Recently on @BNBCHAIN, popular MEME tokens such as $TUT, $UUU, $CTD, $ROOMCON and $100M have set off a long-awaited wave of enthusiasm, the on-chain transaction volume has increased significantly, and transactions on @UseUniversalX have also become much more frequent. Although the market is still dominated by short-term PVP speculation, compared with the dull state in the past few years, the overall on-chain atmosphere has become significantly more active🔥.
However, along with the popularity, problems have gradually emerged, such as the insider trading incident of Binance employees and the halving of the listing price of Binance Wallet Alpha Call, which made many Builders begin to question whether it is worth continuing to build on the Binance Chain.
Is it better to be a Builder or is it more practical to be a Trader?
If you are a Builder, you must be clear about your original intention for this project and whether you have the ability to withstand market fluctuations and the test of human nature. The recent craze for MEME coins may briefly boost on-chain popularity, but this kind of popularity usually comes and goes quickly. If you want to operate in the long term, you must consider how to convert short-term traffic into long-term value to avoid falling into the dead silence after rapid hype.
As long as traders know how to clearly define their trading boundaries, avoid being affected by short-term FOMO emotions, set stop-profit and stop-loss, abide by disciplined trading, and be responsible for their own wallets, they will be fine.
This round of BSC SUMMER was not brought by any @binance product, but by @cz_binance and @heyibinance themselves acting as KOLs, bringing traffic to the MEME on their own chains and playing the role of leading CX. I have to say that it did work, but it also made many people mock that their products were not well polished, but their CX capabilities are first-rate.
It is undeniable that the changes made by CZ and He Yi have indeed brought Binance closer to its users and greatly increased the activity of the entire community. However, if Binance wants to truly maintain this popularity in the long term, it should think about how to transform the current short-term MEME craze into long-term sustainable ecological incubation. After all, PEPE’s successful case has proved that as long as one or two truly valuable and consensus-based MEME coins can be successfully incubated, it will be able to drive the ecology and popularity of the entire chain and attract more Builders and Traders to continue to participate.
What Binance Chain lacks most at present is not short-term traffic, but long-term value accumulation and ecological construction. If Binance can take advantage of this wave of enthusiasm and effectively convert short-term traffic into long-term community consensus and ecological value through live broadcasts, AMAs, etc., it will be a win-win situation for both builders and traders.
With the arrival of the Jiu Zi Li Fire Luck in 2024, the sentiment and heat of the entire market may further increase. If CZ and He Yi can make good use of live streaming and AMA to promote the exposure of various products under Binance, and continue to discover and support potential MEME projects on the chain, amplify the current benefits, and attract more new users and project parties to join the chain, BSC’s return to glory is just around the corner.
After all, the current platform coin prices of major exchanges are still a long way from $BNB. Whether $BNB can truly reach a new four-digit high depends on whether Binance is willing to be proactive in this wave of enthusiasm, run at the forefront, and transform short-term MEME popularity into long-term value accumulation, so that the entire BNB Chain ecosystem can truly mature and prosper.
