With the end of the bull market cycle and the arrival of the bear market cycle, there’s a currency pair strategy that will be valuable in the next year: going long on the BNB/ETH exchange rate. The logic is that BNB’s current buyback isn’t based on exchange revenue or profits but on an algorithm. The overall effect of this algorithm is to provide support during the bear market and reduce elasticity during the bull market. Meanwhile, ETH will likely face challenges as the DAT strategy’s buying power nears exhaustion. In the bear market, we might even see DAT companies forced to sell tokens to buy back stocks due to MNAV dropping significantly below 1. Over the next year, the BNB/ETH exchange rate should trend upward for the long term. Of course, the exact entry point requires more precise timing. We’ll need to wait for this wave of BNB buying power driven by memes to weaken and adjust first. BNB ETH