Real business vs. Digital assets
In one way or another, the assessment of many online projects is based on their outstanding results in the future. It has been always so with start-ups and with the blockchain sphere the same.
The growing market and the sense of security support these expectations. However, when the market wobbles, expectations decline. There is no confidence anymore. Many crypto-assets rapidly lose their value.
This is a great chance for some strong projects to show their stability. As a rule, these are projects with active businesses. There are not so many, though.
Well, they have ups and downs, too, but their graphics may differ from the overall trends and their drawdowns are not so tangible.
That’s why today I have decided to not be original and invest in the same coin as yesterday.
In the current situation, BNB is more credible for the audience. They are well-known and all over. They have an active and well-performing business. Their tokens are used on a regular basis. And the most important thing is that there is a cash flow that allows them to move forward with the project.
Purchased today: Binance Coin (BNB)
Course ~ $8.66
Exchange: BINANCE
Added the coin to the Buffett’s portfolio
By the way, earlier I have already posted the news that Binance announced that they started working on their own blockchain and also issued an updated token.
Binance Coin runs natively on the Ethereum network using the ERC20 token standard. BNB’s primary purpose is to pay for the various fees charged on Binance. It allows the members to invest in the eco-system of the platform. After updating it will be working with the native Binance blockchain and will be the base for maintaining the whole Binance Chain.