Potential price increase of BNB coin in next 2024 cycle

[MrSpasybo]

The clearest impact that BNB price dropped drastically at that time. But it already passed, we can see CZ is no longer in the jail. Now CZ is trying to support crypto industry although he is no longer Binance CEO. He also still has the power to influence BNB price with his statements. BNB has reached a new ATH, CZ may have a role a bit with this BNB achievement. Anyway, there is no perfect coin, there will be always a weakness of the coin, it is including BNB.

The strength and also the weakness of the BNB token is Binance.

Binance provides a development environment for the BNB chain ecosystem, helping BNB chain reach over 200 million users on Binance, and simultaneously boosting BNB value through CEX utility and quarterly BNB burn events. However, Binance is still a crypto company and has faced many legal accusations and there are many FUDs in the market, BNB will be negatively impacted indirectly.

Currently, Binance has been focusing on compliance, and both users and investors can feel more reassured about the future of the Binance ecosystem. BNB has reached a new ATH, investors have made profits, and continue to aim for higher targets in this bullrun.

[Sim_card]

The clearest impact that BNB price dropped drastically at that time. But it already passed, we can see CZ is no longer in the jail. Now CZ is trying to support crypto industry although he is no longer Binance CEO. He also still has the power to influence BNB price with his statements. BNB has reached a new ATH, CZ may have a role a bit with this BNB achievement. Anyway, there is no perfect coin, there will be always a weakness of the coin, it is including BNB.

The strength and also the weakness of the BNB token is Binance.

Binance provides a development environment for the BNB chain ecosystem, helping BNB chain reach over 200 million users on Binance, and simultaneously boosting BNB value through CEX utility and quarterly BNB burn events. However, Binance is still a crypto company and has faced many legal accusations and there are many FUDs in the market, BNB will be negatively impacted indirectly.

Currently, Binance has been focusing on compliance, and both users and investors can feel more reassured about the future of the Binance ecosystem. BNB has reached a new ATH, investors have made profits, and continue to aim for higher targets in this bullrun.

The strength and weaknesses of any exchange token is the exchange. If Binance crashes, BNB goes down with it, which is one of the disadvantages of these exchanges tokens. However, Binance is one of the biggest exchanges and we hope to see them in business for a very long time, if things did not go norrh for them. Bitcoin price movement impact is always affecting BNB and that's good.

[MrSpasybo]

The strength and weaknesses of any exchange token is the exchange. If Binance crashes, BNB goes down with it, which is one of the disadvantages of these exchanges tokens. However, Binance is one of the biggest exchanges and we hope to see them in business for a very long time, if things did not go norrh for them. Bitcoin price movement impact is always affecting BNB and that's good.

Binance has existed and developed since 2017 and they have captured a large market share of CEXs in this market. They have the best strategies and programs for users, an average crypto investor can always find the service he needs on Binance. CZ has a broad and far-sighted vision to direct Binance, as long as Teng doesn't make mistakes, I believe Binance will continue to grow and BNB price will be very well supported.

BSC was once renamed Bnb chain to separate it from Binance but I never thought that Bnb chain would develop independently of Binance. It will always be an important part of Binance ecosystem and continue to be promoted and supported by Binance.

[UNIVERSE]

The strength and weaknesses of any exchange token is the exchange. If Binance crashes, BNB goes down with it, which is one of the disadvantages of these exchanges tokens. However, Binance is one of the biggest exchanges and we hope to see them in business for a very long time, if things did not go norrh for them. Bitcoin price movement impact is always affecting BNB and that's good.

Even if Binance exchange has no bad issue, BNB price can drop drastically. It doesn't always depend on the condition of the exchange, there are many factors that lead to the price decline. If you checked the price of BNB now, it dropped quite massive. It happened although Binance exchange is fine, no bad news/issues. It may be caused by the current market condition. Or it happens because of other factors.

[MrSpasybo]

Even if Binance exchange has no bad issue, BNB price can drop drastically. It doesn't always depend on the condition of the exchange, there are many factors that lead to the price decline. If you checked the price of BNB now, it dropped quite massive. It happened although Binance exchange is fine, no bad news/issues. It may be caused by the current market condition. Or it happens because of other factors.

Yeah, BNB is also a part of the crypto market and is subject to all the impacts from events within this market. However, we have still seen the sustainable increase in BNB price over the years thanks to many driving forces, meaning that investors can confidently add BNB to their investment portfolios with a higher safety factor compared to many other top coins in the market.

