The Glory of BNB is No More
I am a die-hard fan of Binance Coin, but now I have to say that Binance's pricing power is shrinking, and BNB's returns are not what they used to be.
In the past, whether a project could get listed on Binance was the gold standard for judging its quality. Once listed on Binance, liquidity would be there, and the token price would surge. But now, many projects that get listed on Binance see their prices drop continuously, with fewer and fewer buyers. Furthermore, exchanges like Bitget also have new tokens with market caps that are not inferior to Binance, and listing on Binance is no longer the only way out.
Take the recent Puffer and Grass for example; neither of them is listed on Binance. Puffer has a proportion of 2.7% on Bitget Launchpool, while Grass's FDV peaks are 800 million and 1.8 billion USD respectively. Now, let's look at Binance's recent Launchpool; Kati, Hamster, and Rolling have FDV peaks of around 1 billion USD, and the gap isn't that big. Project teams spend a lot to get listed on Binance (often over 5% of their tokens), but the results may not be that great.
So, spending a lot to get listed on Binance may not be as good as directly finding a way to boost the token price! This time, Grass's airdrop set a good example for other project teams, benefiting retail investors, institutional investors, and project teams alike.
SWELL is also like this; after being launched, its FDV rose from 300 million to nearly 700 million USD, which is better than being listed directly on Binance.
Binance is now relying on draining project teams' resources to strengthen BNB, but with this approach, how can the token price rise?
Recently, I plan to ambush a potential coin that is ready to explode; doubling my investment should be quite easy. I am also looking for some potential coins to hold until the end of the year, expecting over 10 times growth is not a problem. If you want to keep up, leave a message, follow, like, and share selflessly.
