BNCB surged directly by 33% today, breaking through the $6.5 mark.
The logic given by Jiang Zhuoer is very simple:
Around $5.76, the mNAV is only about 61%.
If it falls further, in his calculations, it would essentially mean getting BNB-related exposure at a 50% discount price.
So he believes the $5.5–$5.76 range is worth paying attention to, and this time he didn’t use leverage—he bought BNCB spot directly.
What’s even more coincidental is that CZ also personally took part in BNC’s renaming vote today, supporting “BNB Standard.”
Jiang Zhuoer thinks that Binance may continue to push the so-called “coin-stock flywheel” afterward.
BNCB has already pulled up from around $5.76 to above $6.5.
The next thing to watch for this trend line is one question: will CZ and Binance continue to provide BNC with traffic? $BNCB #BNC暴涨
The logic given by Jiang Zhuoer is very simple:
Around $5.76, the mNAV is only about 61%.
If it falls further, in his calculations, it would essentially mean getting BNB-related exposure at a 50% discount price.
So he believes the $5.5–$5.76 range is worth paying attention to, and this time he didn’t use leverage—he bought BNCB spot directly.
What’s even more coincidental is that CZ also personally took part in BNC’s renaming vote today, supporting “BNB Standard.”
Jiang Zhuoer thinks that Binance may continue to push the so-called “coin-stock flywheel” afterward.
BNCB has already pulled up from around $5.76 to above $6.5.
The next thing to watch for this trend line is one question: will CZ and Binance continue to provide BNC with traffic? $BNCB #BNC暴涨