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Video: Does Binance Coin Deserve A Top Spot?

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Today’s Video Briefing covers the newest cryptocurrency in the top ten: Binance coin, whose market cap edged past Bitcoin SV in a day of double digit gains. BNB is already starting to retrace, but is it good enough to stick around?

Kiana explains some of the reasons why investors see BNB as a good bet. Unlike most utility tokens, BNB’s value is anchored to one of the most successful exchanges in the crypto-space, with regular buybacks and token burns to prevent the supply from becoming too diluted. There’s also a clear roadmap, with some big milestones on the horizon: new token sales, a new DEX, and a new blockchain are all giving BNB investors something to look forward to.

But how does the road look in the short term? Kiana takes a look at the technical charts to see where the price is headed. Although the trend line has been inching upwards, BNB has a long way to go before it can recover to last year’s highs.


SIMETRI Research

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DISCLOSURE

Authors at Crypto Briefing are invested in cryptocurrencies. The author of this post may be invested in digital assets mentioned here.

Kiana Danial
Kiana Danialhttps://www.investdiva.com/
Kiana is an experienced crypto and forex trader who is currently writing 'Cryptocurrency Investing For Dummies'. She is also the CEO of Invest Diva, and "Invest Diva's Guide to Making Money in Forex" was picked by McGraw-Hill and became an immediate international success.

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