The full Crypto market is trailing. Meanwhile, the net market cap loss is already $3 trillion. However, investors can still be hopeful about BNB, if not about its valuable competitors like Bitcoin or Ethereum.
Strikingly, Binance grew 12% in the first week of February. The police movement has been mainly due to the activity of Binance smart chain tokens. Memecoins are at the basis of it. The environment is favorable for the coin now.
But it was hard to reach this speculative level. Dini shell traction started when memecoins in the smart chain surged fees by 114% within one week. But investors say that the real traction has been the pose of Binance’s legal battle with the SEC.
The district court case will be paused for the coming 2 months now. This might be an opportunity to revive BNB, especially for the memecoins of the platform.
The coins with the best potential
There are three coins to look out for. These are the only coins with the high shot turn gain potential.
Test
The Test is the biggest meme coin on the platform. It was crafted as an academic project. BNB chain had an online course about launching meme coins. The Test was launched during one of its practical sessions.
The same coin now has a market cap of more than $183 million and marks a surprising 14% growth on Tuesday and Wednesday. The trading volume has been up by 500% to reach a value of $1.14 billion.
Andy
Designed by Matt Furie, this coin has gained 12% in the last 24 hours. The market cap is 40 million USD now.
What’s more shocking is that a buyer purchased 171 BNB worth of this coin. He now has 268.6 million ANDY. It is the biggest traction any of the BNB memecoins have gained in recent times.
Four
It is a coin inspired by the founder’s 4-tweet policy. He used this sequence of tweets to overcome uncertainty and doubt regarding Binance in readers’ minds.
This coin has a basic market cap of 900K only. But it is a mark of the legacy of Binance. There are previous controversies linked with the coin, which might help engineer speculative interest around it.
Which is the key?
None of these coins are individually the key to future success. If BNB performs well in the future, it would be due to the increased speculation around memecoins. Traders can keep an eye open on how the meme coins perform in the short run.
