BNB led the market yesterday. Will funds rotate in the order of BTC→SOL→ETH→BNB?
The altcoins of the SOL ecosystem have been hyped for several rounds this year, but the altcoin season of the Ethereum ecosystem has not yet arrived.
ETH once had a son named OP. ETH was powerful, but OP was even more powerful. However, recently the son may have grown up and no longer listened to his father (the Cancun upgrade has ended, the good news has been realized, and there is no room for speculation in the short term).
Will the BNB ecosystem be unable to hold back and start imitating SOL and let a hundred flowers bloom? Or will a BNB ecosystem’s own child emerge to lead the market, like OP did in the past?
In this article, I will sort out the 9 star altcoins of Binance in recent years to see who is the true son of BNB.
Several characteristics that can be classified as Binance copycats:
Binance Investments (including Binance Labs)
Selected by Binance LaunchPad, LaunchPool, and MegaDrop
Projects built on BNB Chain or opBNB Chain
Suspected Binance manipulation (pure guess)
Based on these characteristics, I classified them into four levels from T0 to T3, as shown in the table below:
T0
ID
Space ID, led by Binance Labs. Binance LaunchPad project. Token symbol $ID.
SPACE ID is building a full-chain universal domain name standard and a software development kit (SDK) to provide core solutions for Web3 through decentralized identity infrastructure and interoperability, taking Binance's .bnb domain name service to the next level.
In the domain name track, Binance classifies it in the "Infrastructure" sector.
Market value $418 million, FDV $1.513 billion, total 2 billion. The current circulation rate is about 30%. A new round of unlocking will start on June 22, with a total unlocking of 78.49M, accounting for about 12.98% of the current circulation. The selling pressure is still relatively large.
The increase from the bottom to ATH is 975.32%, and the current price is 58.88% lower than ATH.
Judging from the chart structure, ID is a bit weird. It is either sideways or violent, which is hard to catch.
EDU
Open Campus, led by Binance Labs. Binance LaunchPad project. Token symbol $EDU.
Open Campus Protocol is a community-led Web3 education protocol designed to tokenize the world's educational content by enabling teachers and creators to monetize the content they create. Open Campus Protocol's mission is to ensure that teachers are recognized for their contributions to society and to provide a global alternative education system for learners around the world.
Education track.
Market value $233 million, FDV $897 million, total 292 million. Current circulation rate is about 26%, no large amount unlocked, 2.15M released daily.
The increase from the bottom to ATH is 344.97%, and the current price is 46.28% lower than ATH.
From the chart structure, it is currently within the weekly wedge, and has not been able to break through the upper boundary of the wedge and reach ATH this year. In terms of growth, it is not as strong as ID.
ARKM
Arkham, invested by Binance Labs. Binance LaunchPad project. Token symbol $ARKM.
Arkham Intel Exchange is a decentralized intelligence market driven by smart contracts. On the one hand, users can request intelligence from the community by issuing bounties. On the other hand, bounty hunters can get rewards by submitting the required intelligence. The operation of the exchange involves four roles: bounty holders, bounty hunters, intelligence merchants, and intelligence collectors.
On-chain analysis tools, this year's round is mainly focused on the AI concept, and Binance is classified in the "Infrastructure" sector.
Market value is $584 million, FDV is $2.677 billion, and the total amount is 1 billion. The current circulation rate is about 21.83%, no large amount is unlocked, and 1.22M are released daily.
The increase from the bottom to ATH is 1282.79%, and the current price is 32.72% lower than ATH.
Since February this year, the increase has been extremely exaggerated.
Judging from the chart structure, the triangle convergence at the daily level is expected to break through.
I would like to call ID, EDU, and ARKM the new three sons of Binance. Whether it is the rate of return, track, or product quality, they are worthy of the name of Binance. These three targets are the first choice for short-term trading.
T1
HOOK
Hooked Protocol, led by Binance Labs. Binance LaunchPad project. Token symbol $HOOK.
Hooked Protocol is a Web3 gamified social learning platform where users can learn, earn, and enjoy gamified experiences in the Hooked ecosystem. It also creates "interactive Lego" around user acquisition and retention to help builders automate their community interactions. For dApps developers, they can use a plug-and-play approach to create applications on top of these "engagement" modules. Hooked's mission is to drive mass adoption of Web3 by providing immersive, gamified, and social learning experiences.
Belonging to the same education track as EDU, Binance is classified in the "Infrastructure" sector.
Market value $152 million, FDV $470 million, total 500 million. The current circulation rate is about 32.33%. Large amounts will be unlocked starting from July 1, with a total unlocked amount of 8.40 M, accounting for about 5.2% of the current circulation.
The increase from the bottom to ATH is 482.06%, and the current price is 76.90% lower than ATH.
From the chart structure, there is no particularly good trading opportunity, and it is still at the bottom. If the dealer cooperates with the large amount of unlocking on July 1, it may be pulled to the vicinity of the trend line pressure level.
DODO
Binance Labs led the investment. Launchpool project. Token symbol $DODO, contract trading pair DODOX USDT.
DODO is a decentralized trading platform that uses an innovative proactive market maker (PMM) algorithm to provide efficient on-chain liquidity.
