#Binance burned another $636 million worth of tokens
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This sum don't correspond to reality - no, this is a lie, the truth is simply not obvious.
Do you think they really burned $6 billion since 2018? No. Selling tokens for an additional $6 billion was unrealistic. There is simply no infinite money in the market.
Therefore, all these funds are conditional. They don't exist. Imagine the head of a corporation. He has $1 billion in stocks, but if he just sells at least 20%, the remaining 80% isn't a fact that will be worth even $10 million...
This phenomenon is positive. Reducing the drool is a good thing. The only thing is, if they just burn commissions or a certain pool of tokens that were not in the market, it has no effect on the asset at all.
What is important in a crypto? Technologies? NO! Money and Marketing!
Who has real money in crypto? Exchanges. What about projects? Okay, and who serves them? Exchanges. Who has the best marketing? Hype projects? Yes! And where do you find these projects? Exchanges. Who is engaged in market making of altcoins? Exchanges, so they are their own m-makers for their own tokens.
Because of that I prefer to hold my bags in tokens from exchanges. My personal top-1 investment is WBT from Whitebit (33% of deposit).
Telos (7%) cannot be greater due to risks. And the risk isn't the size of the project (project is really great), but the fact that it is about only technology — a relative phenomenon, interest in which often depends only on marketing and randomness.
I hope I clearly described my logic. Follow to get more UNIQUE info!
Locally, as you can see, a bottom is formed. There is a clear area of resistance, most likely someone is still accumulating a position.
Local target $2, x10.
Even then, the capitalization will be only $700 million. Recently, an executive from MATIC joined the project as CEO! Remember, #MATIC🔥🔥 was pumped +40,000%