Re: Is BNB is at it's peak price?

Wanna know that should i hold my investment or do day by day trading. And now its at 500$/BNB. Convert them or keep them and wait for pump?

hold !! This is a natural thing if the price of BNB is down (correction), because not only BNB, but the market is correcting, so of course all cryptocurrency prices are down, therefore my advice is never to panic sell when the price is down, because I am sure that in the near future the market will definitely start to increase again, so the price of BNB will also increase and of course you will definitely get your profit back or even bigger than before.

I still didn't think that BNB will drop so much at all. Compared to other coins it is backed by a functioning business model that generates so much revenue, yet we just saw a massive decline. It should still be well positioned to get back on track I suppose.

They have very good foundation so once the market is up again, they can easily increase their price. They are not just like those meme tokens or crap coins that may have short lifespan. BNB has solid business to begin with. So they can survive long in this market and since they are still considered to be the top exchange, there are so many things that they can still achieve. The BSC network is just starting to accumulate projects. I think, they will achieve a new ATH in the future, one should just keep it on their portfolio if they can hold onto it.

That is beyond doubt, but I didn't think they would lose as much value at all just because they have the business backing up their token. They should have been more stable compared to other coins who don't have a business in the background.