I see there are many advantages here, Binance is the largest centralized exchange at the moment, and the projects that Binance is looking at are also experiencing good increases and their performance too.
I think if this continues bnb will continue to grow.
but 5 years is quite a long time for crypto because anything can happen.
Because Binance was born in 2017 and then rose to become a top exchange in just a few years, maybe there will be something similar in the next 5 years.
the thing with coin that have high market cap usually they could hardly lost their position if they keep innovating since day 1 same with BNB i think they have made some really good decision wiht the presence of opBNB and so on, literally making their blockchain better and better I mean even without the existence of layer 2 their blockchain already cheap enough but they just went on and create layer 2 because why not i think thats commendable in my opinion at least they followed the trend and I can see why the position they are having will stay like this for another 5 years.
but the thing is that we shouldn't undermine the fact that these BNB price heavily influenced by binance, we all know that binance is becoming the target for many lawsuit and this could definitely somehow influence the coin to be undervalued at some point.
Few years ago, didn’t though that bnb could reach such milestone as it is 3rd most invested altcoin in crypto world. But most of exchange tokens are fall down for being useless (only use for discounting exchange fee) as well as after exchange get hacked. So what do you think about bnb in next 5years?
Is it really worth for long investment? Will it increase like ether or become dump like others exchange coins?
BNB Coin peaked after 2020 halving i.e. in 2021. It went up to about $700, now it has come down to $200 in January 2023. This resulted in massive updowns, yet investors were expecting the BNB coin price to rise. It currently has a price of up to $410, and if this increases, the BNB coin price will touch $500 before the halving.
surely at this rate they will eventually reached their all time high, its kinda obvious.
but I think it might also go beyond their all time high. because simply put, we are still not in altcoin season yet the price is already well more than half of its previous all time high.