It's truly outrageous that UNI has fallen like this, simply absurd! I really had high hopes before, even holding on after it doubled Now my heart has already cooled down halfway The city of faith is on the verge of collapse
This depends on multiple market factors and variables: 1️⃣ Expansion of the Binance ecosystem: BNB is the core asset of the Binance Smart Chain (BSC). As more developers and projects join the BSC network, its demand may increase. If Binance launches more BNB-based features (such as DeFi applications, NFT support), it could drive the price up.
2️⃣ Overall performance of the cryptocurrency market: The price of BNB is usually related to the trends of the overall cryptocurrency market. If the market enters a new bull run, BNB may benefit. The price increases of Bitcoin and Ethereum often lead to gains in other major cryptocurrencies, including BNB.
3️⃣ Market position of the Binance platform: As one of the largest cryptocurrency exchanges in the world, Binance's development has a direct impact on the price of BNB. If Binance continues to expand its user base and range of services, the demand for BNB will increase.
4️⃣ Regulatory risks: The regulatory policies of various countries towards the Binance exchange may affect its operations, thereby indirectly impacting the price of BNB.
5️⃣ Deflationary mechanism: BNB has a regular burning mechanism, reducing the market circulation, which supports the price in the long term.
6️⃣ Possible timeline: Currently, the price of BNB has reached a new high, hitting the critical moment of breaking 800 USD, but in the long run, it is still worth entering. Assuming market sentiment is good, the bull market continues, and Binance's ecosystem continues to expand, BNB may have a chance to break 1000 USD in the next 2-5 years.
Why has China consistently not opened up cryptocurrency trading?
China's strict restrictions on cryptocurrency trading are due to various reasons, which are related to national strategy and economic management, as well as risk control and social stability. Here are several key reasons: 1. Priority of Financial Stability The Chinese government places great importance on the stability of the economy and financial system. The price volatility of cryptocurrencies is extremely high; if the trading market overheats, it may lead to speculative behaviors that threaten the overall security of the financial system. 2. Control of Capital Outflow Cryptocurrency trading provides convenient channels for capital outflow. China has been working to prevent funds from flowing out of the country through illegal or uncontrollable means, and cryptocurrencies, due to their decentralized and hard-to-trace characteristics, can easily become tools for circumventing capital controls. 3. Combating Illegal Activities Cryptocurrency trading can easily be used for illegal activities such as money laundering, fraud, and terrorist financing. The Chinese government attempts to reduce these potential criminal risks by banning exchanges and ICOs (Initial Coin Offerings). 4. Development of Central Bank Digital Currency (CBDC) China is the first in the world to launch a central bank digital currency (Digital Renminbi, DCEP), aimed at strengthening control over currency issuance and circulation. If cryptocurrency trading is allowed to occur freely, it may compete with the digital renminbi, undermining the central bank's monetary policy tools. 5. Skepticism Towards Lack of Physical Backing The Chinese government holds a cautious attitude towards assets (such as Bitcoin) that lack physical backing or intrinsic value. Although blockchain technology is widely recognized, the government prefers it to be used to promote the real economy rather than for speculative asset trading. 6. Protecting Ordinary Investors Due to the extreme volatility of the cryptocurrency market and lack of regulation, ordinary investors can suffer huge losses in irrational market frenzies. The Chinese government believes that banning cryptocurrency trading is meant to protect the public interest. Possible Directions for the Future? Despite China's prohibitive stance on cryptocurrency trading, it has not denied the value of blockchain technology. On a technological level, China is actively promoting blockchain innovation and has made significant progress in some areas. For example, the Blockchain Service Network (BSN) supported by the Chinese government is seen as an important platform for promoting the development of global blockchain applications. What do you think of China's strategy?
