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Here’s Why Binance Coin (BNB) Could Be A Top Three Coin Within Three Years

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An exchange issuing its own cryptocurrency seems a little bit strange at first glance. Binance has done just that, however, and over the last month or so the coin has caught fire. At the time of writing (early morning ET), Binance Coin (BNB) goes for $8.33, having traded as low as $0.70 a piece back at the start of the final quarter of this year.

From the start of the quarter lows to highs recorded last week just shy of $11 a piece, this one gained closed to 1500%.

BNB Daily Chart

BNB Daily Chart

Sometimes, the logic behind a long-term thesis on these sorts of young, relatively low market cap cryptocurrencies can be a bit murky. They are reliant on companies developing technologies that are experimental at best and, beyond that, the technologies finding (and successfully growing into) its target marketplace.

None of this is true of Binance Coin.

This is one of the clearest and simplest long-term strength arguments we’ve seen in the sector to date and – as such – we don’t expect this one to hang around at current levels, even given the gains outlined above, for long.

How can we be so confident?

Well, Binance (as many reading will already be aware) is one of the most popular cryptocurrency exchanges in the world. As of today, it’s got more than 3 million registered users and it’s built a reputation for being one of the most secure, reputable and user-centric exchanges on the market. To put this another way, if there’s an exchange out there right now that we would expect to be one of the, if not the, fastest growing exchange over the next five years, it’s Binance.

And where does Binace Coin come in to all this?

The coin was issued earlier this year for one (primary) purpose – to allow Binance users to pay fees in a native cryptocurrency, as opposed to using something like BTC or fiat. And why would users want to pay in BNB as opposed to BTC? Because Binance offers a discount (and a steep one, at that) for any user that covers their trading and platform fees with its native coin.

Specifically, when a user pays fees in BNB, they receive a 50% discount on fees for the first year of fee payment. This then reduces to a 25%, a 125.5% and a 6.75% discount for the second, third and fourth years respectively.

And here are the economics of our prediction:

  • Assumption one: as Binance increases in popularity, more and more users are going to want to pay fees in BNB so as to reduce the costs associated with their trading.
  • Assumption two: in order to pay fees in BNB, users have to buy BNB.
  • Assumption three: an increased demand for BNB that arises on the back of Assumption one and Assumption two, as outlined above, will push up the price of the token.

It’s really that simple.

Combine this with the fact that the company is buying back tokens and burning them every quarter and we get a reducing supply input to turbocharge the above-discussed set of assumptions.

The company also has plans to build a decentralized version of its current platform, as part of which BNB will be used as one of the key base assets as well as gas to be spent.

So, really, the only way that this coin isn’t going to increase in value is if Binance goes under. This is cryptocurrency, so that’s not a risk we can take lightly, but as far as risk reward profiles go in this sector right now, that which Binance Coin (BNB) offers is one of the most solid we’ve seen.

We will be updating our subscribers as soon as we know more. For the latest on BNB, sign up below!

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Please conduct your own thorough research before investing in any cryptocurrency.


Image courtesy of Binance

Bitcoin

The Bitcoin Revolution: Everything You Need To Know To Take Profits

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Bitcoin is soaring high in the cryptomarket once again, and experts are expecting a return of the bullish trend of 2017. The current Bitcoin price is $7,615 as of 23 May 6:56 AM UTC. This significant jump comes just six months after the Bitcoin price plummeted to a low of $3150 in December 2018. Since then, Bitcoin has experienced steady growth and gain in the market. However, in the last 30 days, the Bitcoin price peaked to $8,320.82, its highest price ever. This phenomenal jump occurred in a span of only 10 days breaking the Bitcoin record so far of significant gains made in short time frames. This positive growth has led to experts forecasting the Bitcoin price to hit the $20,000 mark by the end of this year.

Since entering the market almost 11 years ago, Bitcoin is still at the top of the global cryptocurrencies list. The current circulating supply of Bitcoin is at unbelievable 17,708,875 BTC. The market trend of the Bitcoin price has remained positive even when the currency did not maintain an uptrend. Cryptocurrency researchers believe that Bitcoin has the potential to grow up to a high of USD 50,000 within the next two years.

How to Profit from Bitcoin…

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Altcoins

3 Altcoins That Are Outperforming Bitcoin and Will Likely Face Consequences

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The crypto market is going through a period of massive recovery in the past few months, which has caused the investors’ optimism to return. While all eyes are on Bitcoin (BTC), as usual, the largest coin seems to be struggling with a major resistance level at $8,000 at the moment. While this level was breached a few times now, every breach resulted in a correction.

At the time of writing, BTC is approaching this level yet again, with its current price being at $7,985,79, and rising further. The price managed to grow by 1.06% in the last 24 hours, and will undoubtedly hit $8,000 in a matter of hours, if not sooner.

However, while Bitcoin continues to remain volatile and struggles with waves of growth and decline, there are some altcoins that are not following its path. Of course, most of them are performing in pretty much the same manner as BTC, as they always had. But, a few coins have actually managed to outperform Bitcoin in recent months.

While optimists believe that this might lead to decoupling from Bitcoin — something that only Binance Coin (BNB) managed to pull off up to this point — it is likely that there will be consequences for these cryptos. This likely means that a price drop for these specific coins awaits somewhere in the near future, as outperforming BTC…

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Altcoins

3 Cryptocurrencies Most Likely to Follow Bitcoin’s Performance

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For more than a year, the cryptocurrency market has been dominated by bearish influence, with most coins seeing constant drops, or stagnation, at best. This all changed in the past few months, starting with Bitcoin which once again started leading the market up, bringing one minor rally after another.

BTC itself experienced massive losses in 2018, with its price going down by around 84%. Most other coins among the top 10 mirrored its performance, and some of them experienced even greater losses. However, now that Bitcoin sees gains again, these cryptocurrencies are still following its example, and many of them have seen massive breakouts. Some of the more notable altcoins that followed Bitcoin’s recent example are Ethereum (ETH), Stellar (XLM), and Cardano (ADA).

Ethereum performance mirroring Bitcoin’s price

As mentioned, Bitcoin led every rally so far, but before it did, its price first went through what is known as an ascending triangle pattern. The pattern held for around five months, which is exceptionally long for the crypto world. However, once the pattern was finally broken — the coin’s price skyrocketed, more than doubling itself within only two months.

One thing to note is that Ethereum performed in pretty much the same fashion. After five months of struggle and confusion for investors, the second largest cryptocurrency also managed to break the pattern and skyrocket as well. It…

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