Binance (BNB) is Looking Good… Close to All Time Highs

in bitcoin •  6 months ago 

Binance (BNB) is one I like to write about from time to time.

And I’m a big fan of Binance CEO Changpeng Zhao, aka CZ… make sure to follow him on Twitter.

BNB still looks cheap to me.

Binance just completed its 7th quarterly BNB token burn, burning 829,888 BNB worth $15.6 million.

For the quarter, Binance made $78 million in profits. Annualized that’s $312 million. At its current market cap of $3 billion that gives it a multiple of 10. Pretty cheap for the best crypto exchange in the world.

Keep in mind that Binance made $200 million in a quarter back in 2017. Should it be able to replicate that, it means BNB is currently trading at a multiple of less than 4.

Like I said, BNB is looking good.

Will BNB make new all-time highs soon?

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They start to take more and more control on the market

Posted using Partiko Android

Yep... Binance Chain launching 4/23

Oh wow I have been over looking that coin for a while but it did seem like a good buy since it’s from an exchange. I’m sure it will continue to climb up it’s backed up by real time sales!

Posted using Partiko iOS


This post has received a 4.59 % upvote from @boomerang.