In the past two days, the market has been slightly volatile, and everyone's mentality seems to be a bit shaken. What’s more, it directly points the finger at Binance’s recent increase in the number of new coins listed.
When it comes to market corrections, there are many reasons, but there is a very straightforward reason that is often overlooked - that is, "if it rises too much, it will naturally fall." Since the fourth quarter of last year, the price of Bitcoin has continued to rise, setting a record of 7 consecutive positive monthly lines, even exceeding the 6 consecutive positive records of the 21-year bull market. With such a strong upward momentum, is it just because Binance has recently launched several new currencies that the market needs to pull back? If Binance stops launching new coins, can we witness 8 consecutive positive lines, 9 consecutive positive lines, or even endless gains?
There is really no need to discuss this issue too much. There are always people who like to find reasons to criticize Binance, but as a leading exchange in the cryptocurrency field, Binance will naturally encounter challenges of one kind or another in its development.
Every fluctuation in the market is the result of multiple factors, not the impact of a single event. Let us look at market dynamics more rationally instead of simply finding a "scapegoat".
As a loyal Binance investor and long-term#BNBHODLer, I think we should have a good discussion around #BNB.
1.#BNBprice performance
Last bull market cycle (2020-2021)
BTC $3782 -> $69000 (+1824%)
BNB $6.3 -> $691 (+10968%)
Is it understandable that #BNB's increase in the bull cycle exceeds that of #BTC?
This bear market cycle (2021-2023)
BTC $69000 -> $15476 （-77.5%）
BNB $691 -> $183 （-73.5%）
Is it understandable that#BNBis more resilient than#BTCin bear market cycles?
This bull market cycle (2023-2024)
BTC $15476 -> $73777（+476%）
BNB $183 -> $645（+352%）
Looking at this number,#BNBis now only 7.1% away from its all-time high of $691, and the gap to Bitcoin's increase is only 14%. Think about the circumstances under which this was achieved? With the epic benefit of ETF, Bitcoin is almost like a rocket booster soaring into the sky. And what about #BNB? It is facing the decision of its cousin to sacrifice himself to protect Binance at all costs, as well as a huge fine. In such adversity,#BNBstill shows amazing resilience and growth potential.
At the same time, don't forget that if you continue to participate in Binance's IEOs in the past year or two, the 14% additional income is almost within your reach. So, despite the difficult conditions,#BNBcan still outperform #BTC.
2. About Binance IEO Primary Market
Since Binance restarted IEO in 2019, we have witnessed the rise of countless projects. From the initial speed and passion rush, to the fair lottery method, to the current sunshine, Binance has always been innovating.
Take a look at these popular projects: #FET, the hottest project in the AI field, was Binance’s IEO in March 2019. Polygon, a public chain giant, also started through Binance in April of the same year. There is also the Metaverse’s hot SAND, INJ in the DeFi field, and AXS, the pioneer of GameFi - the returns of these projects are simply explosive, and I won’t list them one by one.
Binance has indeed added a lot of new currencies recently. Although no one can guarantee that every project will be successful, it is too early to draw conclusions. Let us give time and the market some space to make the final judgment. As investors, opportunities always exist. Among these new projects, perhaps we can dig out the next treasure that will be worth ten or a hundred times more.
3. About Binance Secondary Market
"Peak at the opening", "Binance is the last stop" - these were the labels of Binance. However, if you try to sell new coins as soon as they are opened, do you often feel that you have sold them at a high price? Or have you vowed "never to sell next time"?
I don't know if you have seen the changes in Binance that I have seen. The current secondary market of Binance gives us more opportunities to observe, learn and enter the market accurately. Success lies in seizing opportunities, rather than blindly following the trend. This not only tests our judgment of market fluctuations, but also tests our patience and strategy.
4. Ending
I am just a small leek in the market.
@cz_binance
Said that for him there is only#BNBin this life.
@heyibinance
I was working for a#BNBhodler from the beginning to the end. I just chose to believe it.
If you don't like Binance, please be gentle with your words. The circle is small and the industry is fragile. You don't know who will come to make a profit tomorrow. Let's make the pie bigger together and don't let people outside the circle laugh at us. If you are digging and scolding, don't you feel guilty?
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