Just now, $B surged, and some people in the group were analyzing why; could it be that Binance is about to list it on the spot?
What year is it, dear? The Qing Dynasty has fallen; do you still think it’s the time of high premiums in Binance spot trading? Look at the recent $Haedal that climbed the ladder into spot trading, market cap 28.8M, FDV 148M.
$B, as a fully circulating token, has long surpassed the traditional value assessment framework of climbing the ladder. Its narrative has only one focus from start to finish, which is - $USD1.
Its valuation has always been closely related to leveraging USD1. Those who don’t understand naturally dare not buy the dip and cannot hold it because their valuation anchor is simply wrong.
A few days ago, Binance officially announced USD1, causing a local craze. Suddenly, everyone was eager to show their loyalty. I even thought more people were coming to share the $B pie.
As a result, last night I took a closer look, and the minting amount of $USD1 has only increased a very limited amount, which is inconsistent with the external momentum.
Looking again at the trading pairs for $USD1, wow, $B still occupies a large part of the market, and if we exclude stablecoin pairs, it’s basically a monopoly.
What does this indicate? It shows that the application of USD1 is still very early and hasn’t reached a level that could stir the water stored in the previous reservoir.
For a stablecoin, the amount of money printed = the ability to make money = influence. So even though attention has increased somewhat compared to before, worldlibertyfi cannot possibly be satisfied. The situation hasn’t changed, and there still aren’t enough people and projects sincerely starting to support the expansion of USD1.
Let’s think from another perspective: If I were Zach Witkoff and the worldlibertyfi team, what would I be willing to do to encourage the market to adopt my stablecoin more? If a project proactively expresses its willingness to fully support USD1, would I be willing to offer support, allowing it to perform excellently, thus attracting more projects to follow?
Some people said I jumped to conclusions a few days ago; just think along my lines, as long as the people of WLFI aren’t fools and are genuinely looking to do something, it would be completely reasonable for them to buy a little bit of coins from their own address to support $B.
It’s easy to curse a conspiracy, but independent thinking is hard.
In recent days, some market reactions can be seen, such as imitation projects following the BUILDonBsc_AI strategy for USD1, but the vast majority of project parties have not, or merely symbolically riding the wave.
In terms of trading volume, the one that made the most noise at that time, $STO, had a 24-hour trading volume of less than 60,000 USD1, while the slightly larger volumes were from the less vocally aggressive $BANK and $Merl, both around 600,000. And $B? 255M.
If trading volume reflects attitude, then it is clear who the true supporters are.
Let’s think from another perspective:
If it seems that the market still isn’t paying enough attention, then the best way to break the situation is to continue to set an example. So I think the worldlibertyfi wallet buying coins should not be the end.
Let’s see if they will continue to launch some measures to stimulate the market. This includes, but is not limited to, deeper support for USD1-oriented projects in the BNBCHAINZH ecosystem. $B has the opportunity to continue to showcase itself as a breakthrough hand for others.
This is also a great way to express gratitude and goodwill towards Binance for supporting USD1. Everyone knows how strategically important BNBChain is to Binance now, considering CZ almost retweets BNBChain data every day.
This logic is also very coherent and makes sense; let’s tentatively continue to call it an overt scheme.
I hope I’m not a naive dreamer 😂