Why I Bought BNB Today

By Cryptofab | Cointune | 11 Sep 2023

I bought BNB today because it was close to $200. I believe that Binance, the world's largest cryptocurrency exchange, will do everything they can to maintain BNB above this level. Binance has a vested interest in the success of BNB, as it is used to pay for trading fees on the exchange, as well as for gas fees on Binance Smart Chain. Additionally, Binance has a history of burning BNB tokens, which reduces the supply and drives up the price.

Technically, the last time BNB price went so low was in June 2022 after Celsius collapse.


Although Binance is a centralized exchange, and the BNB price might be manipulated, I'm willing to make that bet on the BNB token.

Disclaimer: This is not financial advice. Please do your own research. Crypto is highly volatile, and trading any cryptocurrency is very risky.

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