BNB is Binance exchange's own token. I don't know much about it because I haven't read the whitepaper. Research takes a lot of time and it's been a bit of a premium lately.
But I do know when you hold these tokens on Binance you can choose to pay your fees with them. This reduces Binance's fee from 0.10% to 0.05%, which is a colossal savings against Bittrex and Polo's 0.25% and Mount Finex's 0.20%.
Pretty much you can trade on Binance and the coin you're buying to pay fees with is appreciating at the same time. It's dope.
This coin has gone up in a straight line over the last 15 days or so. The run is a classic triangle breakout on large time frames and has quickly approached its prior ATH .
If it can exceed its prior high at 72.5k~ SATS it will surely break upwards on a run towards the 1.618 Fib, in my opinion, at ~114k sats .
With a stop below the 0.786 this trade gives us a risk reward of 5.55 which is excellent.
However, looking at OBV, , and Willy21 we do see patterns that show there's above average potential for this coin to throwback towards the red Kumo/Kijun around the 0.618 FIB at 45k sats .
This would also form a potential long-term pattern, so there is risk in entering long trades here.
For that reason, this trade has a tight stop. I'd recommend trading this trade with 10-15% of your normal sizing and upgrading to a full size on a break of 70k sats .
If market retraces you can hold your small sizing because you're paying fees with it and dollar-cost average on bounce patterns at major supports.
Stop the Organ Harvesting Persecution of Falun Gong Practitioners by the Chinese Communist Party
Bullish flag pattern looking confirmed.
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so now they are the #1 crypto broker in the world... Someone is going to make that announcement this week i'm guessing and that should raise a few eyeballs
It's hard haha.
The combined valuation of Binance and Bread is less than $1 billion ($800mm, $100 respectively) so could be valued around the $5 billion market cap next year once the dust settles.