Jiang Zhuoer: Expects CZ and Binance to Drive the 'Coin-Stock Flywheel,' Unlikely for BNCB to Fall Below $5.76

BlockBeats news, September 18: Jiang Zhuoer, founder of LEBIT Mining Pool, stated in a post that the bStock token BNCB, corresponding to the BNB treasury company BNC, had once dropped below $5, which is a rare opportunity with high profit certainty. The $5.76 level was the starting point of the rally after CZ forwarded the BNC renaming vote post, and it is unlikely to fall below that level again. At the same time, at $5.76, mNAV=61%, and any further decline would be equivalent to buying BNB at a 50% discount. Therefore, he believes that $5.5 to $5.76 is a good buying point.

In addition, buying small-cap stocks with leverage carries relatively high risk, so he suggests buying bstock spot, which is BNCB. He believes that CZ and Binance will push forward the "coin-stock flywheel," and expects more related events to follow.

Today, Binance founder CZ stated that he participated as a community member in the vote soliciting names for the renaming of BNB treasury company BNC. After weighing multiple candidate names, he found that his choice was consistent with the voting results of other community members. CZ said he supports "BNB Standard" more and called the name more powerful. BNC previously launched a consultative vote inviting the community to suggest future names for the company, with candidates including: BNB Reserve, BNB Strategies, BNB Treasury Company, and BNB Standard. BNC stated that the vote does not constitute a shareholder vote, and the final name must still be approved by the board of directors and undergo legal review.

Affected by this news, CEA Industries bStock (BNCB) continued to surge past $6.5, with its 24-hour gain expanding to 33%.