Crypto

Binance Coin (BNB): Should You Invest in BNB? Our opinion and forecast for 2022 – Mirror Mag

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Binance Coin is the native cryptocurrency of the Binance cryptocurrency platform and exchange. It remains in the top 5 of the CoinMarketCap ranking for several quarters. BNB allows its holders to take advantage of several unique features of the Binance ecosystem. Let’s see why it’s important to keep it.

Binance Coin (BNB) Price: What is the current price?

Here is the current price of the Binance coin.

What you need to know about Binance Coin

Creation of BNB cryptocurrency

Binance Coin was launched in July 2017 as an ERC-20 Ethereum token. The migration will be done later, and Binance will become a full-fledged blockchain with its own currency.

The founder and CEO of Binance, Changpeng Zhao, is a very famous person in the cryptocurrency space. He is a Canadian citizen and was part of the development team behind the Blockchain.info explorer that became the Blockchain.com exchange platform.

How does Binance Coin work?

Binance Coin is a utility token, in other words, owning it allows you to access certain features of the Binance ecosystem; in addition to the growth potential of the cryptocurrency:

  • Binance Trading Fee Discount
  • Cryptocurrency loans and credits
  • Participation in Launchpads of new cryptocurrencies
  • Buying NFTs on Binance
  • Liquidity rate and farming
  • Profitable Savings on Binance
  • More features will be added…

Crypto BNB: Our Opinion and Forecast for 2022

Opinion about the project

Binance is a powerful ecosystem that is constantly updated with new features. It is the richest platform in the cryptocurrency industry.

Price Volatility Notice

Binance Coin has relatively low volatility with significant daily trading volume. Which makes it a good candidate for intraday trading.

Medium Term BNB Price Prediction

The BNB downtrend has been confirmed, but BNB/USD price support at $300 is likely to continue.

Long Term BNB Price Prediction

The supply of BNB decreases over time thanks to burns that permanently remove BNB from circulation. Thus, the remaining BNB for holders becomes more and more scarce, and their price will increase in the long term. In addition, Binance Coin has the same upside potential as Ethereum. Thus, BNB can exceed $4,000.

Conclusion – is it worth investing in Binance Coin cryptocurrency?

Although Binance Coin sells less than Ether (Ethereum), Binance Coin allows you to do almost everything that is done on the Ethereum network. This is a promising cryptocurrency that provides even more opportunities.

Useful Resources for Investing in Binance Coin (BNB)

The information provided on this website should not be construed as investment advice, financial advice, trading advice or any other advice, and nothing on the website should be construed as such. Mirror Mag does not recommend that you buy, sell or hold cryptocurrencies.

Be vigilant and consult your financial advisor before making any investment decision. The display of third party advertisements and hyperlinks to Miroir Mag does not in any way constitute an endorsement, warranty or recommendation by Miroir Mag. Before using any third party service, you should do your own research. Mirror Mag will most likely be compensated through affiliate links.

Azoma devours the press daily. In his works, he gives a synthetic transcript of current news.

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