Read on Twitter
Woah, it looks like Binance is now the largest crypto exchange, and the $TRX / BTC pair is the highest volume pair! I don& #39;t even know what this Tron thing is!
250,000 users in 24 hours, that& #39;s Coinbase numbers. We were waiting for institutional money this year, but instead we just got retail money on steroids!
https://twitter.com/cz_binance/status/948954415662219264">https://twitter.com/cz_binanc...
https://twitter.com/cz_binance/status/948954415662219264">https://twitter.com/cz_binanc...
Mental experiment/valuation. At $8 billion daily volume & 0.2% fee on each trade, that& #39;s $5.84 billion in annual revenue. Nasdaq $NDAQ does $3.9 billion and trades at $13 billion market cap (3.33x revenue).
Binance will buyback $BNB tokens using 20% of quarterly profits. So pretend we get 20%. 20% x 3.33 x $5.84 billion = $3.9 billion value / 99 million tokens = $39.40 BNB target even using 199 it& #39;s a $19.60 target vs. $9.40 price
Finally, there are projects in the top 10 market caps with nothing more than a white-paper! $BNB has a product that& #39;s used more than almost any other project in crypto today. $BNB in top 10 = $100+
$BNB just passed Dogecoin in ranking. $BNB still a double from here if it catches up to DogeCoinDark aka $XVG
Well $BNB got to the top 20 but not in the way I would have preferred! Swapping some BNB for EOS and..... yes ZRX
Too lazy to delete and repost. ZRX = ZEC
haha man I wish. Anything is possible, but as they are an exchange, depends on how long the crypto mania lasts this year. Would say that& #39;s high though.
