I decided to make a small summary for you. As the end of the year approaches, I decided to check how much holding BNB in 2024 yielded.
During the year, it was possible to farm 25 tokens. (MOVE, THE, USUAL, SCR, HMSTR, CATI, DOGS, BANANA, IO, NOT, REZ, OMNI, SAGA, ENA, ETHFI, AEVO, PORTAL, PIXEL, ALT, MANTA, XAI, AI, TON, LISTA, BB, VANA).
What was the ROI? I downloaded the transaction history from the last year today. I sold all tokens immediately after receiving them, so one cannot say that I owe anything to my research, etc. The return I received is simply the value of the tokens I got on the first day I could sell them. I don't trust new alts- in my opinion, the project idea itself is not worth $500 million, but that's a different discussion...
Assuming the average price of BNB this year is around $540, the value of the tokens I sold amounted to as much as 31.2% of my BNB bag. By the end of the year, we'll probably reach 35% (because 2 more listing are planned for tomorrow).
The average dividend for S&P500 does not exceed 2%. For BNB, it's 35%. And it is worth adding that this is achieved without pumping the supply, because the entire coin remains deflationary at around 6% per year.
Topic: Phenomenon of BNB (Fundamental analysis BNB/USD) (Read 583 times)
We are getting closer and closer to 16th token burn. Last time we've burned 1 milion coins worth close to 600 mln $. What your bet regarding this burn? I'm not super excited about this one. My bet is around 400 mln $ since volumes during this quarter were much weaker despite the 10-20.05 massive dump from 60k to 30k. Rest of they quarter was just 30-40k consolidation and whole market was going sideways with decreasing volume.
Taking that into consideration I assume that this burn will have little to 0 impact on price. We may pump few % few days before and dump few % few days after. Much bigger impact on bnb price will have BTC breakout (down to 25k or up to 45k)
Speaking of BNB ... as this is topic that is made to talk about it fundamentals... I must admit that BNB is not as good investment as it was before. We haven't see decent lauchpad/ lauchpool. APY from this activities changed from 100% to 2%. The only place where it is worth holding BNB is staking with 10-30% APY.
I'm sure that P/E ratio is still decent but impossible to calculate because of "accelerated burn" that was introduced during 14th burn.
Taking that into consideration I assume that this burn will have little to 0 impact on price. We may pump few % few days before and dump few % few days after. Much bigger impact on bnb price will have BTC breakout (down to 25k or up to 45k)
Speaking of BNB ... as this is topic that is made to talk about it fundamentals... I must admit that BNB is not as good investment as it was before. We haven't see decent lauchpad/ lauchpool. APY from this activities changed from 100% to 2%. The only place where it is worth holding BNB is staking with 10-30% APY.
I'm sure that P/E ratio is still decent but impossible to calculate because of "accelerated burn" that was introduced during 14th burn.
Binance was increasing the temperature for 2 days, making an announcements of announcement, and finally informing about the hiring senator Max Baucus as advisor in terms of regulations:
"Sen. Max Baucus
🔶Senator of Montana for 36 years
🔶11th U.S. Ambassador to China
🔶Advisor to Alibaba
🔶And much more"
https://twitter.com/cz_binance/status/1370236172031586306
What's your thoughts about this?
"Sen. Max Baucus
🔶Senator of Montana for 36 years
🔶11th U.S. Ambassador to China
🔶Advisor to Alibaba
🔶And much more"
https://twitter.com/cz_binance/status/1370236172031586306
What's your thoughts about this?
Dumped to 220$.
Good price to jump back on the horse if someone dumped at the top of rally. The growth potential is still huge.
"Coinbase, Readying for Public Listing, Gets $77B Valuation From Nasdaq Private Market"
https://www.nasdaq.com/articles/coinbase-readying-for-public-listing-gets-%2477b-valuation-from-nasdaq-private-market-2021
77B$ for coinbase. Binance has 20 times bigger volume, chain that doubled ETH in terms of TXs, chain that bring projects like 1inch (1inch is now awaible on BSC). Binance would be evaluated at 500B-1T while listing on NASDAQ. BNB is now worth $35B. I know that BNB is not binance shares but who knows ... it can change some day.
Good price to jump back on the horse if someone dumped at the top of rally. The growth potential is still huge.
"Coinbase, Readying for Public Listing, Gets $77B Valuation From Nasdaq Private Market"
https://www.nasdaq.com/articles/coinbase-readying-for-public-listing-gets-%2477b-valuation-from-nasdaq-private-market-2021
77B$ for coinbase. Binance has 20 times bigger volume, chain that doubled ETH in terms of TXs, chain that bring projects like 1inch (1inch is now awaible on BSC). Binance would be evaluated at 500B-1T while listing on NASDAQ. BNB is now worth $35B. I know that BNB is not binance shares but who knows ... it can change some day.
