Re: Is now a good time to buy BNB?

Quote from: Abiky on Today at 05:35:04 PM

Quote from: QueenVera on July 19, 2023, 08:33:27 AM

BNB isn't a currency, it's a token used on the Binance blockchain and has other utility on the Binance exchange like been used for payment of fees when trading and used for buying of launchpad tokens that can give you big profits when they get listed. I'm interested in investing in BNB but I won't be investing right now because of the SEC investigation against them.
The SEC has been trying to get Binance exchange and I think they'll get them one day and that'll affect the price of their tokens. Binance exchange has avoided the SEC but I don't think they're totally clean. We have dirty secrets and I think Binance exchange has theirs as well and when the SEC finds them they'll come hard on the exchange and it would drive away investors.
I thought Binance coin would fall as others tokens did fall but it hasn't done so and it makes me think the price of the tokens is been manipulated. My buy target is around $150. I still have my buy orders at the price and hoping it gets filled before the halving of Bitcoin rewards get completed next year.

BNB may be having trouble getting somewhere because of the SEC's "fight" against Binance, but I believe not all hope is lost. There's still light at the end of the tunnel, especially when there are many pro-crypto lawmakers in the US. With XRP's partial victory against the SEC, Binance has a signal of hope for its own cryptocurrency (BNB).

I don't think the coin will go below $100, when there are a lot of projects using it. Demand is still high, whenever you like it or not. All BNB needs is a strong bull market to reach a new ATH. I'm certain the coin will reach $1k in the long run. Who knows if it becomes the third-largest cryptocurrency in market cap soon? Just my opinion

But since the lawsuit with the SEC has been resolved, I don't believe that there's any major reason to worry at the moment. Although BNB's price has yet to recover to pre-lawsuit levels, it's still not that low to raise any major concerns. On the contrary, it might be a decent opportunity to acquire it now that it's more affordable. I've already bought some, hoping that I don't regret it in the future; however, it's very unlikely for BNB to crash, especially after a resolution is found, because that would cause a chain reaction to other altcoins and ultimately to Bitcoin, due to the excessive trading volume Binance has.