BNB will run to $50, and there's nothing you can do about that.

By MadMaxx | Psycho Crypto | 18 Aug 2020


Before we get started, I'd love it if you could join my telegram channel here. I post educational articles on trading, as well as my entries and exits for trades, all FREE. Check it out!

Why the heck do I believe BNB can run far?

There are a lot of reasons. So sit back, grab some popcorn and LERNNN!(typo intended)

Binance just recorded its highest trading volume since 2017. 2017 was the euphoria season. Or alt season as it's popularly called.

With euphoria season came a lot of new entrants into the cryptoverse. Life changing money was made (and lost), and an old generation of bag holders was removed, and replaced with a new generation of bag holders.(that would soon be replaced)

The point is: During all this euphoria, Binance was born. That's all that matters.

As Binance was born, it grew within the bear markets of 2018 and 2019. It grew to become the biggest and most user exchange out there. Second only to Coinbase (because America), Binance can cause pumps and dumps in any cryptocurrency that is listed on its exchange.

Binance is a powerhouse, no doubt. They own the most versatile futures trading platform, and more features. They've served as the launchpad for many great projects like AVA and GTO

But guess what powers all of this. Yes, BNB.

BNB is the powerhouse of Binance, and Binance is the powerhouse of crypto. All Binance services are somehow integrated with BNB. Maybe as a transaction fee or deposit, BNB is used for many, many things.

With the new wave of users coming to crypto this bull season, it remains to be seen how much money BNB would make it's investors.

All I know is that I'm 50x long BNB from $17. Let the games begin.

How do you rate this article?


17

2

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!

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.