Binance’s BNB Token Hits All-Time High in Bitcoin Value
https://www.coindesk.com/binances-bnb-token-hits-all-time-high-in-bitcoin-value
I never recommend buying because at any time that could be wrong. And of course, the price went up quite a bit lately, so a correction could be near. But I, for myself, think longterm. My reasons to be bullish are...
1) the fundamental reasons listed in my last post and
2) if BNB is so strong during a shaky bear market I consider it as very good longterm bet, once the market turns and the sentiment becomes better again. We've seen Ethereum at a marketcap of over $120 bn.
And I believe the Binance Chain will be superior - while it will not be about Smart Contracts, it will exactly be about what has lead Ethereum into a hype --> Issuance of Tokens. And I also believe that will become much more serious and professional in future, while Ethereum will probably not be the number 1 Blockchain to go anymore, but Binance-Chain - also because of their coming DEX.
Long-term, I believe it can reach brand new all-time-highs (in USD) easily. However, even for a long-term hold, I do think that that it'll be much better if you wait for the right time before investing in it at the current price (which is actually an all-time high vs. BTC). It'd be more appropriate if we wait for a correction here. Let the price calm down, to somewhat like <0.0019 BTC, that way, you'll get about 25% more BNB if compared with the current price.
I'm not so sure that BNB will go down that much. CZ just tweeted:
Finally got a date. Targeting to release Binance Chain testnet (@binance_dex) for public testing on Feb 20th. This is a testnet, your feedback would be most valuable.
https://twitter.com/cz_binance/status/1095187500056772608
But I'm not buying now anyway, because I bought most of my BNB in September 2017.