Take today's $BNB as an example. This wave of 5-point increase can be eaten with a little attention.
Today, the transaction volume of BNB Chain (DEX) has increased sharply, especially the various "local dogs" on the BSC chain have increased a lot, such as $MANSA and $PALU, which has attracted a lot of capital and attention.
Behind these "dog-beating" operations, there is actually a simple market logic hidden, and you can make money by simply analyzing it.
For example: to participate in "dog beating" (i.e. trading meme coins) on the BSC chain, you must first hold $BNB because it is the native token of the BSC chain and the main fuel for on-chain transactions.
First you have to buy $BNB first, and then exchange $BNB through DEX for your favorite "domestic dog" tokens, such as $MANSA or $PALU. When you decide to close your position, you need to sell these "local dogs" and redeem them back to $BNB in order to finally cash out or transfer funds.
This means that as long as someone "beats the dog" on the BSC chain today, whether it is buying after the rise or selling at the stop profit or stop loss, it is inseparable from the frequent buying and selling of $BNB.
This repeated redemption behavior will directly push up the demand for $BNB against the background of a sharp increase in trading volume. With the increase in demand and the amplification of market sentiment, the price of $BNB will naturally have the momentum to rise. Not to mention that on-chain transactions also require gas fees (also settled in $BNB), which further amplifies the usage and circulation speed of $BNB.
So, even if you don’t know how to beat dogs, you can judge whether $BNB will rise in the short term based on the popularity of hitting dogs on the chain and the trading volume exchanged for $BNB
As long as funds continue to pour into these meme coins, $BNB buying will continue to accumulate, and the price increase is almost an inevitable result.
Similarly, $sol (Sorana) is the same. The reason why it rose so much before was because a large number of people were constantly buying $sol to hit local dogs on the sol chain, which led to the continuous rise in prices. These are simple market logic analysis. As long as you are careful enough, you can make money.
{spot}(BNBUSDT)
#BNBChainDEX trading volume exceeds Solana
