📢 While the cryptocurrency market was calm, one coin soared. Yes, Build On BNB, better known as BOB, has shown impressive growth. But here’s the question: is BOB the next rocket crypto coin or a house of cards on the verge of collapse? 🚀🃏
Imagine this: out of nowhere, BOB shows an 18% increase in 24 hours, while the rest of the market barely moved. How did this happen? Honestly, it is an explosive mixture of three things that drive traders crazy.
First, Binance threw a golden lifebuoy by launching perpetual contracts on BOB. This is no small feat. It’s like suddenly being allowed to bet 50 instead of just 1 dollar. The risk and reward increase 50 times! 🤑 This attracted a bunch of shark traders, and trading volume doubled!
Secondly, BOB has started to work. It has not remained just a meme coin. It has fully immersed itself in the world of DeFi with the Solv Protocol. What does this mean? Now you can use your BOB to earn yield, just as if you had put them in a savings account that yields 6.6% per year. This gives it real utility, not just as a digital mascot.
And third, the taste of a meme coin that does not fade away. In the midst of the "Altcoin Season" (the time when small coins soar like yeast), BOB has become a favorite for many. Its narrative "let's make BSC great again" and its mascot make it super appealing to the public, which is pure gold in the world of memes.
And there is one more advantage: Bob on the Binance futures market is listed as a Binance project together with a Binance intern. In addition, it has a clean smart contract with no possibility of rug pull. Therefore, it is not appropriate to speak of Bob as yet another simple meme project, of which there are hundreds of thousands in the world of cryptocurrencies. Also, there is no need to worry about its market supply due to the growing potential and the increasing daily number of holders. Perhaps right now the supply of 420 trillion sounds shocking to someone and instills uncertainty. But believe me, with the growing demand for a safe and progressive coin, this is not so much.
