Steemit Crypto Academy | Season 2: Altcoins – Part1 || Binance Coin (BNB) || Assignment posting for @yohan2on

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For us crypto students, it's a pleasure to resume homework, with the teacher @yohan2on in this new week Season 2: Altcoins – Part1; Acquiring knowledge that is helpful in the crypto world.

Altcoins

Altcoins, as these virtual currencies are called, are a form of investment for those users who can tolerate high and / or even extremely high risk. The investment of the different Altcoins is based on being in agreement and understanding, seeing their value fluctuate too much, the rises or falls of these currencies can occur unexpectedly on the same day; The idea of ​​making an investment is that in the long term it is beneficial.

Binance Coin (BNB)

Binance coin (BNC), started as an ERC20 token on the Ethereum network, where it then migrated to its own blockchain. The Binance tokens (BNB), is the largest crypto exchange in the world; which far exceeds the rest of the cryptocurrencies, can be seen in CoinMarketCap https://coinmarketcap.com/.

The Binance coin is one of the most potential coins, where it is stable at number three (03) in the market, due to its high rise in the market it has surpassed the Tether.

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Positioned Binance Coin

Binance, is on the rise, either by technical analysis or by fundamentals, it has broken the trend line with which it had been working; It has an uptrend and anything can happen in the crypto world.

For it to keep breaking barriers even further, it should come with a volume surge and a full candle strength, giving (BNB) another boost.

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Binance ecosystem and its utility token

Utility token within the Binance ecosystem, it can also be used outside of the Binance ecosystem. The utility token is a token that is used for many functions basically within the Binance exchange.

The pros of Binance coin

- It is the exchange that moves the most volume in the world.

- When you have the Binance coin, you can trade with almost any cryptocurrency.

- It is used as a medium of exchange for other cryptocurrencies and fiat.

- The use of the Binance Coin coin is used within the Binance ecosystem, but it is also used outside; It can be saved in different wallets, it does not have to be saved within the Binance exchange.

- Increase in cryptocurrency for the offer it offers and for everything that can be done on the exchange.

- Profitability over time.

- Binance Coin continued to climb, even as Bitcoin remained stable in price.

- The crypto markets have found themselves in a downturn and the Binance coin has managed to have higher prices.

- Active demand for the currency causes prices to rise sharply.



The Cons of Binance Altcoins

- Binance coin and its limited offer.

- When talking about cryptocurrencies, you must examine how many tokens or crypto are in circulation. Evaluating and monitoring their increase or inflation, these tend to decrease tokens due to the repurchase of tokens over time.



Conclusion Binance Coin

The Potentiality increases and the greater amount of use the Binance tokens have, the greater demand will be generated; Due to supply and demand, this currency continues to rise; Binance has a lot of potential and to the extent that it continues to grow in volume and maintain or position itself in its leadership as number one, growing in number of operations, in the crypto world it continues to rise, then Binance will be the winner.

One of the keys for financial projects to be successful is that the working capital can even decrease and if demand increases, this can mean that in the long term prices will be higher than the current one.

The world of cryptocurrencies is very volatile and perhaps this world is not for everyone, you should always start with a low percentage, remembering that it is a market that is not regulated.


Disclaimer:

I am not a financial advisor and this writing is not financial advice, it is for knowledge and entertainment within the community only.

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Congratulations, your post has been upvoted by @dsc-r2cornell, which is the curating account for @R2cornell's Discord Community.

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Enhorabuena, su "post" ha sido "up-voted" por @dsc-r2cornell, que es la "cuenta curating" de la Comunidad de la Discordia de @R2cornell.

Hola amigos, muchas gracias por el apoyo. Agradecida infinitamente.

Hello @cindycam,
Thank you for participating in the 1st Week Crypto Course in its second season and for your efforts to complete the suggested tasks, you deserve a 6/10 rating, according to the following scale:

OriginalityCompliance with topicConsistency of methodQuality of analysisClarity of structure & language
(1/2)
(2/2)
(1/2)
(0/2)
(2/2)

My review :
An acceptable job in which we find updated information on the BNB cryptocurrency, which indicates the research effort that you have undertaken. However, what is lacking in the work is to delve more into the analysis of the ideas presented so that the reader feels the proximity of the subject to its author and thus gives it more credibility.

Thanks again for your effort, and we look forward to reading more of your work.

Sincerely,@kouba01

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