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Author Topic: BNB benefits?  (Read 361 times)

Online Doovla

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BNB benefits?
« on: April 08, 2024, 11:26:27 PM »
Will BNB emulate the less popular altcoins that offer a huge amount of profit such as APY between 150 and 300%. What can we expect from the price because it seems to be in an undecided middle, fall or rise?

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BNB benefits?
« on: April 08, 2024, 11:26:27 PM »

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Re: BNB benefits?
« Reply #1 on: April 09, 2024, 11:29:40 PM »
Will BNB emulate the less popular altcoins that offer a huge amount of profit such as APY between 150 and 300%. What can we expect from the price because it seems to be in an undecided middle, fall or rise?
I hope to be able to understand your point of view better, unfortunately your topic is quite short and I do not have enough information to understand every word you write. So, I will present my point of view according to my understanding.

Compared to many other ALTS, it is possible that the profit that BNB will bring in this cycle will not be as large. For example, currently 1BNB = $600 and brings a 200% profit for investors who bought when 1BNB = $200, while 1FET = $2.6 brings a 4200% profit for those who bought when 1FET = $0.06. The same thing can happen in the bull run because BNB's large capitalization comes with worse price performance.

However, investing in BNB is much safer than many other ALTS. In addition, BNB also brings many other benefits to holders such as opportunities in the launchpool and launchpad on Binance. So, if I had to choose, I would still choose to allocate the majority of my portfolio to BNB and only allocate a small portion to other potential ALTS.
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Re: BNB benefits?
« Reply #2 on: April 17, 2024, 07:28:40 PM »

However, investing in BNB is much safer than many other ALTS. In addition, BNB also brings many other benefits to holders such as opportunities in the launchpool and launchpad on Binance. So, if I had to choose, I would still choose to allocate the majority of my portfolio to BNB and only allocate a small portion to other potential ALTS.

Certainly of the best coins around... as it is in the top 10 rank in coinmarketcap.com.

I am just afraid to hold large amounts of it because it is too centralized and binance dependant
If binance face serious legal problems, it may drop a lot . I became a bit paranoid, specially after FTX (I didn't lose anything there, but I never hold such coins)
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Offline Ambatman

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Re: BNB benefits?
« Reply #3 on: April 17, 2024, 07:42:43 PM »

However, investing in BNB is much safer than many other ALTS. In addition, BNB also brings many other benefits to holders such as opportunities in the launchpool and launchpad on Binance. So, if I had to choose, I would still choose to allocate the majority of my portfolio to BNB and only allocate a small portion to other potential ALTS.

Certainly of the best coins around... as it is in the top 10 rank in coinmarketcap.com.

I am just afraid to hold large amounts of it because it is too centralized and binance dependant
If binance face serious legal problems, it may drop a lot . I became a bit paranoid, specially after FTX (I didn't lose anything there, but I never hold such coins)
Funny thing is if a news causes it to drop alot it would also affect the rest of the market not excluding bitcoin. It's the local token of an exchange that's like the face of the crypto world. It might be the safest but cab be considered quite resilient. Quite easy Binance just have to introduce a lauchpool and it would start increasing as can be seen in this correction period.
To OPs question MrSpasybo has already explained it,  the thing holding us easily seeing 1000% like most altcoin is it's high market cap.

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Re: BNB benefits?
« Reply #4 on: April 18, 2024, 09:33:41 AM »
Funny thing is if a news causes it to drop alot it would also affect the rest of the market not excluding bitcoin. It's the local token of an exchange that's like the face of the crypto world. It might be the safest but cab be considered quite resilient. Quite easy Binance just have to introduce a lauchpool and it would start increasing as can be seen in this correction period.
To OPs question MrSpasybo has already explained it,  the thing holding us easily seeing 1000% like most altcoin is it's high market cap.
Usually Bitcoin will have an influence on the price movements of other altcoins on the market. Meanwhile, if BNB doesn't have too much influence then that is normal because BNB has the Binance exchange which can manipulate the price so that it appears to remain stable.

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Re: BNB benefits?
« Reply #5 on: April 18, 2024, 11:55:54 PM »
Will BNB emulate the less popular altcoins that offer a huge amount of profit such as APY between 150 and 300%. What can we expect from the price because it seems to be in an undecided middle, fall or rise?
BNB through Binance has several programs specifically for using BNB. And not only that, Biannce is able to become a strong backing for this coin development. Moreover, it actually has various advantages and benefits that can be obtained, so when there will be several programs, so far, BNB has not had any significant problems anymore. So in any case, the price of BNB will continue to rise even though a market crash cannot be avoided.

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Re: BNB benefits?
« Reply #6 on: April 19, 2024, 03:55:42 PM »
Will BNB emulate the less popular altcoins that offer a huge amount of profit such as APY between 150 and 300%. What can we expect from the price because it seems to be in an undecided middle, fall or rise?

With the success already achieved by BNB in terns of price ad influence, it would be hard to expect that one can get a high ROI when you invest with it. You should have enter BNB when it was just priced at $10 because by then holding it until now can mean a windfall for your pocket. But it does not mean that investing your money with BNB can be a bad decision as it is already considered to be one of the top digital assets and you can be sure that there is some room for it to grow though one should not expect like x5, x10 or even x100 since that would already be impossible. In case one is looking never to be victimized by shitcoins or those memecoins that will fail to capture the imagination of the market, I am sure BNB is quite a lot better.


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Re: BNB benefits?
« Reply #6 on: April 19, 2024, 03:55:42 PM »


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Re: BNB benefits?
« Reply #7 on: April 21, 2024, 07:45:05 PM »
BNB through Binance has several programs specifically for using BNB. And not only that, Biannce is able to become a strong backing for this coin development. Moreover, it actually has various advantages and benefits that can be obtained, so when there will be several programs, so far, BNB has not had any significant problems anymore. So in any case, the price of BNB will continue to rise even though a market crash cannot be avoided.
It is natural that Binance is a very strong supporter of BNB price movements. The future of BNB is in Binance's hands. As long as the Binance platform still provides many programs that use BNB, the price of BNB on the market will always increase.

 

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