Quote from: TWW on June 22, 2021, 06:18:26 AM

Quote from: hodap on June 22, 2021, 05:44:51 AM

Quote from: DeathAngel on June 21, 2021, 06:44:52 PM

BNB could hit $1,000 by the end of the year but it needs bitcoin to resume its bull market & probably hit $150,000 at least, which is quite possible when following S2F etc.

For now I'd be very careful with any prediction as it is hard to tell what Bitcoin will do next. I don't think we mastered this downtrend yet. It is theoretically possible that is hasn't even really started. We could potentially see a sell off up to below 20k levels. I don't believe it will happen, but I am not convinced it won't happen either.

you have good thoughts. I also see that there is a high possibility that BTC will drop deeper and that will obviously lead to a huge dump in the crypto market. so does BNB. hoping to hit $1K this year seems like a tough one. but it does not rule out the long term. BNB has a good market and continues to grow. we will see it in 2-5 years in the future.

You always need have to have the overall valuation of Binance as a company in mind. It was close to $100 billion at its peak and that is quite the number to be honest. If you look at other companies $100 billion is impressive in comparison. However, hardly any company on this planet has the same profitability as Binance I would argue. They are extremely profitable and hence, the valuation didn't come out of thin air. Yet, BNB follows suit when Bitcoin dumps. I don't know why.