Fundamental Binance Coin (BNB) analysis for long and short term investments


At present around 5,000 cryptocurrencies have been registered with several CoinMarcetCap, CoinGecko, and other crypto data sites. Of course, that number is very crazy and ridiculous, this also underlies some observers who say around 99% cryptocurrency will fail (shitcoin).

If the observer's analysis is correct and that means that only about 50 cryptos are worth an investment, then questions will arise; which coins are suitable for investment?

First, to identify which type of crypto is worth the investment. You can start by knowing the purpose of using crypto, for example using it as a token.

Most exchanges have their own exchange tokens, such as the BNB Binance Exchange. Exchange tokens are usually used as transaction fees, discounts, exclusive access, and others.
Therefore, the Token exchange is very close to a company's stock or something of value in the real world.

This article will discuss more Binance Coin (BNB), and see more about the features, adoption, utilities, and retail that will be faced.

About Binance Coin (BNB)
BNB is the original exchange token from the Binance exchange, BNB is classified as a new Coin because it was created in 2017 by Binance CEO Chempeng Zhao.

In addition to offering crypto selling/buying products, Binance also offers other products including:
  • Initial exchange offering (IEO) platform
  • Binance DEX
  • Binance Charity
  • Crypto futures trading
  • Loan and betting products
  • Service for buying crypto with traditional money

Judging from the products they offer, Binance is arguably having the complete crypto ecosystem and the features presented are also the fastest-growing features in the crypto world.

Binance Coin Adoption (BNB)
BNB was originally built on the Ethereum blockchain (ERC-20) but later migrated to the self-made blockchain [Binance Chain].
Because it is the main utility token in Escalist Binance, BNB has its own place including:

  • BNB is paired with another crypto in trade "in effect at Global Binance and DEX". Also, BNB is traded in other countries outside Binance
  • BNB can be used as a transaction fee at the Binance exchange. Transaction fees are 0.1%, but you will get a discount if you use BNB as a transaction fee.
  • All new coin trading on Binance LaunchPad can exclusively be bought with BNB.
  • BNB can also be used as a payment tool in several Binance partners


The point is BNB is widely used for various activities in the Binance ecosystem, this factor allows BNB to become more valuable and helps BNB be a good investment.

Imagery
BNB and Binance are often well reported, although some hacking cases attack Binance. However, the image of Binance in the eyes of fans and the press is still considered good.

Not to mention CEO Binance also often shares knowledge and greets fans on social media which makes their image good in the eyes of users.


Related article How to Get Money from the Brave Browser

Bonus
Binance also launched the Binance Academy, a platform to learn cryptocurrency, blockchain, and other related matters. The Binance Academy is available in a variety of languages.

Conclusion
BNB's popularity is proven by entering the top 10 on several crypto data sites. If Binance continues to expand its products, there are many reasons to invest in BNB.

The BNB market has been bearish lately, but this I think is subject to some non-technical factors and this is also the end of the year, many people sell their coins to celebrate the new year.

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Fundamental Binance Coin (BNB) analysis for long and short term investments Fundamental Binance Coin (BNB) analysis for long and short term investments Reviewed by sheffter on December 22, 2019 Rating: 5

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