Opinion: The launch of dogs on Binance may bring an early end to the mini-game trend

The article suggests that the listing of $dogs on Binance may lead to the premature end of the small game market hype. The key points are: 1. Binance can trigger market hype for any track, such as ORDI and SATS. 2. Binance can do this because it has a huge user base, and where there are people, there is speculation, and where there is speculation, there is buying power. 3. However, the characteristics of speculative buying power are that it requires a large and rapid increase. 4. But Binance cannot defy the objective laws, as the underlying asset must have buyers, and preferably a continuous flow of funds. 5. The prosperity of NOT is difficult to replicate, as it requires too much capital to pump the market. 6. The benefits of pumping NOT and pumping subsequent tokens are different. For TON and related stakeholders, pumping to sell or ignite the ecosystem is a good thing. But for the exchange, pumping is mainly to attract new users, and NOT's user acquisition data should be better than dogs. 7. Whether a coin can continue to rise in the long run ultimately depends on its intrinsic value. The trend of NOT after the pump is basically a downward path, with the big players gradually selling to recover their costs. 8. It is unlikely that dogs can replicate the 6-fold pump of DWF. Although the current high funding rate makes it easy for big players to short, the logic is different from NOT. 9. The TG ecosystem has value, and the next stage will be those with traffic, users, and real income, which may be in the form of "small programs" rather than just small games. 10. The ultimate goal for projects is to be listed on Binance, but Binance opposes projects that only aim to be listed and repeatedly harvest users. Projects that can survive and thrive without issuing their own tokens, like Binance issuing BNB, are more likely to be listed on Binance and enter the next stage of small games.