Binance web3 wallet's latest REVOX airdrop! Don't miss it! How to participate: Step 1️⃣: Open Binance web3 wallet, find revox, enter and link the wallet Step 2️⃣: Fill in the invitation code: PKOVTZ After filling it out, click confirm Step 3️⃣: Follow the Twitter accounts @Web3WithBinance and @ReadOnMe3 Then fill in your username starting with @, not your nickname! Step 4️⃣: Scroll down, find daily sign-in, click check in, and complete the task. Don't make a mistake when signing in, choose opbnb, and then click confirm. Remember not to stop signing in! After signing in for 7 consecutive days, you will get 60 points for signing in every day. If you haven't participated, you can continue to do the task now, and it will end in more than a week.
Users who use BNB to subscribe to the regular and/or current products of the HODLer platform will receive airdropped tokens issued by projects with high token circulation supply and planned to be listed on the Binance platform.
How to benefit from the HODLer airdrop? Go to the [Wealth Management] page and search for BNB; Use BNB holdings to subscribe to the regular and/or current products of the HODLer platform; Binance will be before the HODLer new token airdrop begins!
Binance will randomly take multiple snapshots of users' BNB holdings every hour to calculate the user's hourly average BNB holdings in the HODLer products (regular and/or current). For example: the calculation of the HODLer airdrop reward on June 11, 2024 may use the user's BNB holdings snapshot from June 01, 2024 to June 07, 2024 as a reference. Eligible users will receive the HODLer airdrop reward in their spot wallet within 24 hours after the HODLer airdrop is announced.
The airdrop tokens will be automatically transferred to each user's spot wallet before Binance spot is launched!
If there are multiple HODLer airdrop projects going on at the same time, the user's BNB assets in BNB earning products (fixed and/or current) will be allocated to these projects; BNB earning products that are used as collateral in Binance lending (current rate) will not be eligible for HODLer airdrop rewards; BNB assets that subscribe to earning products can still enjoy the usual benefits, such as: participation in Launchpool and Megadrop qualifications and VIP level benefits.
Lista is being distributed, and BNB may fall next. If you have BNB deposited regularly, please withdraw and sell it in advance to bring the price down so that I can get on board. Thank you🙏
Have you not bought UNI yet? Before UNI pulled back, I told those who were waiting not to be afraid, to build a small position first, and then buy on dips. Later, it pulled back. I wonder if everyone bought it? Now UNI has risen again. Those who bought on dips can’t say that they made a lot of money, but they definitely made a small profit! The current price of UNI is still suitable for entry. Don’t miss this wave. As I said before, build a small position first, and then buy on dips. How much profit do you make? It depends on you. There is no point in saying more.
The cryptocurrency market plummeted, and faith is almost gone? It’s not just BOME that fell, it can be said that everything fell... But the mainstream coins have been rising for several days, and it’s normal to have a correction. In addition to BOME, the other coins recommended before include WIF, UNI, PEPE, etc., all of which encourage everyone to buy on dips and build positions at low levels. Isn’t the correction now a good opportunity?
Those who hold $BOME are in luck The real big market may be coming soon!!! According to the news from the outside network, a giant whale bought two million U and a large number of institutions began to absorb BOME chips, so BOME is still very interesting in the future. The market is about to pull up. I believe everyone has seen a little fluctuation today, but the price is not high, so it is recommended that those who have not yet opened a position should hurry up to open a position. In the meme coin track, BOME has great potential, but it is only a matter of time before the market pulls up and cuts the leeks. The key is to enter the market early, and the cuts will not be cut on your head. Just continue to hold it. BOME has been washing the market recently, and it has fallen 50% from its high point. It can only be said that the risk of this track is still very high, so let's open a position first, and then participate in small positions in batches and buy on dips. You can refer to the trend of pepe. It keeps falling, washing the market, rebounding, and falling again. It can be said that it is a repeated wash, so how to layout is very important, and don't be too excited.
