BNB is next for the bull.

Everyone's Forgetting About BNB

By Hamminy | cryptoinvesting | 14 Dec 2020


While everyone is looking for the next "untouched locap hurr durr gem," the best deals are staring you right in the face. Binance Coin (BNB) is a surefire winner to me in the next few months. It deserves to be placed right up there with BTC and ETH in terms of utility to the community, and the company behind it has shown itself to have integrity as well.

BNB Pricing for the Next Bull Market

I can see BNB doing a 2X before summer 2021. I've seen coins with far less utility and scale generate hype that catapulted them to the moon...and they quickly fell out of the sky for a quick return.

I'm calling it. BNB @ $50 steady by April 2021. This won't be a touch and go $50. This will be you-can't-get-BNB-for-any-less-than-$50-any-more type deal. This may happen before or after bitcoin falls back to the 20-day MA (around $13.5k), but after that pullback, $50 BNB will be the norm.

Why?

  • Binance is huge, but is maintaining its independence. Binance is the only billion dollar company that is exercising any sort of resistance to government interference in the crypto market. Unlike many of its competitors, the Binance exchange gave warning for US users to get the hell off the platform instead of suddenly locking withdrawals. To me, that speaks to the leverage the platform has when negotiating with governments. You can't just disappear one of the Binance founders and force them to give up the keys.
  • Binance has options. Binance has everything you could want from an exchange — a DEX, a launchpad, leveraged tokens — everybody else is playing catchup or trying to specialize. Institutional investors can come to Binance and get a good experience in the same way as retail investors, and there's enough volume there for everyone.
  • Binance Smart Chain is a better Ethereum. Yes, BSC is only supposed to be a sidechain to the Ethereum network. But it is creating some novel innovations of its own, and many of the dapps on Ethereum that are slow and cloggy are much better on BSC. Take Cream for example. I will not use it on Ethereum, but it's one of my favorite things to use on BSC even if it doesn't have the staking pools or rewards.
  • The Foundation is committed to new innovation. The folks in charge at Binance are constantly investing in new things, some of them decentralized projects. That shows a lot of forward thinking.
  • People have forgotten about the BNB token. Honestly, BNB should be moving in tandem with BTC and ETH, but it's not. BNB movement is much more muted and sideways between $27 and $33. This is an accumulation zone. Smart money is picking this thing up, and when the idiots finally remember that BNB exists, it's going to skyrocket fast.

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