$Evil Penguin The contract should be signed around this week
Those who have seen or followed my posts should know that I mentioned back in November that the penguin would definitely go to alpha, which has now been confirmed in hindsight.
Now let’s briefly discuss why I say the Evil Penguin will go on contract?
The update of the Chinese API and the opening of the Chinese spot channel is one reason; the second is the traffic of the penguin in web2. What is the core that Binance needs as an exchange? Users, only with users can we talk about scale. To be honest, the current market environment is not good, with various chaotic operations abroad; I won’t even mention the classic practice of line trading; domestic policies are under high pressure, with various regulations, and the market liquidity can be said to be in a state of exhaustion compared to before. In such an environment, for Binance to expand its scale, it can only launch a phenomenon-level meme similar to shib or pepe to ignite the market and attract more users. The Chinese API is already in the lead, and Binance will not give up this advantage. So who can undertake this explosive market behavior with a Chinese meme? $Hakimi or $Binance Life? I believe neither. Their scale is relatively larger compared to the current penguin, and for Binance, the cost is higher than that of the penguin. Moreover, the traffic of the penguin in web2 cannot be ignored. The penguin's path is likely to combine the Binance contract first with the strategy of locking in heat, observing market liquidity, and accelerating spot listing under controllable risk.
Finally, for short-term holding, one must be cautious of market fluctuations in contracts; for long-term, just add investment regularly.
Those who have seen or followed my posts should know that I mentioned back in November that the penguin would definitely go to alpha, which has now been confirmed in hindsight.
Now let’s briefly discuss why I say the Evil Penguin will go on contract?
The update of the Chinese API and the opening of the Chinese spot channel is one reason; the second is the traffic of the penguin in web2. What is the core that Binance needs as an exchange? Users, only with users can we talk about scale. To be honest, the current market environment is not good, with various chaotic operations abroad; I won’t even mention the classic practice of line trading; domestic policies are under high pressure, with various regulations, and the market liquidity can be said to be in a state of exhaustion compared to before. In such an environment, for Binance to expand its scale, it can only launch a phenomenon-level meme similar to shib or pepe to ignite the market and attract more users. The Chinese API is already in the lead, and Binance will not give up this advantage. So who can undertake this explosive market behavior with a Chinese meme? $Hakimi or $Binance Life? I believe neither. Their scale is relatively larger compared to the current penguin, and for Binance, the cost is higher than that of the penguin. Moreover, the traffic of the penguin in web2 cannot be ignored. The penguin's path is likely to combine the Binance contract first with the strategy of locking in heat, observing market liquidity, and accelerating spot listing under controllable risk.
Finally, for short-term holding, one must be cautious of market fluctuations in contracts; for long-term, just add investment regularly.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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