6 coins that can be bought at the bottom and entered in batches, in order: 1. UNI is recommended first, with strong technology, true decentralization, a lot of loyal fans, great potential, buy on dips 2. BOME is strongly recommended, this is the most interesting coin recently 3. Then WIF, the current callback position near 3 is very suitable for picking up 4. ETHFI, needless to say, there is another wave of market later 5. PEPE, very popular, now also callback 6. OP, this can also be paid attention to
No time to explain! Get on board! Who else hasn't bought WIF? Now is a good opportunity! BOME has also pulled back, hurry up and get on board, family members PEPE can also wait and see …… Go!!!
I dare not think if it is true, if 133578412 BOME were destroyed as this person said, how much BOME would this person have in total? BOME rose slightly to 0.014, 133578412 BOME would be about 1,870,000 US dollars... Whether it is true or not, it is a signal to attract people to enter the market. If the entry price is not high, you should stop while you are ahead. You should buy when you should sell. The louder the shouting, the more dangerous it is! If it doesn't work, wait for a callback and then take it back.
BB and NOT were criticized when they were first launched, and some even said that no one would play BNB mining anymore... Now BB and NOT have been pulled up, and their reputation has reversed! It makes people wonder... Is this the case for all new coins in the future? Should we not rush to sell new coins after they arrive in our account? If you think so, then the dealer has achieved his goal.
Binance's BNB remains high at 600. Driven by Binance's newly launched Megadrop, the new coin has ushered in a violent rise in "BB". As the first Megadrop show, this not only warms up for the upcoming second phase of LISTA, but also shows the innovative gameplay of BNB's "one coin, three meals", opening a feast of income for holders. First of all, if you participate in BNB's 120-day fixed deposit, you can get an annualized return of about 1.39%, which is equivalent to putting money in a bank's current account, but don't forget the potential appreciation of the currency price increase and additional mining rewards. Secondly, the BNB deposited can also participate in mining. In each round of Launchpad projects, it is possible to earn 1.5%-3% of income in just 3-5 days, which can easily exceed 150% annualized, which is quite tempting! Furthermore, as a new income method, although there are not many samples at present, from the existing situation, the income brought by each activity is estimated to be between 1%-3%, and the annualized rate can reach more than 100%, which has great potential. Finally, as Binance continues to launch new value-added services, BNB's usage scenarios and value will be further broadened. If this continues, it seems that it is not a dream for BNB to hit the $1,000 mark next year. This series of innovative measures has undoubtedly made BNB a shining star in the cryptocurrency market.
"Martin Strategy" - "Newbie" Spot Position Allocation Management Method!
Divide the principal in hand into 10 equal parts and prepare to buy 10 currencies, that is, allocate 10,000U of principal to each currency.
50% of the principal is used for initial position building, and the remaining 50% is used to replenish positions in batches!
Example: XX currency position building, 50% position at XX price, 50% position replenishment at XX price, where 50% position means that according to the standard of allocating 10,000U to each currency, 5000U position building reserves 5000U replenishment.
Spot taboo: heavy position for the one you are optimistic about, light position for the one you are not optimistic about!
When facing the 10 selected currencies, you should buy the same amount of each currency when operating, and operate strictly according to the above example! If you don't follow this position, then there will be a problem. If the 30,000 U coins you bought in a heavy position lose 10%, that is 3,000 U. Then even if the 10,000 U coins you bought in a light position increase by 10%, it is only 1,000 U, so you still lose money!
Example: For example, a certain currency falls to 10U, buy 20% position, the price falls to 8U, and then enter 30%. At this time, the average cost is 8.6U. If the market continues to fall to 5U, and then enter 40%, the average is 6.5U. If the price rebounds to 6.5 yuan, it is capital preservation. If it rebounds to 10U, it is equivalent to earning 3.5U. But if you buy in full at 10U, you just get out of the trap when the price returns to 10 yuan.
In the process of rising currency prices, the lower the price, the larger the buying position should be, and the price should gradually increase. The position should be gradually reduced. This method of buying belongs to the right side of the position. Such a cost is relatively safe. Even if the market falls, there is no need to panic as long as it does not fall below the position cost.