Binance Coin is the only altcoin worthy of attention this year, perhaps along with Litecoin. Changpeng Zhao and his team did a tremendous job of developing and expanding the Binance ecosystem, which had a positive effect on the price of BNB throughout this spring/summer. Frankly speaking, I am so glad that I had a nice stash of BNB on the exchange. It gave me decent profits even without trading, I just held it and watched the price hitting the all-time high. Gonna continue holding BNB, I think it will double in value over the next few months.
BNB keeps going because CZ and company understand how to run a profitable business. They originally introduced the idea of IEOs, and these have taken off with such wide success that every exchange currently has their own IEO platform. It seems that every IEO these days is having huge numbers, from 2x to 10x+. BNB was also the first to introduce the idea of requiring participants to hold a certain amount of BNB to enter lotteries, which has drastically increased the price. As IEOs remain profitable, BNBs value will continue to rise as people require more BNB to have more chances to participate in lotteries.
Binance Coin isn’t going to stop mooning. If you’re not buying BNB, then you hate money. Don’t get caught in the dark without any BNB, especially once its worth $100 per coin. It’s pretty crazy because now that they invented IEOs, they are the de-facto platform to participate in these. BNB does token burns, IEOs and even community projects, so it makes sense that BNB is going to triple in price in literally no time. Just make sure you’re not left holding someone’s bag at the top. BNB is the biggest project in crypto without that many people actually realizing its potential. It’s still early to jump into the coin.
BNB announcing recently that they were turning their launchpad IEOs into a lottery turned the BNB coin into a rocketship. It was genius of the Binance team to decide that, because in order to be a part of the lottery, you need atleast 100 BNB in your wallet for a month before the IEO begins. This means that all that BNB will guaranteed be locked on the platform, and more people will buy the coin to participate in a guaranteed 5x profit. Currently, to enter the lottery, people will need to put up atleast 1700 dollars in. This is a huge amount of money for a place in line that's all based on luck. Only 5 tickets per account are allowed, and to fill all 5 lottery spaces you'll need 500 BNB. That's a lot of money and looks like the rich will only get richer.
BNB has been mooning for the last two years. This coin is unstoppable. Now, their DEX will take this coin out of the galaxy. BNB will soon be on Binance Chain instead of ERC20. This means that BNB will be a native coin to its own block chain. Anyone who isn't holding the world's biggest exchange isn't thinking straight, especially before their mainnet. Binance offers so many ICOs that drive the demand for BNB that i wouldn't be surprised if BNB hits $50 by the middle of this year. There's really no reason that it wont do something like that. BNB is the hottest crypto right now.
Binance Coin has grown by 60% in recent weeks, and is now ranked tenth in CoinMarketCap for capitalization. BNB recently updated the historical maximum in relation to bitcoin. It turned out to be the highest rate of BNB against BTC in the one and a half year of the coin's existence. What was the reason for the growth?
In any case, bnb is a very promising coin! And if they do everything that is intended, then the coin will fly up. This is one of the few projects that has a very large financial turnover and profit, which is used to develop its project!
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