Post
Topic
Board Altcoin Discussion
Re: BNB still undervalue
by
Ultegra134
on 01/04/2021, 18:20:56 UTC
As per my view , Still bnb more potential.  now go around 270-300$ per coin. Today announced a new IEO.  I think In the end of April 600$ per coin is more viable.

- BSC chain is more popular
- BSC pad is more popular
-IDO is more popular


So what you all think about this?

Depends on the analysis you make. Right now BNB acts like a company stock and BNB's marketcap is ~$50B. As a currency, I don't think BNB deserves its price tag but as a stock of  the biggest crypto exchange, it is probably undervalued.

There is one catch however, BNB is not a stock. Even if you own all BNB's, you won't be able to own Binance.
What concerns me the most is the fact that it's not really decentralized, since it is owned by an exchange. Despite that, it has shown great advance over the past few months. In my opinion, it will rise even further, due to the BSC chain, which I also use personally.