Hello Steemians, it has been a long time since I wrote my last post. I haven't had enough time for Steemit (Yeah, I know it sucks). I hope that all of my followers are still active and will read this post.
In this post, I am going to write about why I think that Binance Coin (BNB) is a good investment.
About six months have passed since the BTC price fell down from $8000 to $almost $3000. I remember how people reacted; Many said that the Bitcoin is going to die and disappear from this world. However, there were also a few people who bought BTC right at that moment, just like my friend, Dan. Who bought more than 10 BTC at the price of $3500 (You can calculate his profits til this day :P).
What did I think about the "BIG DUMP"?
At that moment, I was afraid of course as I saw my money dropping as BTC became worthless and worthless. But I know that the outstanding technology of the Bitcoin is too good to disappear from our world.
That's why I was looking for ways to increase my BTC amount. I know that the dump must be over and then it will make a comeback even to $100k (I hope so).
I found an interesting crypto coin which is called BNB (Binance Coin). As its name mentions, this coin is related to Binance which is one of the biggest and most active crypto exchanges exist on the internet. This coin is basically used as fees per tasks on this exchange. Therefore, BNB's volume is bigger than ever! This is BNB's volume in the past 24 hours:
$506,055,210 USD
60,322 BTC
As you can see, the volume is pretty big which means that this coin is "alive". Its price is currently standing at ~$32.
You can see in its graph that it fell from $9 to $5 (80%) similarly to the Bitcoin. However, its regeneration is crazy! You can see that its price went up from $5 to almost $32 in less than half a year which is crazy! (640% up).
I don’t like that Binance’s DEX is centralized, it shouldn’t even be called a DEX.
Posted using Partiko iOS
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I agree with you. I bought BNB at $12 and already gained more than 100%. As crypto currency awareness and trading grows, Binance will grow. I think in next 10 years Binance will give a nice return.
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A very good content. Well I agree with you as it also part of my investment right now with VEIL. You can consider checking VEIL out it also shows a huge growth more than bitcoin and can even be more than the profits in BNB. Thanks for making people to know this, it's really kind of you.
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You are totally right, bnb EOS and veil privacy coin are my top altcoins l invedted this year and all doing well in my portfolio so far
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I do not believe that BNB is the best coin to buy right now. I still believe it is over priced and overhyped by CZ. I would rather go for cheaper coins like Icx, Veil, Neo, and XRP they would bring more gain to me than BNB
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Well, the fact that Binance got a good exchange and dex makes the price of BNB to skyrocket. Is it a good buy now? I regret not buying @$6. Well, as it stands now, I got my eyes and bagged some other undervalued alts. Veil, XLM and Bat are at the top of my portfolio. These got my tears dried #smiles
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BNB isn't my favorite. I love the fact that it is the token of Binance exchange. Moreso, my favorite crypto coins are Eth, veil and ICX.
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I totally agree with you, bnb is my best performing altcoin this year, along side matic, one and veil before it retraced
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