Predicting future trends in the Crypto market will help us easily invest and earn profits. In this article, we will predict possible future trends through the Binance token list.
Binance Overview
What is Binance?
Binance is currently the largest centralized exchange in the Crypto market, founded in 2017 by Changpeng Zhao (CZ), supporting hundreds of assets along with hundreds of different trading pairs and many accompanying products. .
In addition to the main product which is a centralized exchange, Binance is also developing an EVM Blockchain with the previous name Binance Smart Chain (BSC), but in early 2022 it changed its name to BNB Chain for fear of problems. about legal.
BNB Chain uses BNB tokens as fees to pay for transactions taking place on this network. Validators who want to run on this Blockchain must also stake a large amount of BNB.
Why are Binance token lists so popular?
According to Nansen, Binance is currently the exchange that stores the largest amount of user assets in the Crypto market with about $58B, far exceeding the competitors below. The daily trading volume on this exchange is also at the top of the market with an average of about $8B volume per day in a downtrend market.
Projects to be listed on this exchange also need to have a large enough community and go through a very strict censorship process accompanied by a very high listing fee required. The project team must have strong potential
From there we can see why tokens listed on Binance are often very fomo, because simply after listing, these tokens will have access to an extremely large source of liquidity from the exchange. This.
A Look Back at Past Trends
Layer 1 Final Season 2020 and 2021
In just one year of 2019, Binance has continuously launched 5 different Blockchain projects:
- Matic Network: Deployed launchpad on Binance from April 1 to 25, 2019 with raised capital of about $5M and valuation of ~$26M.
- Kava Network: Launched on Binance launchpad from May 19 to 27 with a valuation of $46M and total capital raised of $3M.
- Harmony: Launched from May 27 to 29, 2019 with a capital call of $5M from the sale of $1.5B ONE and a valuation of $40M.
- Elrond: Launchpad 25% of total supply with valuation of $13M from June 22 to July 1, 2019 and total capital raised is $3.25M
- Perlin: Launchpad around 8.5% of total supply at $77M valuation and $6.7M total fundraising from September 8 to 24, 2019
The time that these launchpad projects took place was more than 1 year before the time when Layer 1 Season exploded strongly, below is the % ROI of the above 5 projects:
Name of project |
% ROI from IEO price |
% ROI from bottom price |
---|---|---|
Matic Network |
112400% |
97400% |
Kava Network |
2000% |
3800% |
Harmony |
11900% |
32200% |
Elrond |
83700% |
8400% |
Perlin |
380% |
2960% |
GameFi Season late 2021 and early 2022
This is probably a memorable time in the history of the Crypto market when GameFi projects exploded strongly, leading to ways to play to earn that brought huge profits to players every day, however. Binance has started launching GameFi projects since 2020 with:
PROJECT |
TIME |
PRICE |
% ROI FROM SELLING PRICE |
% ROI FROM BOTTOM PRICE |
---|---|---|---|---|
The Sandbox |
August 13, 2020 |
$0.12 |
7060% |
24000% |
Injective |
October 13, 2020 |
$0.4 |
6325% |
14050% |
Axie Infinity |
October 27, 2020 |
$0.1 |
171800% |
173000% |
In early 2022, Binance also launched a few more GameFi projects such as Voxies or League of Kingdoms, but the ROI numbers at this time are not really as impressive as the previous launched projects.
The Worldcup wave and Fan tokens at the end of 2022
Although the wave of Fan tokens is not as strong as Layer 1 or GameFi because of the general influence of the Crypto market, if you seize the opportunity, this is also a good opportunity to make a profit in a very bad general market. .
Project |
Time |
Total Raise |
---|---|---|
AC Milan Fan Token |
February 17, 2021 |
$1M |
FC Barcelona Fan Token |
April 14, 2021 |
$2M |
Lazio Fan Token |
October 14, 2021 |
$4M |
FC Porto Fan Token |
November 6, 2021 |
$4M |
Alpine F1® Team Fan Token |
February 21, 2022 |
$4M |
We can also easily see that the time these projects were listed on Binance launchpad also started about a year before the Fan token wave.
The common point of the above trends
We can easily see that projects listed by Binance with many common characteristics will become a very strong explosive trend in the future, specifically within the next 1 year.
From this characteristic, we can easily choose projects that have the same thing in common and then wait about 1 year after the listing time to look for investment opportunities.
Possible Future Trends
Bridge uses Omnichain technology
The two names most worth mentioning will be Stargate Finance and Hashflow in the Bridge segment whose time of being listed on Binance is quite close to each other, but unlike the above projects, STG is listed directly on the exchange and HFT is listed. via Binance launchpool.
- Stargate Finance was listed on August 19, 2022.
- Hashflow was listed on November 7, 2022.
For this trend to explode, a triggering condition is needed, such as the projects building the platform for Bridge launching tokens, Stargate’s LayerZero, or Hashflow’s Wormhole launching tokens, creating a battle to attract users. Attract liquidity across both ecosystems.
According to the listed time of the above two projects and past timelines, the explosion of Bridges using Omnichain technology may occur around the end of 2023.
DeSocial
DeSocial stands for Decentralized Social, also known as a decentralized social network built on the underlying Blockchain.
Recently, Binance has continuously launched 3 consecutive projects all related to Decentralized Social:
Project |
Time |
Tokens |
---|---|---|
Hooked Protocol |
April 28, 2023 |
HOOK |
SpaceID |
March 22, 2023 |
ID |
Open Campus |
December 1, 2023 |
EDU |
With the above timelines, we can easily predict the time when the DeSocial trend can explode strongly, which will be early 2024 in Q1 or Q2.
There is also another project in this field but the ICO on Coinlist is Cyber Connect, which will take place on May 18.
The conditions for this trend to be activated are probably that large projects in this field such as Lens Protocol release tokens or famous people start to switch to using decentralized social networks, thereby attracting users to them. these platforms.
Summary
Hopefully, through this article predicting future trends through Binance list tokens, Weakhand has brought everyone future projections from which they can find investment opportunities and make profits.