Recent surge analysis of #BR
BR price has soared recently, mainly driven by two forces: First, Binance launched the BR perpetual contract, and trading immediately became popular, with a significant increase in volume; Second, its own ecosystem is expanding, with solid actions such as cross-chain bridging and new lending protocols being launched one after another. In addition, the platform occasionally launches fee cashback promotions to attract funds, and funds naturally rush in.
Long-term holding perspectives and risks
Technically, BR does have something to offer, using a hybrid consensus mechanism to ensure speed and security, and a smart inflation control model to regulate supply. The application is also not bad, and there are many places where it can be actually used. But there are also problems: The team's identity is hidden, and the competition pressure is great when encountering tough characters like TRON and SOL. The entire crypto circle itself is particularly prone to tossing and turning, and price roller coasters are common.
What to think about buying and selling?
If you really optimistic about the DeFi track and are not afraid of short-term price fluctuations, then it is understandable to play with a small position. If you can't bear this kind of violent fluctuation, or just want to be stable, then it's best not to touch it for now, and it's wiser to watch more and move less.
Sharing is better than enjoying alone. Only when you reach out, can I help you get ashore!!
SUI TURMP BONK PEPE OM SOL PNUT
