BNB Has Not Found Its Value Yet

in LeoFinance2 months ago

The cryptocurrency market continues to grow day by day. The total value of the markets reached $ 2.23 trillion. Binance Coin (BNb) surpassed $ 85 billion in market cap, becoming the third largest cryptocurrency by market cap.

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BNB, the local token of Binance, the world's largest cryptocurrency exchange, broke the all-time record, rising to $ 637 on April 12. It dropped to $ 570 with the incoming sales pressure, it is currently trading at $ 549. BNB has been making a horizontal chart for a few days and signaling a bullish trend.

When I examine it in general, BNB investors are not in a hurry to sell. Most investors are holding their BNBs. In addition, some BNB will be burned in the coming days and will be removed from the market forever. Even the news that BNBs will be burned increased the BNB by almost 100%. Investors hold it as they believe BNB will gain more value.

In addition, one of the reasons behind this rise and success of BNB is Binance Smart Chain (BSC). Binance, who wants to get a share in the DeFi market and compete with Ethereum, can be said to be a factor in the rise of BNB with its moves.

In short, BNB has not yet reached its real value and is still trading below its value. When we look at the cryptocurrency markets in general, there are still new opportunities for BNB. BNB has the strength and determination to exceed $ 1,000 in a short time.

In short, BNB has not yet reached its real value and is still trading below its value. When we look at the cryptocurrency markets in general, there are still new opportunities for BNB. BNB has the strength and determination to exceed $ 1,000 in a short time. BNB may move horizontally for a short while, but then it will catch a rapid rise in the upward direction.

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