Binance CEO Richard Teng emphasized that investing in the sector is still early, emphasizing that it is still early to invest in the sector.
Market Description from Binance CEO
Binance CEO Richard Teng discussed a frequently encountered misunderstanding in the crypto currency world. Teng questioned the widespread belief that it was “too late” to be included in the crypto with a last tweet. Many people, the best opportunities that have already escaped from the sector, indicating that Teng, this false belief, the world that caused the innovations that lead to ignoring the world, he said. “A widespread misunderstanding about crypto is too late to take care of it. Many believe that the best opportunities have passed, which makes them overlook the innovations that transform them, the world and industries,” he said.
Binance CEO’s statements, Blockchain technology and crypto adoption is still in the early stages, new projects and usage areas emerge every day. As the crypto money market continues to develop, it continues to offer new opportunities for investors and innovators.
Bitcoin and other crypto currencies recover
Teng’s statements coincide with a period in which the crypto currency market shows signs of recovery. Bitcoin and other large crypto currencies are traded in the green area after the latest corrections. While Bitcoin remains constant around $ 88,000, investors expect the announcement of important economic data such as personal expenditure data from the US (PCE). These data can directly affect Bitcoin prices by affecting the Fed’s interest decisions. In the last 24 hours, large crypto currencies such as Solana’s Left, XRP, Bnb Chain’s BNB and Ethereum (ETH), while Dogecoin (DEGE) increased by 11 %.
Shiba Inu (SHIB) provided a 14 %increase. Increased interest in breast tokens and an increase of 228 %in the shibaswap stock exchange in the last 30 days helped Shıb to rise. In the futures contracts that follow SHIB, it is seen that open positions increase by more than 20 %, which shows that volatility may increase.
An important development for the markets was that Gamestop’s adoption of the board of directors as a treasury reserve presence. With this decision, the company joined the list of public companies that included Bitcoin in the treasury strategy. In addition, Blackrock’s BUIDL Fund began to operate at Solana Blockchain. The fund, which operates in Ethereum last year, is currently holding cash and US treasury bills at the moment and is expected to reach $ 2 billion until April. These developments show that large asset managers continue to adopt blockchain -based financial products.
