Written on the eve of the x402 narrative explosion, let me first popularize some basic knowledge: 1) Both Ping and the upcoming Pong are just the clarion calls for the x402 to explode in popularity, accelerating the market's recognition of the x402's grand narrative. Although x402's main focus is a practical communication protocol (completely lacking the need for Fomo), the market is always interested in games that are engraved on gold. 2) x402 is not an isolated technological innovation. The connectivity provided by MCP and the multi-model collaboration provided by A2A, combined with the payment capabilities provided by x402, form a complete closed loop. x402 can revitalize the entire AI agent market, including the DeAI platform with a specific ecological niche and valuable AI agent applications. 3) x402 is a crypto payment component developed by Google, Coinbase, and the Ethereum Foundation. Its goal is to enable AI agents to seamlessly process stablecoins, ETH, and other crypto assets. Furthermore, it has connected with 60 payment partners and crypto businesses. Undoubtedly, x402 will drive the convergence of web2 and web3, leading to the emergence of a diverse array of related startups, both those issuing their own tokens and those not. 4) The current market is in a narrative vacuum, desperate for a new one. The continued decline in MEME popularity, the faltering hype surrounding Chinese Ticker, the passive nature of the RWA narrative, and the lack of innovation in DeFi all point to a narrative with greater potential. The prediction market, led by Polymarket, is undoubtedly one of them. x402 also happens to be perfectly timed, and the Base ecosystem will do its utmost to promote it. 5) Before each grand narrative launch, a wave of speculative projects inevitably emerge to capitalize on the hype. These projects might simply add a line in their whitepaper about being compatible with the x402 protocol to jump on the narrative bandwagon, or simply fork a legitimate x402-related infrastructure project and issue a token. This plays out exactly like the previous wave of AI agent hype. Fortunately, with the lessons learned from the previous round, these pseudo-402 concept projects will become fuel, and truly valuable projects will gradually emerge. 6) Don’t worry. It may take 1-2 years for the x402 protocol to truly realize its value. Fortunately, there are already some good projects on the way, such as L1 KiteAI, which is designed for agent payments. , payment authentication protocol Skyfire, embedded payment channel FluxA, etc. I believe that there will be more valuable projects coming out, just wait and see!Written on the eve of the x402 narrative explosion, let me first popularize some basic knowledge: 1) Both Ping and the upcoming Pong are just the clarion calls for the x402 to explode in popularity, accelerating the market's recognition of the x402's grand narrative. Although x402's main focus is a practical communication protocol (completely lacking the need for Fomo), the market is always interested in games that are engraved on gold. 2) x402 is not an isolated technological innovation. The connectivity provided by MCP and the multi-model collaboration provided by A2A, combined with the payment capabilities provided by x402, form a complete closed loop. x402 can revitalize the entire AI agent market, including the DeAI platform with a specific ecological niche and valuable AI agent applications. 3) x402 is a crypto payment component developed by Google, Coinbase, and the Ethereum Foundation. Its goal is to enable AI agents to seamlessly process stablecoins, ETH, and other crypto assets. Furthermore, it has connected with 60 payment partners and crypto businesses. Undoubtedly, x402 will drive the convergence of web2 and web3, leading to the emergence of a diverse array of related startups, both those issuing their own tokens and those not. 4) The current market is in a narrative vacuum, desperate for a new one. The continued decline in MEME popularity, the faltering hype surrounding Chinese Ticker, the passive nature of the RWA narrative, and the lack of innovation in DeFi all point to a narrative with greater potential. The prediction market, led by Polymarket, is undoubtedly one of them. x402 also happens to be perfectly timed, and the Base ecosystem will do its utmost to promote it. 5) Before each grand narrative launch, a wave of speculative projects inevitably emerge to capitalize on the hype. These projects might simply add a line in their whitepaper about being compatible with the x402 protocol to jump on the narrative bandwagon, or simply fork a legitimate x402-related infrastructure project and issue a token. This plays out exactly like the previous wave of AI agent hype. Fortunately, with the lessons learned from the previous round, these pseudo-402 concept projects will become fuel, and truly valuable projects will gradually emerge. 6) Don’t worry. It may take 1-2 years for the x402 protocol to truly realize its value. Fortunately, there are already some good projects on the way, such as L1 KiteAI, which is designed for agent payments. , payment authentication protocol Skyfire, embedded payment channel FluxA, etc. I believe that there will be more valuable projects coming out, just wait and see!

        Highlights:  The BNB price is down 2% to $1111.46, despite the trading volume spiking 26%. The BNB on-chain demand has slipped, with the open interest plummeting 3% showing a drop in demand.  The technical outlook shows a tight tug-of-war, with the bulls attempting to overcome resistance zones.   The BNB price is down 2% today, to trade at $1111.46. Despite the plunge, the daily trading volume has soared 26% showing increased market activity among traders. However, BNB Chain has seen declining network activity, with the open interest plummeting, signaling a drop in demand.  On Chain Demand on BNB Cools Off The BNB Chain is in a state of cooldown of network activity, which indicates low on-chain demand. In most instances, when a network fails to ensure large volumes or revenues, it means that there is low demand or outflows to other networks.  BNB DeFi Data: DeFiLlama According to DeFiLlama data, the volume of the Decentralized Exchanges (DEXs) is down to at least $2.12 billion in comparison to the high of $6.313 billion on October 8, which also means low on-chain liquidity.  On the other hand, Coinglass data shows that the volume of BNB has grown by 3.97% to reach $4.95 billion. However, the open interest in BNB futures has dropped by 3.36% to reach $1.74 billion. This reduction in open interest is an indication of a conservative stance by investors since the number of new positions being opened is low. This could be an indication that investors are not so sure about the short-term price outlook. BNB Derivatives Data: CoinGlass Meanwhile, the long-to-short ratio is sitting at 0.9091. This shows that the traders are undecided on BNB price’s next move, as it sits below 1.  BNB Price Moves Into Consolidation The chart displays the BNB/USD price action on a 4-hour timeframe, with the token currently hovering around $1111.46. The 50-day Simple Moving Average (SMA) is at $1113, while the 200-day SMA sits at $1129, cushioning the bulls against upside movement. The price has mostly been trending below both SMAs, indicating that the bears are having the upper hand.  The BNB trading volume is up, soaring 26%, signaling the momentum is real. On the 4-hour chart, BNB is trading within a consolidation channel. In such a case, this pattern may act as an accumulation period, giving the bulls hind wings to break above resistance zones.  BNB/USD 4-hour chart: TradingView Zooming in, the Relative Strength Index (RSI) sits at 44.15, below the 50 level. This shows weakening momentum in the BNB market, and might lead to the RSI plunging to the oversold region if the bulls don’t regain control. In the short term, the BNB price could move up to $1113 resistance and flip it into support. A close above this zone will see the bulls target $1126 resistance, giving the bulls strength to reclaim the $1230 mark.  Conversely, if the resistance zones prove too strong, a dip towards $1012 could be plausible. In such a case, this could be a prime buy zone for the risk-takers. In the long term, if the token keeps the hype alive, the bulls may reclaim the $1375 high or higher.    eToro Platform    Best Crypto Exchange   Over 90 top cryptos to trade Regulated by top-tier entities User-friendly trading app 30+ million users    9.9   Visit eToro eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment, and you should not expect to be protected if something goes wrong.