Post
Topic
Board Altcoin Discussion
Merits 1 from 1 user
Re: What is your take on Binance coin (BNB).
by
Yogee
on 06/04/2021, 18:34:45 UTC
⭐ Merited by CryptopreneurBrainboss (1)
(a) To invest in BNB, is it a good long term investment strategy?

(b) Explain the reason you think BNB may or may not be able to sustain
      it's position as the third most valuable coin currently?

(c) Will you trade all your Ethereum for BNB?

(d) Is there a possibility that BNB will topple ETH soon as the second
      most valuable coin?
a. You have to read on the future plans of CZ for the entire Binance ecosystem. What's sure now is that they have a lot of products where BNB is utilized.

b. I won't if I had them both but let's look at the comparison,
- ETH at $2000 while BNB at $400
- ETH has unlimited supply while BNB has finite supply with quarterly burn program.

BSC and Ethereum looks similar but the latter is decentralized as fan boys would argue.

c. Everything is possible. It is the market that will decide on that.


P.S.
What's with your formatting?