I posted this morning, how did <sui start his journey to heaven with his left foot on his right foot?> and <after clearing out his position in sui, why did he choose to open a position in arb?>
The main reason why I chose to publish the article about arb first is that they are both primary and secondary chains, which makes them easier to compare.
After the clearance, the reason why I chose cake is not so easy to write. However, I will try to write it out.
Earlier, I wrote an article about <BNB's challenge: Balancing the development of BNB on exchanges and on the chain>,
In fact, a better title might be <Binance's Challenge: Balancing BNB Development on Exchanges and Chains>,
Friends who haven't read it can turn to read it.
To sum it up in one sentence: blockchain, in the final analysis, is a chain; the prosperity and development of the chain is the fundamental.
Obviously, Binance is aware of this problem and is also steadily advancing how to prosper the BNB chain.
From Megadrop to slisBNB staking support launchpool, they are all intentionally stimulating on-chain activities.
So, to prosper the BNB chain, cake is indispensable. This is the prospect.
Now that cake has created an IFO, it can be seen that cake is making trouble.
Cake’s market value is 540 million, and the fully unlocked market value is 900 million;
Not to mention anything else, just putting the Cake app in a prominent position in the Binance wallet may cost more than this price. You must know that Binance’s traffic is too large.
A random meme can be worth hundreds of millions, or even more than 1 billion, but the market value of ba's second son is only 500 million.
In addition, Cake is actually profitable. Some people may ask, what does Cake's profit have to do with us?
Cake will use part of its profit to buy cakes and destroy them. Cake's profit can be regarded as a long-term continuous buying fund.
The main reason for buying Cake now is that Cake has almost adjusted. If BTC goes up, Cake will break through the bottom range.
