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Hello and welcome to another article. 

BNB is running very fast, and may soon reach $30, based on my fundamental analysis of "true value".

Here's why.

Binance is the creator of the BNB token, which is the native token of the Binance ecosystem. It is used in the payment of fees and services on all Binance services. 

For this reason, Binance coin has a very large market cap, because of the number of tokens in circulation.

However, Binance conducts a buy back, where they buy some of the tokens back, and burn them and completely erase them from existence.

This burn has historically seem a rise in BNB's price, and this time is no exception. However, this time, it's different.

Binance is now the world's largest crypto exchange. BNB is available to over 4 million users worldwide, and this number grows everyday. For this reason, I feel BNB would run very far this time.

BNB is currently worth a little under $20. This price can soar once true value is discovered.

True value is a metric that allows for valuation of a cryptocurrency to see if it is undervalued or overvalued. And my true value metric has shown that BNB is undervalued. A lot.

The fact that BNB is undervalued, coupled with the fact that the number of users increases daily, and that the social ranking of BNB continues to grow everyday is one of the reasons I feel BNB would soar.

Binance has been able to put more BNB products into the hands of people, and most of these people are oblivious to the fact that technical analysis is a thing. This means that fresh money is flowing into BNB to increase it's market cap, and it's only a matter of time before this flies.

I've been long BNB since $6 on 50x leverage, so this run should be good.

Thanks for reading!

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