BNB is one of the currencies that I am very concerned about, and I have always been optimistic about its long-term development potential. As of the time of publication, the price of BNB has reached $24
BNB is one of the currencies that I am very concerned about, and I have always been optimistic about its long-term development potential. As of the time of publication, the price of BNB has reached $24.88, surpassing its peak of $24.46 in the previous bull market.
Seeing such a market situation, many investors are starting to lose composure. Don't buy, afraid of missing BNB; Buy it, the price has risen quite a bit now, afraid of being covered.
Generally, investments are like this: when the price is low, either you are not in a hurry and feel that there is still an opportunity, or you think that it will continue to decline, and you want to wait for a lower price before starting. However, suddenly one day, prices began to kick in, and like BNB, there was a sudden surge in prices, causing everyone to be caught off guard in a timely manner and regretting that they had never bought.
I once said that once BNB breaks through historical highs, it will open up upward space. Now BNB has opened up upward space and there is no pressure level for short-term gains. However, this round of gains has also accumulated certain risks and there will be downward pressure. So investors, especially short-term investors, still need to be cautious.
For long-term investors, if their ability to bear losses is weak, I suggest stopping fixed investment for a period of time and waiting for the currency price to drop a bit before making a decision. If you have a strong ability to withstand losses, such as the BNB falling below $20, you can still continue to place orders because it is not a bull market yet. When the bull market arrives, the BNB will continue to rise.
The trend of BNB is only an individual market and does not represent a sign of a bull market
Platform currencies such as BNB, HT, and OKB are very similar to brokerage stocks in the stock market.
Taking the A-share market as an example, before every bull market arrives, general securities firms will first break out of a wave of market trends, commonly known as the "Spring River Water Warm Duck Prophet".
For digital currencies, I believe that the trend of platform currencies will also reflect the overall market situation of digital currencies to some extent. So does this wave of BNB's market indicate that a bull market is about to arrive? I don't think so, mainly for the following reasons.
1) The overall market of platform currency is not particularly prominent
After the Spring Festival, led by BNB, HT and OKB both emerged from a wave of market trends. However, there are still differences between the trends of HT and OKB and BNB.
As of the time of publication, the price of HT is $2.55, which is still more than double its peak of $5.46 in the previous bull market. The price of OKB is $1.8, which is more than double its peak of $5.35 in the previous bull market.
HT and OKB have not yet exceeded the peak of the previous round. Therefore,The rise of BNB is to some extent an independent market trend. The entire platform currency sector has seen significant growth, but it is not particularly prominent. Unless the entire sector experiences astonishing gains, it is possible to indicate some signs of a bull market.
2) BNB's current market mainly relies on marketing and planning
So what is the main reason for the rise of BNB since the Spring Festival? I think the main credit is still due to the marketing and planning of the Coin An team.
From IEO to Coin On Chain, to the recent announcement of Coin On's upcoming listing on its decentralized exchange. The entire marketing process is linked one by one, and both the rhythm and hot topics are well grasped. It must be said that Coin An leads the trend in this regard on all platforms.
Huo Coin, OK, and other exchanges are following suit, following the rhythm of Coin An and driving this wave of rise in their platform coins.
From the analysis of trading data, it is evident that there is not enough over-the-counter funds to support a significant increase. Therefore, everyone is not in a hurry to enter the market now and will wait and see what happens.
Yesterday, I read an interview with Zhao Dong and Jiang Zhuoer, and share the following two sentences with everyone.
As long as you live long enough, the chances of making money in each subsequent wave are N times greater than those in the front, and being alive is the most important thing.
2. This bull market may be the last demographic dividend of blockchain or Bitcoin.
(Author: Tao said that blockchain, the content comes from the open platform of the content obtained by the chain; this article only represents the author's point of view, not the official position of the chain obtained)
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