Binance just went through a big storm when it lost both money and human:
+ $4.3B is a very large amount of money, although I believe that Binance has enough financial resources to pay it. However, without this amount of more than $4B, Binance's market development and promotion plan will be delayed and the market will be taken over by other CEXs;
+ CZ is no longer the CEO of Binance, this is a loss in management and communication. In my opinion, CZ is as important to Binance as ElonMusk is to Tesla.
(Source:
Binance to Pay $4.3B to Settle U.S. Criminal Case; Changpeng 'CZ' Zhao Resigns as CEO and Pleads Guilty in Seattle)
During the crypto winter, BNB coin only decreased by 71%, being one of the tokens that kept its price best, better than BTC (down 78%) and ETH (down 82%). The recent event has slowed down the price recovery of BNB, BNB only increased 25% from the bottom, while BTC increased 186% and ETH increased 172%.
I believe that BNB coin is the native coin of the BNB chain, not only related to Binance CEX, but negative events with Binance will also affect the BNB chain in general and BNB coin in particular. Many BNB holders had to choose to exit their positions to ETH or SOL, which was a loss for the BNB chain.
Do you still believe in the price increase potential of BNB coin in the 2024 cycle? Can BNB coin continue to reach new peaks and have an impressive bullrun like 2020-2021?