I create OP when price was at 16$. [...] Its 70$ right now [..]
[...]
Is it good time to sell? Hell no. [..] I would not be surprised if BNB will pump 5x from now.
[...]
Is it good time to sell? Hell no. [..] I would not be surprised if BNB will pump 5x from now.
Didn't expect it to be so damn fast. Its 270$ now.
Binance burned 347 mln $ in whole 2020. Calculated profit = $1.7 B
Current marketcap = $10.8 B
P/E = 6.3
Current marketcap = $10.8 B
P/E = 6.3
Current marketcap = $40 B
P/e = 23
Average P/E for nasdaq is 34.81 now.
It can still go x1.5 form now to lose "undervalued status". And another 2x to get "overvalued status". So even 3x from now is possible. And I guess that 2021 profit will double 2020 profit considering how big volumes are these days.
As long as the Binance exchange exists, BNB will also exist. Both the exchange and the coin have taken strong positions in the market. BNB may still show good returns in the future. Investing in a coin is definitely worth it, it will undoubtedly grow with such powerful support.
The time has passed when BNB was regarded only as an exchange coin that allows you to get discounts on commission. In addition to the commission, BNB has a large number of applications for generating passive income, such as Launchpad and Launchpool. And today, BNB is a coin of the Binance Smart Chain blockchain, which undoubtedly increases its usefulness for the crypto community.
I can also be called a BNBholder. I have as many as 5 coins 
. It is a pity that not 5,000 bnb 
. These coins did indeed perform very well. I could get a little richer. In 2017, few people foresaw that cryptocurrency exchange would become so powerful and massive. Do you think it's too late to add a little BNB to portfolio now? Is it possible to cost this coin in the future, 500$ or even 1000$?
. It is a pity that not 5,000 bnb . These coins did indeed perform very well. I could get a little richer. In 2017, few people foresaw that cryptocurrency exchange would become so powerful and massive. Do you think it's too late to add a little BNB to portfolio now? Is it possible to cost this coin in the future, 500$ or even 1000$? Deflationary coin with massive ROI from launchpads, lauchpools. Company that generates ~~~$1.7B in profit annually with only $19B marketcap. 350-500$ as ATH of current market cycle is possible. 1000$ is unlikely. Maybe as short term quick push and dump.
As long as the Binance exchange exists, BNB will also exist. Both the exchange and the coin have taken strong positions in the market. BNB may still show good returns in the future. Investing in a coin is definitely worth it, it will undoubtedly grow with such powerful support.
As a BNB holder I'm very grateful to CZ for all that he does to extend the use case for BNB. According to my own calculations BNB is my best investment since 2017. I don't know if any other coin can give so much privileges and advantages for its holders. And of course the main attractiveness of BNB it a huge passive income from IEOs, farming, votings and other activities. And I'm sure that BNB is still far from it's ATH and has a good potential to grow.
I can also be called a BNBholder. I have as many as 5 coins
. It is a pity that not 5,000 bnb . These coins did indeed perform very well. I could get a little richer. In 2017, few people foresaw that cryptocurrency exchange would become so powerful and massive. Do you think it's too late to add a little BNB to portfolio now? Is it possible to cost this coin in the future, 500$ or even 1000$?
BNB just exploded. I create OP when price was at 16$. Its 70$ right now. This is my best ALT bag. The longest ALT hold. Is it good time to sell? Lets see how fundamentals changed:
Binance burned 347 mln $ in whole 2020. Binance burn 20% of profit, so calculated profit = $1.7 B
Current marketcap = $10.8 B
P/E = 6.3
Looks like P/E pumped only 35% while price pumped +337%. Is it good time to sell? Hell no. Average P/E for nasdaq is 34.81 now. I would not be surprised if BNB will pump 5x from now. And ... based on volumes, beginning of alt season, doge/xrp pumps and dumps events, bitcoin hitting 40k$ I estimate that Q1 2021 will be better than Q3 and Q4 2020 all together.
The only threat to binance is regulation. We don't know what and when governments will come up.
Binance. Company that tripple annual profit in a matter of 1 year.
So we are saying about $ 515 million of pure profit.
