Binance Coin is a hidden gem.

By MadMaxx | Psycho Crypto | 9 Feb 2020


Ever heard of BNB?

BNB is the native token of the exchange Binance.

It was originally created to be used as a means of payment on the Binance platform. 

But when other exchanges started offering trading pairs with it, Binance took the cue and did the same.

And now, Binance with ticker symbol BNB is publicly traded on many major exchanges.

So what exactly makes BNB a hidden gem?

Let's take a look at the chart to see.

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If you don't understand what you see here, don't fret. I have a ton of posts explaining my chart art(because I'm the freaking master of chart art yo!). Check out my blog to see them.

As you can see, BNB is only bested by Tezos in the altcoin market today, with BNB appreciating by over 10% on the day.

BNB has also been in a strong uptrend since the start of the year, and it doesn't look like the momentum will stop anytime soon, as the volume histogram shows higher volumes and lesser sell offs.

The Bollinger bands are also about to expand which is a dead giveaway for a breakout in the overall direction of the trend: which is up.

O" This is all cool and what not. So what makes BNB special?" You're probably wondering.

Well, here is what I believe makes it special.

Imagine if you trade BNB on a daily basis and make 0.2BNB everyday. This is a very realistic number.

You also trade BTC/USDT on Binance because why not.

Your earnings in BNB could totally wipe out any fees that you pay for trading your BTC pair. I mean literally.

I personally don't pay fees when I trade, because I make profits from BNB. So all my fees come from there.

This is a 100% efficient method of completely avoiding fees, and this is what makes BNB such a gem in my humble opinion.

Not to add to the fact that it ranges like a pro and trades beautifully. BNB is really a godsend for people like me.

You could also trade it for some profits, using some of the tips I gave in my previous post on locking in profits. 

Thanks for reading guys.

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MadMaxx
MadMaxx

In the eternal quest for crypto fulfilment. I'm an obese frog on the internet, what I say most definitely isn't financial advice.


Psycho Crypto
Psycho Crypto

Fun experiments with crypto!

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