Is BNB is at it's peak price? - page 4.

LUCKMCFLY

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Following the BNB movement today it turns out to be a great winner, as it has risen by 5%, joining the winning altcoins with a similar percentage, such as ADA, however the price is oscillating between 648USD-650USD, many expect a good take off to new highs, however the price of Bitcoin has remained lateral in its short-term behavior, I think that should be expected, have some patience when investing, although the volume of negotiations is considerable, it may already be this is a good time to get BNB, I feel that it is still missing, but here is the analysis of an interesting article:

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Binance Coin (BNB) is trading similarly to Cardano (ADA), with bulls coming back to the resistance zone after a slight drop. The trading volume is low, which means that buyers are accumulating power for a breakout of the peak around $700. In this case, the mark of $750 might be achieved within the nearest days.

Source: https://u.today/btc-eth-xrp-ada-and-bnb-price-analysis-for-may-5

slaman29

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Quote from: meysonYo on May 03, 2021, 03:03:27 PM

Quote from: slaman29 on May 03, 2021, 06:58:30 AM

I don't know about undervalued. I mean, yes, BNB is popular now, yes it seems to have really flown with defi (but not really with NFT) but only on the single basis of "cheaper than ETH".

When it comes to real dapps and real utility, which is essentially next to nil, I would have to say $600 is a lot of money for what is really just a gas-paying token for Defi.

A very interesting train of thought. If $ 600 is already a lot for BNB, then what do you think about the price of Ethereum and Bitcoin? Isn't $ 3k for ETH and $ 60k for BTC not a lot of money Huh

Of course, this is a lot of money, but these assets now have such a price, and there are a lot of buyers even with such a price. Therefore, I think that BNB is even underestimated in comparison with ETH and BTC)

You missed my point then. Compare ETH to BSC in terms of utility, because that is the only reason people would buy either (again as I said, other than for speculation or trading).

Right now you ONLY use BNB for Defi or nft on pancake etc. ONLY.

Before Defi came already ETH also was used a lot as a currency, and for thousands of other dapps, both gaming and regular utility dapps in business and still is.

When defi dies down and nft cools (it actually already has btw), then what?

You're still thinking about them all as equal trading assets but think about the underlying value.

LUCKMCFLY

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Yesterday BNB has resumed an impressive bullish trend, ETH and BNB are showing a very good face to the cryptocurrency market in general, of course BTC has shown a huge recovery for the bulls, and BNB has also done the same, which The goal is to reach 808USD, for now what is sought is that it does not fall below the level of 639USD, anything can happen, you just have to wait, but the outlook is good:

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If the bulls can sustain the price above $639, the BNB/USDT pair could start its journey toward the pattern target at $808.57.

Contrary to this assumption, if the bulls fail to sustain the price above $639, the bears will try to pull the price down to the 20-day EMA ($552). A bounce off this support will keep the uptrend intact.

Source: https://cointelegraph.com/news/price-analysis-5-3-btc-eth-bnb-xrp-doge-ada-dot-uni-ltc-bch

meysonYo

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Quote from: slaman29 on May 03, 2021, 06:58:30 AM

Quote from: ?? on ??

Binance is the biggest crypto exchange on earth and BNB is enormously undervalued. I personally think there's not really any bad time to purchase this one. In the event that anybody wish for a long term Hold it's good investment. It's very much doable BNB going to hit $1k this year. They have a NFT market coming out, simply think about what might occur if this trending things comes live at Binance market.

I don't know about undervalued. I mean, yes, BNB is popular now, yes it seems to have really flown with defi (but not really with NFT) but only on the single basis of "cheaper than ETH".

When it comes to real dapps and real utility, which is essentially next to nil, I would have to say $600 is a lot of money for what is really just a gas-paying token for Defi.

A very interesting train of thought. If $ 600 is already a lot for BNB, then what do you think about the price of Ethereum and Bitcoin? Isn't $ 3k for ETH and $ 60k for BTC not a lot of money Huh

Of course, this is a lot of money, but these assets now have such a price, and there are a lot of buyers even with such a price. Therefore, I think that BNB is even underestimated in comparison with ETH and BTC)

slaman29

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Quote from: ?? on ??

Binance is the biggest crypto exchange on earth and BNB is enormously undervalued. I personally think there's not really any bad time to purchase this one. In the event that anybody wish for a long term Hold it's good investment. It's very much doable BNB going to hit $1k this year. They have a NFT market coming out, simply think about what might occur if this trending things comes live at Binance market.

I don't know about undervalued. I mean, yes, BNB is popular now, yes it seems to have really flown with defi (but not really with NFT) but only on the single basis of "cheaper than ETH".

