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.
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.