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BNB Chain Projects Dominate Binance Wallet With 2,000x IDO Returns
The BNB Chain ecosystem is experiencing significant growth, with Binance Wallet leading IDO launchpads in profitability. Key points include:
- BNB Chain projects dominate Binance Wallet's top ten IDOs, achieving up to 2,000x historical returns.
- Binance Wallet shows a 4,495% ROI and an ATH return of 7,976%, surpassing other IDO platforms.
- MYX Finance leads with a 2,102x ATH IDO return, having a market cap of $2.07 billion.
- Other notable projects with high returns include OKZOO (413x) and Alaya AI (40x).
- Nearly two-thirds of Binance Alpha’s launched projects are BNB Chain tokens.
The native token, BNB, is experiencing a rally, closing in on the $1,000 mark:
- BNB recently reached a $943 ATH before settling around $920-$935.
- A breakout above current resistance could push BNB towards $1,300, while rejection may lead to a retest of the $900 level.
- BNB is currently trading at $936, marking a 7% increase over the week.