When it comes to real dapps and real utility, which is essentially next to nil, I would have to say $600 is a lot of money for what is really just a gas-paying token for Defi.

matchi2011

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Quote from: brooksby on May 03, 2021, 05:07:46 AM

Quote from: BitcoinPanther on May 02, 2021, 12:06:45 AM

Quote from: AWMM24 on April 11, 2021, 03:09:27 PM

Wanna know that should i hold my investment or do day by day trading. And now its at 500$/BNB. Convert them or keep them and wait for pump?

You must keep them for a long term. BNB had gone through that pump and dump stage. With the creation of BSC, it offers innovation on the market. With its cheap transaction fee, and many projects shifting and created in BSC network, I think you got yourself a gem simply by holding BNB. It is very promising at this point so rather than waiting for the pump, it is best to wait for the BNB market to establish its price as time goes by.

When did that pump and dump stage that you mention here happen? BNB wasn't really a pump and dump in the classical sense that we all know it. BNB is based on long-term and ambitious development. Quite the opposite of a pump and dump.

Agree to that, BNB is more on developing and with the ambitious mindset of the developing team behind this coin the movement is
according to how the success from each stages.

Long term valuable asset not just because the value is really huge now but the very chance that it will proceed for more rise and
profitable to all supporters that will hold this asset.

brooksby

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Quote from: BitcoinPanther on May 02, 2021, 12:06:45 AM

Quote from: AWMM24 on April 11, 2021, 03:09:27 PM

Wanna know that should i hold my investment or do day by day trading. And now its at 500$/BNB. Convert them or keep them and wait for pump?

You must keep them for a long term. BNB had gone through that pump and dump stage. With the creation of BSC, it offers innovation on the market. With its cheap transaction fee, and many projects shifting and created in BSC network, I think you got yourself a gem simply by holding BNB. It is very promising at this point so rather than waiting for the pump, it is best to wait for the BNB market to establish its price as time goes by.

When did that pump and dump stage that you mention here happen? BNB wasn't really a pump and dump in the classical sense that we all know it. BNB is based on long-term and ambitious development. Quite the opposite of a pump and dump.

bitjoin

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Quote from: Rampagoe004 on May 02, 2021, 07:21:38 AM

Currently the development of BNB continues then I think this is not the end point of the current price of BNB, so if you still keep the coin then maintain it until it reaches the maximum price for this year, especially at this time of year BSC is in the investor environment that is replacing the free ethreum is very high, then rest assured for the future BNB will continue to grow and rival the current price of ethreum.

Holds are the best things trader do, BNB prices continue to be pump after the development team carried out the arson some time ago. In 2021 the prestige of BNB will increase dramatically, this is due to the increasing public trust in BSC, the BSC platform plays an important role in the rising price of BNB, moreover, BSC gets full support from new project developers because of the low transaction fee.

Rampagoe004

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Currently the development of BNB continues then I think this is not the end point of the current price of BNB, so if you still keep the coin then maintain it until it reaches the maximum price for this year, especially at this time of year BSC is in the investor environment that is replacing the free ethreum is very high, then rest assured for the future BNB will continue to grow and rival the current price of ethreum.

cotton ball

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Quote from: AWMM24 on April 11, 2021, 03:09:27 PM

Wanna know that should i hold my investment or do day by day trading. And now its at 500$/BNB. Convert them or keep them and wait for pump?

now BNB has reached the new ATH at $ 645 quite quickly the binance price reaches the new ATH this will be getting closer to the price of $ 1000 per BNB in the near future the price has always gone up in the last few months it is very appropriate to buy BNB at the price of $ 500 you are just waiting for the Binance coin price going up is very interesting waiting for the price of BNB at the highest level. For sure it will be a big advantage for loyal holders who buy at the lowest price.

BitcoinPanther

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Quote from: AWMM24 on April 11, 2021, 03:09:27 PM

Wanna know that should i hold my investment or do day by day trading. And now its at 500$/BNB. Convert them or keep them and wait for pump?

You must keep them for a long term. BNB had gone through that pump and dump stage. With the creation of BSC, it offers innovation on the market. With its cheap transaction fee, and many projects shifting and created in BSC network, I think you got yourself a gem simply by holding BNB. It is very promising at this point so rather than waiting for the pump, it is best to wait for the BNB market to establish its price as time goes by.

LGD2Business

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Quote from: AWMM24 on April 11, 2021, 03:09:27 PM

Wanna know that should i hold my investment or do day by day trading. And now its at 500$/BNB. Convert them or keep them and wait for pump?

Keep them and stake. You can stake them either in Binance or swap platforms. I can suggest you Pancakebunny. They give around %22 APY right now. That's pretty cool for BNB staking, as that is higher than Binance staking options.

See here: https://pancakebunny.finance/pool/BNB

uray

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Quote from: go4crypto on April 30, 2021, 03:46:03 PM

Picking a peak in an ongoing bull market is not easy. Binance is one of the best exchanges and recently announced plans for NFTs too so BNB is going to keep rising. The quarterly BNB token burn is a permanent bullish driver.

