BNB is about to fly!

By MadMaxx | Psycho Crypto | 11 Jul 2020


Before we get started, I'd like to officially welcome you to the mini alt season. As you can see around you, every single coin is pumping. If you'd like to get insight on which ones would pump the most, and would be worth your while, please consider joining my telegram group here. I have successfully called the 2x move on DOGE, REN, CTXC and have made other calls that were profitable. Join with the link above!

Now that that's out of the way, let's get into the article.

BNB is a very underrated coin in my honest opinion. Many people don't realise how large Binance is, or how large it's going to be in the near future.

Binance has over 3 million customers worldwide, and keeps on adding support for more countries. A Binance listing for a coin has the same pumping effect as a Coinbase listing back in the days. Just look at DGB, as it pumped 100% in 15 freaking minutes because Binance announced a launch.

Now guess what the native token for that coin is. Yes, you guessed it. BNB.

BNB is the native token for Binance ,and ALL its services. Binance exchange fees, Binance chain fees, Binance mining pool fees and a lot of other fees are paid in BNB. This is a very smart move by CZ, because it means that BNB is constantly being bought and sold, making its books very liquid, and making its market cap soar.

Add that to the fact that Binance powers a lot of projects on its chain, and the tokenomics just soar. Binance also offers many products that intrigue users a lot, such as Binance savings and Binance pool.

Here are a few more reasons why I feel BNB would pump soon:

 

  • It's alt season. Everything pumps.🌛
  • The chart looks absolutely beautiful. Seriously, I haven't seen such a clean chart on a major in a while. It's HTC charts look very nice, and it's primed for a big move up soon.
  • It's undergoing price discovery very nicely.
  • Relatively low price. Small moves can make big differences.
  • It has been ranging alongside BTC for a while, but seems to be decoupled from BTC.
  • Users can convert their small balances to BNB, which increases the market cap, which is good.
  • As at the time of writing this article, whales have purchased over 10 million dollars worth of BNB in the past 30 minutes. 

Those are my views on BNB pumping!

I hope you enjoyed the post. If you did, a like and follow would be highly appreciated. Thanks for reading.

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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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