"Bluebird Indicator" meets "Meta Indicator", will SOL/MATIC/AR/FLOW be the next Binance product?

"Dumb but effective! Coins that surge with just one sentence: DOGE, FTM, SOL, CHZ" highlights the powerful imagination of the crypto market towards news. Speculations about Elon Musk acquiring Twitter and possibly introducing cryptocurrency applications have prompted the exchange Binance to launch the "Bluebird Index," tracking three coins - BNB, DOGE, MASK - that are "micro-related" to Twitter. As a result, the MASK token surged by over 70%.

• BNB: Binance becomes a Twitter shareholder
• DOGE: Elon Musk's favorite cryptocurrency, potential for payment integration
• MASK: Unofficial crypto wallet plugin usable on Twitter

On 11/3, Meta announced the opening for creators to create their own NFTs on Instagram, supporting the decentralized storage protocol Arweave for image storage, causing the Arweave token AR to surge by 65% in a single day. This has led the community to speculate if Binance will follow suit. Renowned crypto investor Andrew Kang stated: "I bought all the Meta concept tokens on Binance before they announced the Zuckerberg investment portfolio."

Meta Concept Coin? It's All Old News

In fact, Instagram's NFT-related features have been planned at least since May of this year, with support for Ethereum, Polygon, Flow, and Solana in the works.

Because the crypto community is once again mentioning the potential of SOL, MATIC, and FLOW, FLOW surged 14% in a single day, MATIC 11%, and yet SOL remains unaffected.

The decentralized storage protocol Arweave AR provides a way for NFT image files to "permanently exist," and was highly regarded during the NFT craze. The collaboration with Meta has once again brought AR to market attention.

Currently, the Arweave protocol stores files totaling 104 TiB, and the storage cost per GiB at the time of writing is 0.213 AR/GiB. 1TiB = 1,024GiB, meaning that storing 104 TiB would require a one-time fee of 22,684 AR. Only with more files stored in it in the future can it potentially drive demand.

Concept Stock Index Boosting Demand?

Within less than 24 hours of launching the "Bluebird Index," Binance has already accumulated a trading volume of 29.42 million US dollars, second only to the football index that has been launched for some time.

Regardless of how relevant these index portfolios are to the topics themselves, for users, it is a choice not to miss any potential opportunities. As an exchange acting as the banker, it can promote trading activity in a bear market to increase profits.