The burning of coins is one of the biggest scams in the market, they create unlimited coins and the developers will be holding a large chunk of the coins in existence and then they create the narrative that they are burning off the coins.

I never thought BNB will reach these levels because it is a complete ripoff and since it is open source they do not fear about lawsuit Grin

.

Woodie

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For a coin that is coming from the best exchange(Binance) I don't see its price slowing down any time soon.

I see it going for second spot which is very much possible because these binance guys have token buys which make they coin valuable and more projects are building projects on their blockchain which means more demand, btw binance already registered its new Ath this week and with altcoin season looking ripe expect another ath.

bitjoin

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Quote from: AWMM24 on April 11, 2021, 03:09:27 PM

Wanna know that should i hold my investment or do day by day trading. And now its at 500$/BNB. Convert them or keep them and wait for pump?

How long have you hold BNB and how much have you made a profit from BNB Huh

From my question above, I am sure you have got the answer.
Currently BNB looks like a beautiful woman in the crypto market, very many people who want to get it. CZ always strives to improve the quality of BNB to be even better, being in 3rd position in CMC has not made CZ satisfied with this achievement, he will continue to try to shift Ethereum's position which is in 2nd position. The presence of the BSC is a nightmare for the Ethereum platform, now very many new projects are using the BSC platform instead of Ethereum, This condition is very beneficial for BNB in the future.

Benefactor

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It has various benefits from being the main line trade that undertakings pursue to be recorded on, it has a generally excellent near advantage over numerous decision altccoins like Ethereum. Yet, do remember that Binance would play out the fifteenth quarterly BNB consume and because of the current promotion, that news alone will go far to drive the cost further upward.

brooksby

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Quote from: AWMM24 on April 11, 2021, 03:09:27 PM

Wanna know that should i hold my investment or do day by day trading. And now its at 500$/BNB. Convert them or keep them and wait for pump?

If somebody tells you that BNB is at its peak price now but you think otherwise and did your research, what would you do? Getting opinions is fine, but you never know who is sitting on the other end giving you advice. Make sure you can vouch for your own opinion, which means do your research properly.

rodskee

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Quote from: el kaka22 on April 30, 2021, 08:32:06 PM

Quote from: ?? on ??

I believe BNB can still go up in price up to $ 1000. Or you can also sell some of the BNB you have when the price hit $ 700, because usually before going higher, BNB will experience a correction first, so you can buy BNB again if BNB is corrected.

Not just $1000, I speculate BNB is targeting to reach the second place on coinmarketcap. With slightly higher circulating supply than ethereum, I guess even price ranges around 0.025 to 0.03BTC will be enough for BNB to rank second after bitcoin. I guess BNB is certainly moving toward that level right now.

Meaning Binance Coin will take the rank of Ethereum soon? does the Burning of BNB is legit or just a Pumping modus ?
because many believe that the said Burning sooner will make the increase for Binance price and thats why many investors are making a ride.

Quote

Probably there might be some correction but I am sure that cannot be significant for OP kind of people who are holding at least from $500 levels to current price levels. It is confirmed that BNB is into strong bullish mode which may last for next 7 to 10 months as well.

Correction is normal even Bitcoin having this after the great pump but seeking for 0.03 btc per BNB? if bitcoin hit 100k this year means binance will be 3,000$?

LUCKMCFLY

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For now BNB looks even better, bitcoin is already known to have an excellent recovery, but for its part, BNB many believe that its pattern will reach a price of 808usd, this according to an analysis by Cointelegraph. According to the analyst, it is based on the chartist figure of the triangle, in this case it broke and it is presumed that if it touches the triangle again, the bullish movement will be invalidated.

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This bullish view will invalidate in the short term if the price slips and re-enters the triangle. Such a move could keep the price in a consolidation for a few more days. The pair will signal a trend reversal if the price breaks and sustains below the triangle.

Source: https://cointelegraph.com/news/price-analysis-4-30-btc-eth-bnb-xrp-ada-doge-dot-uni-ltc-bch

el kaka22

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Quote from: ?? on ??

I believe BNB can still go up in price up to $ 1000. Or you can also sell some of the BNB you have when the price hit $ 700, because usually before going higher, BNB will experience a correction first, so you can buy BNB again if BNB is corrected.

Not just $1000, I speculate BNB is targeting to reach the second place on coinmarketcap. With slightly higher circulating supply than ethereum, I guess even price ranges around 0.025 to 0.03BTC will be enough for BNB to rank second after bitcoin. I guess BNB is certainly moving toward that level right now.

Probably there might be some correction but I am sure that cannot be significant for OP kind of people who are holding at least from $500 levels to current price levels. It is confirmed that BNB is into strong bullish mode which may last for next 7 to 10 months as well.

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