This gives us P/E ($ 2.4 billion/$ 515 milion = 4,66)
This gives us P/E ($ 2.4 billion/$ 515 milion = 4,66)
Binance burned 347 mln $ in whole 2020. Binance burn 20% of profit, so calculated profit = $1.7 B
Current marketcap = $10.8 B
P/E = 6.3
Looks like P/E pumped only 35% while price pumped +337%. Is it good time to sell? Hell no. Average P/E for nasdaq is 34.81 now. I would not be surprised if BNB will pump 5x from now. And ... based on volumes, beginning of alt season, doge/xrp pumps and dumps events, bitcoin hitting 40k$ I estimate that Q1 2021 will be better than Q3 and Q4 2020 all together.
The only threat to binance is regulation. We don't know what and when governments will come up.
Binance. Company that tripple annual profit in a matter of 1 year.
As a BNB holder I'm very grateful to CZ for all that he does to extend the use case for BNB. According to my own calculations BNB is my best investment since 2017. I don't know if any other coin can give so much privileges and advantages for its holders. And of course the main attractiveness of BNB it a huge passive income from IEOs, farming, votings and other activities. And I'm sure that BNB is still far from it's ATH and has a good potential to grow.
Just like I said. Even though BTC volume was very low (mostly because of being stuck in 9-10k and 10.5-12k consolidation) binance managed to get another profit record thanks to huge volume caused by defi pumps and dumps.
We can compare bnb price with ethereum. Ethereum was the main platform that provides blockchain solution for the icos in 2017 and 2018 during that bull run. And it could reachover 1k usd because of that ico hype. Now ieos and launchpads are much more popular comparing to icos. So i think binance holders can make really good profit in next bull market.
2- Launchpool - new type of IEO but you don't need to invest. You are "harvesting coins" for stacking BNB. After first day (out of 30) i received 0.03% in Bal token (if price after listing will be equal to priv-sale price - most often with binance IEOs its x1.5-x15). This sum up to 11.5 % annual ROI (17-170% based on previous IEO performance after listing)
I was right in the point. ROI from launchpools fluctuates exactly from 17 % to 170 % (depends on how aggressive first day of trading was). Few days after listing, the ROI stabilize at 22%. Thats a decent amount because we still have launchpads (sometimes even combined lauchpads with lauchpools), other activities, and coin is deflationary thanks to BNB burns.
Back to BNB burns. According to today's tweet from CZ Q3 BNB burn is planned for tomorrow. I think it will be another record because Q3 was DEFI hype quarter. Huge volumes. For example UNISWAP during listing had bigger volume than bitcoin. Whats your predictions?
Thats the previous burn:
Binance coin is for sure an interesting coin, it doesn't promise use, it is already used on the biggest crypto exchange. Binance regularly burning tokens from the company's profit. Plus now they developed its own chain and focus more on a decentralization 
.
It is. Among exchange tokens I like this one is the most comprehensive with terms of method and marketing. Most of their activity on the website usually designed with the usage of their coin like ieo, launchpool, and many more. This is how you preserved value on the coin you own. I hope all exchange works like this, so bnb has vastly have future. . I wouldn't call the current price a good catch considering the number of good options crypto world brings.
Name 1 that is fundamentially better. Link f.e. is just an oracle worth 5 bilion $. How much informations should it process to generate over $ 1.5 billion in profit (to compete with BNB P/E). ETH will explode much earlier with such traffic. How much profit should companies that use this oracle generate so they be able to afford to spend $ 1.5 billion only for oracle? This infrastructure will take decades to build, and in the meantime, many better "LINKS" will be built. Same with many other projects. They are worth bilions generating few k in profit (or even huge loses) now but with big dream about next 100 year performance. I'm not buyng that.
Name 1 that has a working product that generate bilion dolars in profit annually (profit ... not income). That is not only a promise of future performance because 99.99% of crypto is just someonce dream that only generate coins and dumps on investors promising to develop and deliver product somewhere in the future.
As well binance plans to decrease that fee discount gradually dropping it to zero. After that all remains would be it's use in IEO and dex.
Agree:
But.. It was 12.5 % in third year but binance made an announcement that they continue to support higher fee rebates for another year. I think that they will not resign from this major BNB use case even if they can. Its 2 months after 2020/07/13 (4th year just started) and rabate is still 25% not 6.75%
With the change of rice in bnb itself, the fees is not exactly discounted everytime. As well binance plans to decrease that fee discount gradually dropping it to zero. After that all remains would be it's use in IEO and dex. I know bnb token would be a success if binance continues to lead the market but I wouldn't call the current price a good catch considering the number of good options crypto world brings.
