Investment Disclaimer:

• I am not a registered investment, legal, or tax adviser or a broker/dealer, and all opinions expressed by me are from my research for educational purposes only.
• Past performance presented here is not an indicator of future performance.
• This post expresses my own opinion about the cryptocurrency mentioned herein and is not an offer to buy or sell, or a solicitation of any offer to buy or sell the cryptocurrency mentioned in this post.

1. Top 3 Good News for BNB HODLERS !!!

• Binance Coin (BNB) Bull Run: Analyst Makes Bold Case for $500
  Statistic as of 2 Apr 2021 12:11 PM EDT: 17 positive votes, 0 negative votes
  
  
• Charted: Binance Coin (BNB) Pumps Above $300, Why Bulls Could Aim New ATH
  Statistic as of 2 Apr 2021 12:11 PM EDT: 16  positive votes, 3 negative votes
  
  
• Binance’s BNB Spikes Wildly as Crypto Market Recovers $250bn; What’s Next?
  Statistic as of 2 Apr 2021 12:11 PM EDT: 11 positive votes, 0 negative votes

2. Top 2 Bad News for BNB HODLERS !!!

• Binance Smart Chain DeFi Project Hacked for $31 Million
  Statistic as of 2 Apr 2021 12:11 PM EDT: 3 positive votes, 37 negative votes
  
  
• Binance-Based DeFi Project TurtleDex Rugpulls, Converts 9,000 Stolen BNB In ETH
  Statistic as of 2 Apr 2021 12:11 PM EDT: 4 positive votes, 16 negative votes
  

3. How Binance Coin Performs Relative to Other Cryptos ?

As of 2 April 2021, BNB has made a cumulative return of 2526.02% since Jan 2020 and 917.32% since Jan 2021. It is currently the 2nd greatest performing crypto asset since Jan 2021 as compared to the other cryptocurrencies presented above.

4. Technical Analysis on Binance Coin

4.1. Volume Weighted Average Price (VWAP)

4.2. Moving Average Convergence Divergence (MACD)

4.3. Bollinger Band

4.4. Relative Strength Index (RSI)

Based on the technical analysis presented above, BNB has been trending up very high this week, and quantdoge thinks that there is a possibility for BNB to pullback in the near term to a lower price level, but I could be wrong, hence, please make careful due diligence before making any decision.

5. Binance Coin Risk Profile

Based on the 100-day 95% historical Value-at-Risk (VaR) profile of BNB defined above, there is a 5% probability that BNB could lose more than 8.01% of its current value in any single trading day with its worst pullback being recorded at 27.51% on a single day during the last 100 days. BNB is becoming riskier on 2 Apr 2021 as compared to 10 days before on 24 Mar 2021. 

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If you are into Ethereum (ETH) and Bitcoin (BTC), I have made a similar analysis on them at:

• 1 April 2021 (THU)- Bitcoin (BTC) Daily Risk Report
  
  
• 1 April 2021 (THU)- Ethereum (ETH) Daily Risk Report

If you like my analysis and articles, please follow me at @quantdoge for daily updates.