Can Megadrop drive $BNB to 1k?
Short answer: YES IT CAN!
What is Binance Megadrop?
Binance Megadrop is a new token launch platform that seamlessly integrates Binance Simple Earn and the Binance Web3 Wallet, reinventing the airdrop experience. Megadrop grants users early access to select Web3 projects before they are listed on Binance.
How can Megadrop help $BNB increase its price by almost 100%?
In the past, one thing that helped BNB to increase its price was the Launchpad, and the way that Launchpad works is very different from how Megadrop works.
One crucial difference is that the Launchpad locks the BNB for about 4 to 6 days. On Megadrop, your BNB is locked for 30 to 120 days, and the longer it is locked, the better your score and the more points you will earn, thus the more tokens you will get.
Another important thing is that the BNB locked will also be available to the Launchpad, meaning that the same BNB can give you tokens on multiple projects simultaneously, and both products will continue to work side by side.
So, if you have a great chance to get many free tokens from several projects just by holding BNB, what will happen in the future?
BUY, BUY, BUY
LOCK, LOCK, LOCK
The buying pressure + taking the BNB out of circulation will pressure the price to increase.
The sky is the limit once the previous ATH (691$) is achieved.
The overall dynamic of the Crypto Market on the post-Halving and the quality/quantity of the projects that Binance brings to Megadrop/Launchpad will have an essential role on the price, but if the stars are aligned, I believe that by October, the BNB can be at 1000$
