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't even know what this Tron thing is!
250,000 users in 24 hours, that'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_binance/status/948954415662219264
Mental experiment/valuation. At $8 billion daily volume & 0.2% fee on each trade, that'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'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'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's high though.
