These are two cryptocurrencies that have been generally looked down by the public. BAT has a lot of potential but some poor choices from Brave keep it under, such as choosing to add Binance ref links into their widget. And BNB has a lot of potential as many people use the Binance ecosystem, but investors who use it primarily to pay for fees are killing it.
However, there is something known as "price discovery", and I feel that both these cryptocurrencies are undergoing that now.
What is price discovery?
Price discovery occurs when the general public realises that a certain asset is being traded far beneath it's actual (mean) price, and decide to buy into it for a quick profit.
So if you've only got one Bitcoin to buy these two with, and you want to buy only one, which is your best choice?
Let's see in this article.
WHY YOU SHOULD BUY BAT
- Constantly new features being added to the Brave browser.
- Low market price, leading to a higher chance of discovery first.
- Lower market cap, meaning that not too many people need to "discover" it fit it to pump.
- Usually has decent volume on a good day, but most days see it trading with low volume. This makes it a decent target for "legit" pumps and dumps, where you can profit big time if you're in it from an easy price.
- Has a great team behind it.
- Solves a unique problem.
- Many big investors like Amazon and Apple have started running Brave ads.
Now let's look at why you should consider BNB.
- It's a major, so institutional investors would be more likely to pump it when they feel like it. You just need to get in at a good price.
- It's the centerpiece of the Binance ecosystem. This in itself is a big deciding factor, because anyone who uses ANY Binance product pays for fees or settlement with BNB.
- It has a high market cap, so big investors can move funds within it for manipulative purposes.
- It has huge trading volume on a good day, so you're safe from pumps and dumps.
- It is positively correlated to Bitcoin, so price discovery while bitcoin is behaving well can make you some good money.
So these are the reasons I've come up with. Which one are you picking to out your Bitcoin in?
Let me know down below.
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