The Rise of BSC: Is BNB the Next Big Thing in Crypto?
INTRODUCTION
BNB is a Binance Smart Chain token that is required to conduct transactions and manage the network.
Why does the BNB have a chance to grow in the long term?
BNB is an ecosystem token for Binance and its products. As a result, BNB has a wide application, which generates demand. The greater the size of Binance's business and ecosystem, the greater the demand for BNB, and thus the higher the price of BNB.
The current cycle has shown how locomotives from the previous bull cycle, such as AVAX, SOL, and Near, have fallen – 90-95% of their ATH. Bitcoin and Ethereum have lost 75% of their ATH. BNB, on the other hand, fell 65%, making it the best holding value of any bullrun 2020-2021 token.
Also, among major exchanges, Binance has the best chances of remaining in the market in the event of a crypto storm, as the project team demonstrated its ability to make strong-willed decisions, recognize mistakes, and adjust to market conditions.
What does it show?
BNB is owned by cold-blooded users who do not sell when the market panics and understand the asset's value and prospects. Behind BNB is a functional and profitable business run by people who know what they're doing and how to do it. Because of this business and its potential for growth, BNB, as a native token of the entire ecosystem, has a high growth potential.
Long/Short
We can consider a long-term long and token set in light of recent news and watching how Binance skillfully fights off FUD in its direction. Unless something extraordinary and unexpected happens, Binance and its entire ecosystem will pass the current falling cycle, during which time the team will develop the product even more and be ready to conquer new products and price tops.
The big question is how long the current cycle will last, and whether each long-term trader or investor has enough money and skills to live up to those peaks. Only your strategy and risk management can help you answer that question.
Also, you should always have a plan in place in case something goes wrong in the market and black swans occur; no single asset is immune to this factor, so stay alert.
Disclaimer
Our ideas are not financial advice; rather, they broadcast our thoughts on the market and our attitude toward specific assets in terms of their potential prospects based on fundamental factors.
Share your thoughts about BNB, share your trading experience with it in comments section and stay tuned with us
BNB is a Binance Smart Chain token that is required to conduct transactions and manage the network.
Why does the BNB have a chance to grow in the long term?
BNB is an ecosystem token for Binance and its products. As a result, BNB has a wide application, which generates demand. The greater the size of Binance's business and ecosystem, the greater the demand for BNB, and thus the higher the price of BNB.
The current cycle has shown how locomotives from the previous bull cycle, such as AVAX, SOL, and Near, have fallen – 90-95% of their ATH. Bitcoin and Ethereum have lost 75% of their ATH. BNB, on the other hand, fell 65%, making it the best holding value of any bullrun 2020-2021 token.
Also, among major exchanges, Binance has the best chances of remaining in the market in the event of a crypto storm, as the project team demonstrated its ability to make strong-willed decisions, recognize mistakes, and adjust to market conditions.
What does it show?
BNB is owned by cold-blooded users who do not sell when the market panics and understand the asset's value and prospects. Behind BNB is a functional and profitable business run by people who know what they're doing and how to do it. Because of this business and its potential for growth, BNB, as a native token of the entire ecosystem, has a high growth potential.
Long/Short
We can consider a long-term long and token set in light of recent news and watching how Binance skillfully fights off FUD in its direction. Unless something extraordinary and unexpected happens, Binance and its entire ecosystem will pass the current falling cycle, during which time the team will develop the product even more and be ready to conquer new products and price tops.
The big question is how long the current cycle will last, and whether each long-term trader or investor has enough money and skills to live up to those peaks. Only your strategy and risk management can help you answer that question.
Also, you should always have a plan in place in case something goes wrong in the market and black swans occur; no single asset is immune to this factor, so stay alert.
Disclaimer
Our ideas are not financial advice; rather, they broadcast our thoughts on the market and our attitude toward specific assets in terms of their potential prospects based on fundamental factors.
Share your thoughts about BNB, share your trading experience with it in comments section and stay tuned with us
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.