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?
and trade cryptos on Binance and Bibox...
And delegate SP with MinnowBooster