Binance's native blockchain token (BNB) experienced a dip in price after the SEC fiasco. The exchange is facing heavy pressure by the US government regulatory agency. If Binance wins a lawsuit against the SEC, BNB's price could go all the way to the moon in an instant. But if it loses, BNB could experience new lows until it goes below the "triple digits".
I'm wondering if now is the good time to buy BNB or should I wait a little bit more? The crypto market is still bearish, so we should expect further pressure against an altcoin like BNB in the short term. Who knows if BNB will reach higher prices in the future? Your input will be greatly appreciated. Thank you.
I'm wondering if now is the good time to buy BNB or should I wait a little bit more? The crypto market is still bearish, so we should expect further pressure against an altcoin like BNB in the short term. Who knows if BNB will reach higher prices in the future? Your input will be greatly appreciated. Thank you.
That is a question, that i am asking myself too from time to time in the last few days. A few weeks and months back when BNB recovered quite nicely again, i said to myself, that i will definitely invest a little bit into BNB if the price will go back down to the 250$ region, but now that we were hitting this prices i am not so sure anymore if i really want to get some BNB.
I was always sure that Binance is the biggest powerhouse in the crypto space and that this will also be the case in the next few years. Now with all the regulation and SEC issues going on, maybe this will no longer be the case. There are quite a few people that are already claiming that the time of the big central exchanges is coming to an end.