Simple Review of Binance Coin (BNB) & Its Prediction
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Assalam-o-Alaikum Steemians !
I'm @moneyster, a professional level Cryptocurrency investor and an analyzer. As usual, today I thought to share another Crypto-related experience with you. I hope this article will be considerably beneficial for all the Steemians in this community
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Binance Coin is one of the most popular Crypto coins in the Crypto Network. When we compare it with other cryptocurrencies, it has higher efficiency and scalability. As well as popularity is another factor related to Binance Coin.
When we talk about the internal details of the BNB coin, it is the Main coin of the Binance exchange and we can Trade the Binance coin on some other platforms also. In fact, we can't define it as a pure Coin as it is based on another blockchain. It means that Binance Coin is based on Eth Blockchain, and therefore, we have to pronounce it as a Token.
There is another advantage of this BNB coin which we can use this Coin to pay the Transaction fee on the Binance exchange. Here we can save our Cryptos as they have provided some low-trading fees for this coin.
As I said above, BNB coin has the fasted Transaction speed within the Blockchain as it already depends on Ethereum network. Other than that, BNB coin has the maximum support of the world's largest Crypto exchange which is known as the Binance exchange. Therefore, they never let this BNB coin to go down unexpectedly. And also, there is a great burning process on this Binance exchange for this Binance token. Therefore, the circulation amount is reducing day by day. As BNB has its maximum supply, it will never create more Tokens within the network and even the owners of this token can't reprint more tokens unnecessarily.
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Above we can see that the price of BNB is circulate between the same range for several months. In this small bull run, BNB didn't take a great entry but some other Tokens got some bull runs together. Therefore, we can surely keep hope of this coin and it may take a great journey as compared to Bitcoin.
I hope this time, BNB will pace the 600$ range and it will keep a great all-time record. And also, as it has a bit of circulation coin in the network, it is very easy to pump this coin for market makers.
At the same time, as I said in my previous article, we should remember that all the indicators and strategies are not efficient completely as nothing we can find 100% efficient in the world. So, we should depend only on these strategies and indicators to confirm our trading opportunities.
I have studied the below-sourced articles to study these topics further, and I have explained all the above facts in my own words and experience.
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Twitter shared
https://x.com/moneyster12/status/1750918605250625811?s=20
Great technical analysis you have shared on binance coin and great fundamental analysis, it's a good coin indeed I for one knows it's truly going to do well
Great technical analysis you have shared on binance coin and great fundamental analysis, it's a good coin indeed I for one knows it's truly going to do well
Thank you very much for your respond.