We are in a bullrun and I think that overly negative thoughts may no longer be suitable for the market. If investors are worried about a sudden price drop of BNB, stop-loss should be set to help investors feel more at ease and focus their minds on more important goals in the crypto market and real life.

[yohananaomi]

Even if Binance exchange has no bad issue, BNB price can drop drastically. It doesn't always depend on the condition of the exchange, there are many factors that lead to the price decline. If you checked the price of BNB now, it dropped quite massive. It happened although Binance exchange is fine, no bad news/issues. It may be caused by the current market condition. Or it happens because of other factors.

Yeah, BNB is also a part of the crypto market and is subject to all the impacts from events within this market. However, we have still seen the sustainable increase in BNB price over the years thanks to many driving forces, meaning that investors can confidently add BNB to their investment portfolios with a higher safety factor compared to many other top coins in the market.

We are in a bullrun and I think that overly negative thoughts may no longer be suitable for the market. If investors are worried about a sudden price drop of BNB, stop-loss should be set to help investors feel more at ease and focus their minds on more important goals in the crypto market and real life.

There is no doubt about BNB because it has always provided a reputation that has never disappointed its holders until now, because it can always provide the best. After a long time, SOL surpassed BNB. Now BNB has taken its position again and only XRP is left, and it is not impossible that it will be surpassed in time, because trust in BNB has returned.
That's right, what you said is that security is very important in choosing a coin to invest in and BNB provides that.
I think every investor will always be worried if there is a price drop and that is a normal thing, but I am very sure that it is not for those who hold BNB, because it has been tested until now.

[milewilda]

The strength and weaknesses of any exchange token is the exchange. If Binance crashes, BNB goes down with it, which is one of the disadvantages of these exchanges tokens. However, Binance is one of the biggest exchanges and we hope to see them in business for a very long time, if things did not go norrh for them. Bitcoin price movement impact is always affecting BNB and that's good.

Even if Binance exchange has no bad issue, BNB price can drop drastically. It doesn't always depend on the condition of the exchange, there are many factors that lead to the price decline. If you checked the price of BNB now, it dropped quite massive. It happened although Binance exchange is fine, no bad news/issues. It may be caused by the current market condition. Or it happens because of other factors.

Exchange platforms will usually be getting in line about into its exchange popularity on which this is something understandable. On the moment that it will be having some issues or sentiments that being attached into it then it could neither give out some impact into the price or not and everything will really be basing up, and also same goes with community demand and recognition on which we know that this is the main thing that gives out that kind of value on a certain coin or token. This is why when you do invest on exchange platforms then get prepared on what will happen because there are tons factors that will affect the price.

[MrSpasybo]

Exchange platforms will usually be getting in line about into its exchange popularity on which this is something understandable. On the moment that it will be having some issues or sentiments that being attached into it then it could neither give out some impact into the price or not and everything will really be basing up, and also same goes with community demand and recognition on which we know that this is the main thing that gives out that kind of value on a certain coin or token. This is why when you do invest on exchange platforms then get prepared on what will happen because there are tons factors that will affect the price.

We experienced 2018 with the trend of CEX tokens and this truly helped many CEXs become more popular and famous, especially Binance and Huobi. However, with the development of the market, CEX tokens are no longer attractive to investors because they have more options such as Layer-2, RWA, DeFi, NFT, GameFi.

Currently, I often choose CEX tokens with the goal of safety and sustainable growth. I consider them to have potential similar to native tokens of leading blockchains. The development of the crypto market in every trend will have a positive impact on their price increase. BNB token has a combination of both, so it deserves my continued trust and choice.

[yohananaomi]

The strength and weaknesses of any exchange token is the exchange. If Binance crashes, BNB goes down with it, which is one of the disadvantages of these exchanges tokens. However, Binance is one of the biggest exchanges and we hope to see them in business for a very long time, if things did not go norrh for them. Bitcoin price movement impact is always affecting BNB and that's good.

Even if Binance exchange has no bad issue, BNB price can drop drastically. It doesn't always depend on the condition of the exchange, there are many factors that lead to the price decline. If you checked the price of BNB now, it dropped quite massive. It happened although Binance exchange is fine, no bad news/issues. It may be caused by the current market condition. Or it happens because of other factors.

the main factor is the exchange but I agree with you that other things can trigger BNB to be corrected, for example, currently the main trigger is of course because of the correction from bitcoin and maybe from other factors. but usually if it is not from the bitcoin factor, then there will be anticipation from binance so that it does not fall too far by intervening, that is the advantage of BNB which is always monitored well by binance for every movement.

