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Binance has recently launched a token called $BOB, which stands for Build On BNB. Simply put, it's a project aiming to build within the Bitcoin ecosystem, sounds quite impressive, right?
Let's discuss its recent situation:
Binance has listed the BOB/USDT perpetual contract, allowing a maximum leverage of 20 times, indicating that the platform has given it some attention.
However, its price trend isn't very ideal, as it dropped over 20% yesterday, and the market sentiment is already weak, so its performance can be considered to have 'slumped' along with the broader market.
Let's share our thoughts among friends:
Opportunity: After all, it carries the two popular concepts of 'building on BNB' and 'Bitcoin Layer 2'. If the ecosystem can truly develop later, there might be a story to tell.
Caution: In this market, everyone is quite cautious. A new coin, especially this kind of conceptual project, can have extremely volatile price fluctuations. 20 times leverage at this time feels more like a faster 'sickle'; we ordinary players should just watch and not touch it easily.
In summary,
BOB is considered a new student with topics to discuss, but it has been born at a bad time. In the current market, its short-term trend is more driven by emotions, and the variables are significant.
Therefore, my suggestion is: we can first add it to the observation list, watch more and act less. Wait until the overall market sentiment stabilizes, then see if it has real capabilities. For now, keeping a tight wallet and maintaining patience is more important than anything.
I hope this casual chat can provide you with some reference. The market is tough, let's maintain a good mindset together! #Bob
BTC has broken through W FVG, the long article's view on 11/18 remains unchanged, now looking at 74k. If 74k breaks as well, I will acknowledge the bear market. But the bear market doesn't just keep going down; if you're stuck, just run as soon as there's a small rebound, and then head back in again.
I am ready with bullets to buy the dip at 30-40k BTC next year. Soon, there will be a second FTX, soon there will be a second Luna, soon there will be a second Three Arrows Capital.
In fact, if you're prepared in advance, the bear market isn't that scary; a bear market doesn't mean the end of crypto.
Web3 is still the future; after every washout, $BTC will only come back stronger, you just need to make sure you're still around at that time. 💚