Four months ago, I initiated a grid trading strategy for SOL/BNB. This choice stemmed from observing that the two currencies have significantly different upward rhythms:
Characteristics of BNB:
- Mainly driven by LaunchPool projects
- Representing a phase-based pulse-like increase
- After an increase, there is often a pullback
Performance of SOL:
- Closely related to the popularity of Meme coins
- When the Meme coin market is active, SOL tends to strengthen accordingly
- Performance has been exceptionally strong in the last half month
Current status of grid trading
Due to SOL's recent continued strength, my grid trading strategy has almost completely shorted SOL's position.
For BNB, it indeed needs to "step up" now. In the previous two confrontations, SOL briefly surpassed BNB's market cap but failed to sustain it. However, this time the situation may be different:
- SOL has shown extremely strong momentum
- The market cap gap is continuously narrowing
- This time, the surpassing may become permanent
- The future gap may continue to widen
BNB quickly needs to launch a Launchpool to boost BNB!
