Things are really heating up in the Cryptoworld and the market cap just keeps on gaining momentum. It feels like yesterday that it was announced it reaches $US1 Trillion, then boom $2 Trillion now $3 Trillion. Many have said "this is it, this is what we've been waiting for".
I don't know how much of it I'm actually involved in as I just like watching the numbers grow. I'm a hive loyalist so I only buy a few hive every week to add to my collection. Not particularly in the Cryptocurrancy investment game. I suck at it, everytime I try I lose 🤣
There is also a dangerous movement occurring along side Cryptocurrancy markets and that's the Elon Musk effect. I'm honestly not sure what he is doing in this space. I understand he may want to make some money and many companies have been investing in Cryptocurrancy predominantly Bitcojn. But Elon is taking it to a whole other level with significant impacts on markets.
You can't tell people what to do with their money but he is a significant investor and was able to tank Bitcoin and after his sting on SNL doge coin has begun to sink massively. These contributing factors will have some consequences on the market this year. You can see a snippet of it Here
BNB the silent riser
I have to admit I didn't perceive BNB being the 3rd top coin, an ethereum Fork but it came to market dominance due to Ethereums high fees and slow transaction times.
I thought Polkadot would have emerged and it slowly is making gains in the sector. But I quickly dumped Polkadot for CUB once CUB had a better plan for interoperability. Plus it is a part of my favourite community, Hive. If I can get everything I'm after in one spot then I'm not going to go anywhere.
BNB sits at a comfortable $US660 or $AUD840 but I really see this token hitting $2000 and in US currency not Australian. It has alot of great features and if this was the physical world it would probably be #1 it has more than Ethereum and Bitcoin as a use case and cheaper. Not to mention an entire exchange which is the best use case ever. It's also what's made decentralised exchanges valuable. Staking and earning.
Time will tell and perhaps one day BNB will flip other Cryptocurrancies and in preparation for this I'm pairing bleo and BNB in CUB. It's a great way to earn while holding it. See I like how when either BNB or bleo price increases it gives me more of the other.
And I've worked out that so long as both tokens rise in value then implemented loss doesn't really exist. Higher bnb gets the more bleo I get, the higher bleo gets the more bnb I get. With the soon to be fully launched and operational Kingdoms and the Leo Bridge up an running I'm anticipating that Ethereum holders will be using the Leo Bridge to get their tokens across to Kingdoms for the rewards.
This inturn will create buy pressure of bleo and bnb nudging the tokens value up and giving me a nice return on my bleo and bnb pool.
But with CUB sitting at a low $1.8 due to paper hands my diamond paws are really struggling not to drop my bleo bnb pair to buy CUB. That's why it's important to have goals and not just look at dollar value.
You lose when you chase the dollar.
What do you think? Will BNB hit $2000 this year early next year?