BGV skyrocketed thousands of time may surpass YFI and lead the DeFi field in the future!
There is no doubt that YFI alone overturned the DeFi market boom in the first half of 2020. So far, YFI’s fresh information has never been absent, and recently it has been frequently searched by major media. The price of its currency far exceeds the price of Bitcoin, and it also makes the capital market notice that the DeFi market has such an investment value.
The popularity of DeFi has gradually led to the emergence of more projects, and Baccarat is one of the most concerned. It condenses the core bottom technology of the NGK blockchain and is built by the top technical team in Silicon Valley, laying a good foundation for its commercial application. As its dedicated coin, BGV, it has also attracted the attention of many investors.
In just one week, the price of BGV skyrocketed a thousand times, and the 24-hour turnover reached 1.237 million US dollars, and the return on investment was as high as 97,882%. The hottest YFI in the DeFi market has a return on investment of 82903%, which is far less than the return on investment of BGV. Although the current market enthusiasm for BGV cannot surpass YFI, but the capital market is changing rapidly, and no one knows what will happen in the future. As from the perspective of currency investment properties, BGV is a long-term holding currency, and its development path is similar to YFI. However, it has advanced technology that YFI does not possess, so in the future, BGV may surpass YFI and lead the DeFi field.
From the current point of view, the skyrocketing of BGV is not accidental. From a professional point of view, there is a certain inevitability. First, is that BGV’s official NGK puts all coins into the reserve pool and does not retain any pre-mined coins. This makes the distribution of BGV extremely fair in the DeFi market. Every market maker that pledges assets bears the same risk and obtains the same profit. Second, the total amount of BGV is very limited. A total of 60,000 pieces are issued, of which 10,000 pieces will be used for airdrops, which makes BGV’s market easy to gain. The third is that BGV’s income is very high. The annualized rate of return can reach 1000% or even higher. This configuration is very beneficial to BGV. It can be said that from the beginning of configuration, BGV has stepped into the skyrocketing door.
However, just looking at a one-day surge is useless. To invest in a token, the most important thing is to see whether the currency can be held for a long time and has long-term investment value. After BGV skyrocketed, there was a technical callback, which is very beneficial to BGV, because technically, BGV is stabilizing, avoiding future lightning drops. In other words, the current callback of BGV is for the long-term rise in the future. In addition, BGV’s callback has been completed yesterday, and the coin price has risen today, with an increase of 14.98% in the 24-hour period.
On the other hand, from a technical point of view, Baccarat, the main body of BGV, also has unique advantages, which can avoid the current disadvantages of YFI. On the one hand, lower handling fees have saved transaction costs for small and medium retail investors and institutional investors, which is conducive to large-scale market expansion. On the other hand, the large storage capacity and high throughput enable it to support large-scale transactions, which is not easy to cause network stalls and can bring a good user experience. The above two points are conducive to Baccarat to further expand the market, thereby pulling up the price of BGV.
Undoubtedly, the capital market has never lacked surprises. For professional analysts, BGV with the support of the NGK technical team may be able to usher in its own highlight moment in a short time. Like YFI that broke out in a short time, who knows BGV wasn’t the next dark horse?