The platform currency has begun to show its power, which platform should I bet on?
During the weekend, DeFi continued to do things, but this time it shifted from the real DeFi to the DeFi on Cex. OK and Binance did things together, and the two major platform currencies of Okb and BNB rose slowly.
There must be a reason for such an exciting market. The main reason is that the layout of the two major exchanges in DeFi has revealed their true colors recently.
The first is OKEX. OKEX has launched a completely open source public chain with open nodes. Anyone can apply to become a super node of the public chain. It is a completely decentralized public chain.
The original name of the public chain was OKChain, probably in order to better show the DeFi characteristics of OKex, and it was renamed the OKEx transaction chain.
According to the official introduction of OKEX, OEC means that any individual or community organization can build their own blockchain application based on OEC. It gives every participating node the right to enjoy the same status, allowing users to publish and run various decentralized applications unimpeded, issue their own digital assets, create their own digital asset trading pairs, and conduct free transactions , the cross-chain technology it adopts is the key to realizing value landing. Through the cross-chain module, the value intercommunication, user intercommunication, and scene application interoperability of the blockchain are realized simply and efficiently, and finally the co-construction of the ecological system is realized and the value-added system is built.
According to the introduction of OKEx, there are eight main features, and the performance is quite complete. Of course, whether the specific situation is as good as they said, it needs to be viewed from a cautious perspective. It is best to try it at a small cost first.
Binance launched the "Smart Chain" without any hesitation. According to Binance's introduction to "Binance Smart Chain", it is roughly that the Binance Smart Chain will operate as a parallel chain of the Binance Chain to realize the creation of smart contracts and BNB pledges. Mining and other functions, while supporting individuals and/or institutions to collect BNB entrustment and become the verification node of this new blockchain. In addition, the Binance Smart Chain community will launch more practical tools this month to serve functions such as the issuance and transfer of encrypted assets, BNB staking mining, and dApp creation and use.
In addition, at the "The World of DeFi" online summit on September 11, Binance founder and CEO Changpeng Zhao announced that he will set up a US$100 million seed fund to support the ecological construction of the industry and create ecological synergy between CeFi and DeFi.
It seems that both parties have invested heavily in the newly launched DeFi business.
Originally, the incident developed so peacefully, and the platform coins of the two major exchanges also rose back and forth, but with OKEx CEO JAY criticizing the "Binance Smart Chain" on Twitter, the situation became interesting up.
JAY accused Binance Smart Chain of allowing its team to change the data on the chain at any time, which is indeed contrary to "decentralization" and also different from real DeFi.
Afterwards, Binance did not respond too much. Occasionally, some big Vs who supported Binance responded, no matter whether it is real DeFi or not, as long as the currency price rises quickly, everyone will support it. Basically, the problem JAY said is solid. It does exist.
For investors, the reputation of exchanges is generally not very good. Most of the exchanges’ quarrels with each other are just fighting each other in the eyes of outsiders. Most investors will not clearly distinguish who is right and who is wrong.
From a transaction point of view, investors are indeed faced with a choice. For example, the two DeFi models of OKEx and Binance, whether to directly choose more reliable products or directly look at the increase in currency prices. Under normal circumstances, most investors will Choosing the latter is indeed a feature of the currency circle, so I still choose based on my own preference.
No matter what these two exchanges do, the ultimate goal is for traffic and the value of the platform currency. Now the value of the platform currency has begun to show. As we said at the beginning, the platform currency will definitely start the market. Hot spots, the exchange will never ignore them, so you can continue to pay attention to the future trend.
As for Ht, these two days I watched BNB and OKB cry silently.
Going back to the market, two days on the weekend, the market once rushed to $10,500 and reached around $10,600, but faced with the key pressure level, it was directly suppressed, and the market also quickly fell to around $10,200, and now it is back below $10,400 hovering.
There is still little change at the daily level, and the small target still hopes to stand firm at $10,600, otherwise it will be difficult to affect the market at the daily level.
It can be seen from the hourly line level that $10,400 is still functional, mainly because it hit the position many times in the early stage, but all ended in failure, and after finally breaking through successfully, it also stepped back to confirm the validity of the position , just continue to go up.
At present, it has returned to below this position, and it has also rebounded to around $10,400, which means that it will face another pressure level of $10,400. During the day, we will still pay attention to the suppression of this position. Given that yesterday was a negative line that rose and fell back, today’s upward strength is doubtful. , the probability of a short-term breakthrough is still relatively high, but we need to pay attention to whether we can stand firm.
Let’s talk about two star platform coins——BNB and OKB
BNB rose by more than 30% in a single week last week, and it was the first time in more than a year that it stood at 30 US dollars, and it was only 7-8 US dollars away from the historical high. The last increase was due to IEO, which refreshed the historical high. The second is because the DeFi version of IEO also has the opportunity to go one step further from the historical high.
In addition to the considerable increase last week, the trading volume also reached a new high in the near future. There will still be opportunities to rise in the future, but the problem now is that for safety reasons, we need to wait for a callback. The callback mainly depends on the support at the time of the retracement of $30. Condition.
OKB’s increase is not as high as that of BNB, but the weekly increase has also exceeded 20%. The overall situation is quite gratifying. Due to the strong rise in February this year, OKB also set a new record high at that time. The overall situation is similar to BNB, far from the historical high. That's a dollar short.
In fact, the current driving factors for the rise of platform coins are the same, that is, the newly launched DeFi concept. It is difficult to judge which of the two has more advantages. Binance has more money, more customers, and can pull the market. There is no problem with price fluctuations. I am afraid that there will be unreasonable ups and downs in the future. This is still quite a risk. Binance has been down three times in the past month, and some of them have been down for no reason.
In terms of OK, the number of customers is not as good as that of Binance, and the money is not as much as that of Binance, but OK’s projects are good, and the effort is quite sufficient. In the long run, OEC is still valuable.
As mentioned above, you still need to judge according to your own investment style.
