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.
This depends if you're willing to take risk, buy while the price is cheap and still declining or wait for a safe entry and that is when Binance win a lawsuit against SEC. Since the chances for the price to finally pump is very likely once they settled this issue.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.
However, we're not certain what is going to happen in the future. Hence buying BNB at this time as I have said will depends if you're willing to take risk despite of the issues happening that can affect the future price of BNB. Thus, the decision is yours on what you think is the right decision to commit for your own benefit.