RAYSKY

One of the most notable events in the cryptocurrency space in October,
is the extreme volatility triggered by a meme coin named 'Binance Life' in the BNB Chain ecosystem.

Its short-term price surge is astonishing—
according to historical price records from on-chain tracking tools, some early wallets achieved over 2000 times their paper profits in just a few days.

Amidst heated discussions in the community and media,
many people see it as another 'dark horse' or 'touchstone' in the crypto world.

This article will analyze the logic behind this surge from the perspectives of data, community heat (such as Google Trends), and on-chain behavior.
to rationally guide you through the reasoning behind this explosive increase.

Recently,
A token called ASTER has become popular in the cryptocurrency space.

just completed the token issuance,
and the price rose several times within just a few days,
triggering discussions among many communities and investors.

but I observed a very interesting phenomenon:
The Google Trends search heat for ASTER actually peaked before the price soared.

This made me start thinking about a question:
"Is Aster driven by price or is price driven by emotions?"

This article aims to start from the case of ASTER,
exploring the relationship between search heat and price,
and what we can learn from it.

$BNB (Binance Coin) has been stronger in price than most mainstream coins in recent days,
Even last week it broke through the one thousand yuan mark, becoming the focus of the market.

The increase to one thousand yuan this time is not driven by a single event,
but rather the result of the combined effects of 'short-term positive news' and 'long-term value support.'

In the long run,
The reason BNB has been able to accumulate such upward momentum,
The fundamental reason comes from its diverse utility and deflationary mechanism.

BNB was initially just a token launched by the Binance exchange,
Used for offsetting transaction fees, staking for profit, and other purposes.

Before discussing the rise in ADA search popularity,
I want to first mention Google Trends.

[What is Google Trends?]
Google Trends is a free tool,
can tell you 'what people around the world have been searching for on Google recently',
you can also see the changes in the search popularity of a certain keyword.

For example,
when a typhoon is about to arrive,
People in Taiwan often search for 'typhoon holiday',
thus the search volume on Google Trends will surge sharply.

as shown in the picture,
Typhoon Danas formed in early July this year,
and landed in Taiwan around 11:40 PM on July 6,

Recently, countries have gradually increased their attention to stablecoins, even surpassing Bitcoin itself.
Entrepreneurs who previously had no exposure to cryptocurrencies are also asking me what stablecoins are, and everyone is contemplating what kind of impact this will have on the future.
Interestingly, a while ago, the chairman of Mega Financial Holding compared stablecoins to EasyCards, which sparked a lot of discussion.
So why has the volume of stablecoins recently surpassed that of Bitcoin?
I believe that the popularity of Bitcoin itself has not decreased; people are still paying attention to whether Bitcoin can continue to break new highs, as Bitcoin remains an important indicator in the cryptocurrency space.

For cryptocurrency beginners who are just entering the crypto space, the traditional trading interface is often confusing.
What is the market price? How to place an order? What should I do if the price keeps jumping?
Don't worry! Today, I will take you through the "Binance Flash Exchange" function. Without placing orders or setting prices, just a few clicks can convert the assets in your hand into the cryptocurrency you want.
This article will use the simplest method to guide you through the Binance Flash Exchange operation process, so that even if it is your first time touching coins, you can confidently complete the conversion.
At the end of the article, we will also tell you the difference between flash exchange and traditional trading to help you make a more cost-effective choice!

#BBW2023 #Binance #BinanceBlockchainWeek #istanbul After hearing that Taiwanese YouTuber Joeman’s marijuana case was involved in Binance, some people may think that “cryptocurrencies are indeed a hotbed for money laundering and drugs,” but sensible people will know that they are just a means of payment. , just like no one would specifically emphasize: "OOO use Taiwan dollars issued by the central bank to buy marijuana." Using this incident to attack Binance and cryptocurrencies also shows the difference in cognition. -At this moment, Binance is holding the Global Blockchain Annual Conference in Istanbul, Turkey. Cryptocurrency enthusiasts from all over the world are gathering together to discuss various value applications and development. On this trip, Taiwan’s Binance is also traveling with them. After the captains, as well as a few invited representatives of the currency circle, booked a venue, Binance used "yellow and black" as the theme colors and decorated the site with Binance elements. Many project parties also set up stalls at the exhibition, such as Sun Ge’s Tron, Binance’s TrueUSD, etc. #BinanceBlockchainWeek is the theme hashtag this time. If you search on social media, you can see the information shared by other Internet celebrities. If you are interested, give it a try. As for the focus of the annual meeting, it can be felt that this year's focus is on "regulatory" issues. I heard that many traditional bankers gathered at the main lecture venue, who are not optimistic about the future development of cryptocurrency, and are inconsistent with the SEC's iron fist philosophy. "Cryptocurrency is a hotbed for money laundering crimes." Many people hold this argument. But if you have an in-depth understanding of cryptocurrency technology, the transparency of the financial flow of the blockchain will actually help "money laundering prevention." Moreover, is it really true that “cryptocurrency promotes money laundering crimes”? To paraphrase what a big shot speaker said: "In terms of money laundering crimes, the central bank issues the most fiat currency!" The whole audience laughed. - Bitcoin was only at 27,500 last month, and it has reached 36,500 today, an increase of 9,000 US dollars, or 32%. When many people still have the impression of cryptocurrency as "fraud" and "nihility", the ecosystem of the currency circle has continued. In build, Turkey has Binance Global Blockchain Week, Hong Kong and Taipei have ApeFest, and Taipei Blockchain Week TBW in December is also brewing. On the first day of Binance Turkey BBW, CoinmarketCap, the world’s largest cryptocurrency price checking website, announced the establishment of venture capital CMC Labs and encouraged Web 3 projects to apply.The Landing page was only launched yesterday. You can scan the QR code in the picture to see the details. "Step into the future of Web 3" After the U.S. central bank announced that it will no longer raise interest rates, FTX's debt repayment rhythm is getting better and better, which is vulnerable to the infusion of hot money. / In the detached currency market, the worst situation has passed. The investment market has a "cyclical effect", and excessive enthusiasm will definitely correct. On the contrary, after two years of sluggishness, what will happen next? -Many people say that wealth is based on "cognition". People of the previous generation "recognized" the potential of land. Now they and their children no longer have to work hard. People of this generation have "recognition". Those who know the potential of the currency circle have given birth to countless great gods and giant whales in the previous bull markets. Nowadays, we often hear social complaints: "Those who bought houses and land in the past all controlled wealth, so now it is nothing for young people to work hard." Meaning." Fifty years from now, will anyone start to complain (?): "Those who bought Bitcoin back then all held wealth, so it makes no sense for young people to work hard now."