I have written an analysis on DODO BBK Currency Recommendation----DODO, interpreting the future direction of the project.
When the recommendation was made, the coin price was around 0.18, and currently there is a floating profit of 26 points.
「DeFi」 section.
Market value $148 million, FDV $225 million, total 1 billion. Current circulation rate is about 65.83%. The next large unlock will be on October 7, with a total unlock of 85.72M, accounting for about 13% of the current circulation.
The increase from the bottom to ATH is 10249.00%, and the current price is 97.30% lower than ATH. For a coin that has experienced a violent bull market in 21 years, the large-scale K-line has little reference value. Looking at the daily line, it can be seen as a reversal structure of the right shoulder breakthrough of the head and shoulders top. It is temporarily at the pressure level, and it may continue to rise after a period of sideways trading. If the dealer cooperates with the large amount of unlocking on October 7, it may go out of the trend market.
TWT
Trust Wallet, a subsidiary of Binance. Strictly speaking, TWT is the biological son of Binance😂.
Trust Wallet is a popular cryptocurrency hot wallet that allows users to retain control of their funds. A core feature of Trust Wallet is its built-in DApp browser that provides a range of vetted decentralized applications. Trust Wallet offers staking and token trading directly in the application.
TWT is also a currency I have recommended before 👉BBK currency recommendation----TWT. Recently, the wallet currency BWB of the neighboring exchange has been hotly launched, coupled with the expectation of Ethereum Prague upgrade, there is a lot of room for speculation.
When the recommendation was made, the coin price was around 1.12, and currently there is a floating profit of 23 points.
In the wallet track, Binance is classified in the "Infrastructure" sector.
Market value $576 million, FDV $1.382 billion, total 1 billion. Current circulation rate is about 41.66%. No unlocking news yet.
The increase from the bottom to ATH is 97868.24%, and the current price is 49.50% lower than ATH.
There is no trend at the weekly level, and it may still be oscillating within a range.
T2
CAKE
PancakeSwap, a Binance Labs investment. Token symbol: $CAKE.
PancakeSwap is a decentralized exchange (DEX) built on BNB Chain, using an automated market making (AMM) system. PancakeSwap is a fork of SushiSwap with an almost identical code base, but it has the advantage of cheaper and faster transactions built on BSC. It also offers other features such as yield mining across other protocols, lotteries, and initial mining offerings (IFOs).
「DeFi」 section.
Market value is $836 million, FDV is $1.205 billion, and the total number is 450 million.
The latest round of votes to adjust the total supply limit was held on December 28, 2023, reducing the total supply limit from 750 million to 450 million. The proposal was passed by the community vote.
The current circulation rate is about 69.33%. The latest token economics shows that less than 40,000 are emitted daily, and a certain amount is destroyed every week. There is no selling pressure for large unlocking. It is a deflationary token.
The increase from the bottom to ATH is 22508.40%, and the current price is 92.87% lower than ATH. After 21 years of crazy bull projects, the current price of the currency is hard to describe.
Judging from the chart structure, there are no good opportunities for the time being. Moreover, BNB Chain is half dead now, so we can only wait for good news.
BAKE
BNB Chain Fund investment. Token symbol: $BAKE.
BakerySwap is an all-in-one DeFi platform that provides both AMM and NFT market solutions in one place.
Binance is classified in the "DeFi" and "NFT" sectors.
The market value is $103 million and is currently fully circulated.
The increase from the bottom to ATH is 98683.25%, and the current price is 95.73% lower than ATH.
There is not much room for speculation for native projects on the BNB Chain. However, because the currency is in full circulation and the concentration of chips is high enough, it is expected to have another wave of independent monster currency market.
From the chart structure, the daily level can be seen as a very large triangle breakthrough (a bit ugly). If you want to participate, it is recommended to focus on spot trading, as contracts are more difficult.
I think DODO, TWT and CAKE were once the three sons of Binance. Except for CAKE, they all still have the opportunity to develop a big trend.
T3
MBOX
MOBOX, led by Binance Labs, followed by DWF Labs in December 2023. Binance Launchpool project.
Everyone has witnessed how sharp DWF's operations are.
MOBOX is a gaming metaverse that combines automatically optimized DeFi yield mining and gaming NFTs to create a GameFi metaverse called MOMOverse.
Binance is categorized into the “Games”, “NFTs”, “Metaverse” and “DeFi” sectors.
Market value $106 million, FDV $182 million, total 550 million. Current circulation rate is about 58.54%, no unlocking information yet.
The increase from the bottom to ATH is 7544.74%, and the current price is 97.52% lower than ATH.
Judging from the chart structure, there is no particularly good opportunity yet. It is suitable for spot layout, but how long it will take to pull up the market depends on DWF's mood.
Summarize
The new Binance three sub-ID, EDU, and ARKM.
The market is rising sharply and the project is good, so it is suitable for short-term operations at this stage.
The old three Binance coins: CAKE, DODO, and TWT.
DODO and TWT are expected to have new narrative hype in the future. They are also currencies that I have recommended before. They are suitable for long-term layout and can take advantage of a trend.
