$BAS is the native verification and reputation layer of BNB Chain, supporting on-chain KYC, identity, and asset proof for RWA, DeFi, and token issuance—built specifically for scalability and compliance within the Binance ecosystem.
This coin was just listed on Binance contracts yesterday and has been surging high, creating short squeezes.
Yong Ge believes it is more prudent to be bearish in the short term on this coin, why is that?
First, let's talk about the fundamentals: the team is anonymous, there is no VC backing, the presale data is dismal, and compared to similar projects, Galxe broke a hundred million early on; the sector is also outdated, on-chain certification demand is low, competition is fierce, and BAS has little chance of breaking through.
Then there is the usual pattern; Binance's presale pump is obvious, historical low-quality projects usually see their prices cut in half after a high opening, just like the popular coins on the Base chain, such as Virtual and Kaito, which all plummeted over 30% after a speculative surge. This coin's reasonable valuation is just over fifty million, but it will still be speculated later, and that will be the opportunity.
Finally, Yong Ge still reminds everyone that such low-quality projects often end up collapsing or running away, such as the previous Arbitrum and Mantie, which have seen flash crashes. If the BAS team cashes out and exits, the price could go to zero, so operations need to be cautious. It's hard to know which coins have potential; Yong Ge will make arrangements for that later.
Are you just toiling away alone? How can we get a tenfold opportunity? Hurry up and hit follow, keep pace with Yong Ge. Holding the latest information, specifically digging for potential coins, it’s better to keep close rather than waiting for the wind to come. Don't let the meat fall into someone else's bowl.
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