The economic pains of Covid-19 experienced in 2020 are experienced in many countries. Many countries are going through hard times economically and will. In these periods, salvation will of course be profitable investment planning. When I look at the crypto market for this period, the general comments are in the direction of BNB investment advice.
Do you think it makes sense to invest in BNB or another cryptocurrency?
What else can you suggest in line with the analyzes made on the subject?
BNB is a good buy as long as nothing happens to Binance. They could easily get regulated in any one of the number of countries they are trading in and that would affect the price. The chain isn't decentralized and an issue with Binance would significantly impact the future of BNB chain. There is also evidence that the pegged on chain assets have no backing and are being rehypothecated on the exchange. You may be better off investing in a different L1, something that is more decentralized, like Polygon, ICP, or Celo. Celo for example may become the go to platform for carbon credits. ICP will integrate other chains and take their marketcap.