With Binance founder CZ about to be released from prison, Binance-related tokens may see a sharp rise. Although he has resigned as Binance CEO, CZ is still the representative of the exchange. After his release, the tokens on Binance Smart Chain (BSC) are expected to enter a new round of explosive growth. This article analyzes 5 currencies with great potential for you, which are worth starting to layout now.
Time flies, it seems like yesterday we were shocked by CZ's imprisonment, and now he is about to be released. This event is bound to have a significant impact on the market.
Even though CZ has resigned as CEO of Binance, he is still a symbolic figure of Binance. Therefore, tokens related to Binance or CZ may bring lucrative profits.
Recently, meme coins on BSC have gradually become popular. With CZ's release from prison, tokens on BSC may usher in a real bull market. Based on this, I have selected 5 Binance ecosystem tokens with great potential and recommend investors to start paying attention.
① $BNB ➬ @BNBCHAIN
As the world's largest cryptocurrency exchange, Binance not only provides a trading platform, but also has built a complete ecosystem covering Binance Smart Chain ($BNB), Binance Academy, Trust Wallet and multiple research projects, promoting the application of blockchain technology.
Key Stats:
Market cap: $73.1 billion
FDV: $73.4 billion
Circulation rate: 73%
② $CAT ➬ @SimonsCatMeme
Simon’s Cat Token is an officially licensed meme coin with full intellectual property support of the well-known IP "Simon’s Cat", dedicated to bringing the brand to the Web3 space while supporting cat rescue projects around the world.
Key Stats:
Market cap: $148.5 million
FDV: $176.7 million
Circulation rate: 75%
③ $PENDLE ➬ @pendle_fi
Pendle is a protocol that allows future returns to be tokenized and traded. Through an innovative automated market maker (AMM) that supports time-decaying assets, Pendle provides users with more options for managing returns.
Key Stats:
Market cap: $430.4 million
FDV: $725.46 million
Circulation rate: 60%
④ $CAKE ➬ @PancakeSwap
PancakeSwap is the most popular decentralized exchange (DEX) on Binance Smart Chain. In addition to cryptocurrency exchange functions, it also provides functions such as yield farming, staking, and lottery to help users earn more income.
Key Stats:
Market cap: $444.1 million
FDV: $644.95 million
Circulation rate: 60%
⑤ $TWT ➬ @TrustWallet
Trust Wallet is a secure self-custodial wallet that supports the purchase, trading, storage, and management of cryptocurrencies, memecoins, NFTs, etc. Due to its close association with Binance, it may see a significant rise in the future.
Key Stats:
Market cap: $336.36 million
FDV: $809.83 million
Circulation rate: 41.68%
in conclusion:
With Binance founder CZ about to be released from prison, the market has high hopes for Binance-related tokens. Although CZ has resigned as CEO, he is still a symbol of Binance, and this event may trigger a sharp rise in tokens within the Binance ecosystem. In particular, meme coins and core tokens on the Binance Smart Chain (BSC), such as $BNB, $CAT, $PENDLE, $CAKE, and $TWT, have the potential to stand out in market fluctuations. Now is the best time for investors to pay attention to these tokens and make arrangements, looking forward to getting rich returns in the future bull market.