BNB and provide small benefits to BNB holders. It will continuously deplete market liquidity, making altcoin bull runs distant and leaving new investors with no profits to make. The end result will be that Bitcoin continues to rise while altcoins are always hitting new lows. Gradually, the cryptocurrency market will be replaced by Bitcoin, and there will no longer be new investors participating in other altcoins. By the time Bitcoin is fully institutionalized, people won't be interested in altcoins anymore, and Binance won’t be able to profit from them either. Not to mention stabilizing BNB's market cap at 800 billion. Anyway, I won't touch altcoins anymore; everyone, good luck to you all.