The crypto market is heavily affected by the SEC. XRP and this news testify to the statement. The XRP saga and this news had facilitated the market's current uptrend. However, for some reason, the market seems to be going down again. Most of the top cryptos are seemingly down by 2-5 percent. Although many tokens didn't follow this trend, for instance $BGB. What do you think to be the reason?
Not only BGB but also BNB! More than 30% of global AXS, SAND, and ALGO trade volumes. It holds 15% market share of XRP trading.Looking at derivative markets inflows so far there's quite a divergence between alts with OI for SOL up 100% this month while AXS, SAND etc are down!
For $BGB; I think that's where project fundamentals come to play cos it has shown strength since the release of its white paper spelling out it's utilities. OKB and BNB are another that have proven that strong fundamentals of a project can help shrug off $BTC influence in the market
I do understand that BGB is considered to be very strong, fundamentally. But I'm quite curious about the specific aspects in their new white paper that have made them stronger than ever before. It's intriguing to see that even when BTC experiences a significant price drop, it doesn't seem to affect the value of the BGB token much
The crypto market is heavily affected by the SEC. XRP and this news testify to the statement. The XRP saga and this news had facilitated the market's current uptrend. However, for some reason, the market seems to be going down again. Most of the top cryptos are seemingly down by 2-5 percent. Although many tokens didn't follow this trend, for instance $BGB. What do you think to be the reason?
Not only BGB but also BNB! More than 30% of global AXS, SAND, and ALGO trade volumes. It holds 15% market share of XRP trading.Looking at derivative markets inflows so far there's quite a divergence between alts with OI for SOL up 100% this month while AXS, SAND etc are down!
For $BGB; I think that's where project fundamentals come to play cos it has shown strength since the release of its white paper spelling out it's utilities. OKB and BNB are another that have proven that strong fundamentals of a project can help shrug off $BTC influence in the market
I do understand that BGB is considered to be very strong, fundamentally. But I'm quite curious about the specific aspects in their new white paper that have made them stronger than ever before. It's intriguing to see that even when BTC experiences a significant price drop, it doesn't seem to affect the value of the BGB token much
Let's hope, BGB doesn't do the same as KCSš«„.