[MrSpasybo]

the main factor is the exchange but I agree with you that other things can trigger BNB to be corrected, for example, currently the main trigger is of course because of the correction from bitcoin and maybe from other factors. but usually if it is not from the bitcoin factor, then there will be anticipation from binance so that it does not fall too far by intervening, that is the advantage of BNB which is always monitored well by binance for every movement.

Beyond the general market trend led by BTC and the BNB burn plan from Binance CEX profits, BNB token is also supported by many other factors: market trend, IEOs on Binance, strong DeFi with Pancake as the center...

BNB token was created by Binance with the vision of becoming an important and indispensable part of the market until the last day of Binance. The possibility of BNB failing is even lower than the possibility of Tether USDT having peg issues, so investors can always rest assured when holding BNB. The only issue is that many investors want to find tokens that can generate higher returns than BNB ^^

[yohananaomi]

the main factor is the exchange but I agree with you that other things can trigger BNB to be corrected, for example, currently the main trigger is of course because of the correction from bitcoin and maybe from other factors. but usually if it is not from the bitcoin factor, then there will be anticipation from binance so that it does not fall too far by intervening, that is the advantage of BNB which is always monitored well by binance for every movement.

Beyond the general market trend led by BTC and the BNB burn plan from Binance CEX profits, BNB token is also supported by many other factors: market trend, IEOs on Binance, strong DeFi with Pancake as the center...

BNB token was created by Binance with the vision of becoming an important and indispensable part of the market until the last day of Binance. The possibility of BNB failing is even lower than the possibility of Tether USDT having peg issues, so investors can always rest assured when holding BNB. The only issue is that many investors want to find tokens that can generate higher returns than BNB ^^

Agree with what you said. Of course, from the many factors, it cannot be separated from Binance itself, which always provides support, one of which is to continuously control the supply so that it is not excessive, so that at certain periods Binance is diligent in burning so that the supply can contribute to BNB.
It is true that with such an intensive method carried out by Binance to BNB, BNB will not be left behind in its movements and is very popular with many investors because of the influence of Binance itself.

[MrSpasybo]

Agree with what you said. Of course, from the many factors, it cannot be separated from Binance itself, which always provides support, one of which is to continuously control the supply so that it is not excessive, so that at certain periods Binance is diligent in burning so that the supply can contribute to BNB.
It is true that with such an intensive method carried out by Binance to BNB, BNB will not be left behind in its movements and is very popular with many investors because of the influence of Binance itself.

Binance has plans for development for the next several decades to continue serving users and generating huge revenue from trading fees and listing fees, so I believe the Bnb chain ecosystem will continue to be developed with a large budget, and at the same time, BNB price will also be supported to continue participating in the market capitalization race with SOL and XRP.

Currently, BNB price is still in the high price zone above $600, investors are still making high profits if they have trusted BNB during the crypto winter. We can rest assured and observe the price fluctuations of BTC to react promptly, especially taking profits after BNB creates the ATH of the entire cycle.

[yohananaomi]

Agree with what you said. Of course, from the many factors, it cannot be separated from Binance itself, which always provides support, one of which is to continuously control the supply so that it is not excessive, so that at certain periods Binance is diligent in burning so that the supply can contribute to BNB.
It is true that with such an intensive method carried out by Binance to BNB, BNB will not be left behind in its movements and is very popular with many investors because of the influence of Binance itself.

Binance has plans for development for the next several decades to continue serving users and generating huge revenue from trading fees and listing fees, so I believe the Bnb chain ecosystem will continue to be developed with a large budget, and at the same time, BNB price will also be supported to continue participating in the market capitalization race with SOL and XRP.

Currently, BNB price is still in the high price zone above $600, investors are still making high profits if they have trusted BNB during the crypto winter. We can rest assured and observe the price fluctuations of BTC to react promptly, especially taking profits after BNB creates the ATH of the entire cycle.

Indeed, what binance does is always providing the latest innovation so that it can always make a good contribution. I think you are right that the BNB chain ecosystem will always be developed well by always controlling the excessive supply to be reduced so that the value that can be targeted can be successful, and that is the advantage of binance so far, to continue to be able to contribute to BNB.
In my opinion, BNB will be able to provide the same surprise as in 2021 this year, because many are optimistic that BNB will be able to provide this surprise, and we can always increase our BNB savings at any time so that we can produce the best.