Binance Wallet Retires Inscriptions? Binance Wallet's Influence Can Be Ignored.
The retirement of inscriptions by Binance will not have a significant impact on the inscription market. The Binance Wallet has virtually zero influence in the Bitcoin ecosystem, and it is not just the inscriptions; the Binance Wallet is generally subpar, with negligible impact on the blockchain.
There seem to be quite a few floating chips for inscriptions, which is why I am reluctant to choose to invest in inscriptions during this round of market activity. After this event, everyone should take a bit off the table, and later when trading in the Bitcoin ecosystem, raising the stakes might be a good choice.
How to evaluate inscriptions? For those who have been tracking inscriptions since last year, they appear to be priced like a luxury item. Although this event may wash out some floating chips, and the subsequent rise will likely follow the Bitcoin ecosystem, it doesn't evoke much feeling...