Hard not to love BNB - but.....
Its hard not to like BNB, BUT its also important to remember its not a totally distributed blockchain - plus its partially manipulated by Binance (with rules partially disclosed by its charter). The buy back program is potentially good, but one shouldn't forget that if confidence is lost, prices will still fall, even with a buyback program. What really drives the price is confidence and its Chinese connections (which is clearly partially responsible for BTC recent rise).
Also, while you can see its the strongest of the group (even against BTC), its still correlated to the group! And the general tend is to consolidate right now, so we think that its a neutral play - best of the group, but its more likely to trend a bit lower then go higher until the rest of the group stabilizes.
Also, while you can see its the strongest of the group (even against BTC), its still correlated to the group! And the general tend is to consolidate right now, so we think that its a neutral play - best of the group, but its more likely to trend a bit lower then go higher until the rest of the group stabilizes.
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