CZ has more plans for people to buy more BNB. Since the launch of the Binance exchange, the BNB token has helped people reduce transaction costs, followed by the IEO program, holding BNB to receive the SXP airdrop, and they are currently launching DEFI to compete with other projects.
It is CZ's creativity that has created value for BNB, of course in the present BNB is still worth investing.
It is CZ's creativity that has created value for BNB, of course in the present BNB is still worth investing.
Funny thing with me and BNB is that BNB is my biggest ALT bag. Today i see that it pumped +30% in last 5 days ... i should be excited, and I am ... but than i realize ... so what? You ain't going to sell anyway. It's priced at P/E = 2.9 - average for nasdaq is 22.5 so its 7.7 times cheaper than average nasdaq company (with same annual profit) and yields more than 50% annual passive quantitative ROI for investors while remaining deflationary (it makes it fundamentially an global scale investment opportunity, not just inside cryptocurrencies. I did't see anywhere a investment that stronger based on FA i extra ROI). It simply not worth to sell at current price. Even 3x pomp won't change that, maybe 10x. So i'm sitting on my bags and I guess nothing will change in next couple months/years. Just taking part in IEO and other activity and cash it back to BNB.
BNB is one of the best to have some of it into your portfolio, this is something to be taking into consideration for long term investors.
I said it once in some telegram group i'm in that this coin is gonna be an easy $50 - $100 coin sooner or later (this was when it was $8 coin & then reached the $35+).
Binance is taking the big chunk of the cryto market exchange business, sooner the fiat to crypto niche & who the hell knows what's next (may be some crypto card too).
Binance is taking this exchange evolution into the next level & trying it' best to legalize it even in the hardest financial law countries (like the USA).
Your fundamental analysis is just so perfect & does make 100% sense that this BNB coin is one of the best that any smart investor should have it n his long term investment plan.
CZ has more plans for people to buy more BNB. Since the launch of the Binance exchange, the BNB token has helped people reduce transaction costs, followed by the IEO program, holding BNB to receive the SXP airdrop, and they are currently launching DEFI to compete with other projects.I said it once in some telegram group i'm in that this coin is gonna be an easy $50 - $100 coin sooner or later (this was when it was $8 coin & then reached the $35+).
Binance is taking the big chunk of the cryto market exchange business, sooner the fiat to crypto niche & who the hell knows what's next (may be some crypto card too).
Binance is taking this exchange evolution into the next level & trying it' best to legalize it even in the hardest financial law countries (like the USA).
Your fundamental analysis is just so perfect & does make 100% sense that this BNB coin is one of the best that any smart investor should have it n his long term investment plan.
It is CZ's creativity that has created value for BNB, of course in the present BNB is still worth investing.
Binance has another 2 products that i was not talking about yet and generated passive income.
1- Its airdrop for BNB hodlers (SPX currently - https://www.binance.com/en/support/articles/dfbc98a7b0da4fab872a25d74ceeb9d1 but it's planned to be expanded to other cryptos) - I recived around 0,055% weekly (dumping SPX to BNB right when i get it) - this sum up to 3% annual ROI.
2- Launchpool - new type of IEO but you don't need to invest. You are "harvesting coins" for stacking BNB. After first day (out of 30) i received 0.03% in Bal token (if price after listing will be equal to priv-sale price - most often with binance IEOs its x1.5-x15). This sum up to 11.5 % annual ROI (17-170% based on previous IEO performance after listing)
So based only on these 2 new BNB utilities its 14.5% estimated annual ROI. And we still have IEO, coin voting, lending (0.2% annually), coin burns (5.5% annual less in supply), and delegating soon to be released.
BTW. Next announcment is comming - https://twitter.com/binance/status/1303724926835273731
1- Its airdrop for BNB hodlers (SPX currently - https://www.binance.com/en/support/articles/dfbc98a7b0da4fab872a25d74ceeb9d1 but it's planned to be expanded to other cryptos) - I recived around 0,055% weekly (dumping SPX to BNB right when i get it) - this sum up to 3% annual ROI.
2- Launchpool - new type of IEO but you don't need to invest. You are "harvesting coins" for stacking BNB. After first day (out of 30) i received 0.03% in Bal token (if price after listing will be equal to priv-sale price - most often with binance IEOs its x1.5-x15). This sum up to 11.5 % annual ROI (17-170% based on previous IEO performance after listing)
So based only on these 2 new BNB utilities its 14.5% estimated annual ROI. And we still have IEO, coin voting, lending (0.2% annually), coin burns (5.5% annual less in supply), and delegating soon to be released.
BTW. Next announcment is comming - https://twitter.com/binance/status/1303724926835273731
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