News on All cryptocurrencies

Despite the recent losses, BNB is still a solid investment

Despite the recent fall in prices, Binance Coin (see Binane Coin listing)it is still a great asset to bet on. Most financial analysts believe it is the best time for invest in the native Binance token. Let's find out in this guide why.

Investing in BNB: Is it still worth it? 

BNB Faucet is the native token of the popular Binance cryptocurrency exchange, the largest by volume. Binance is also known as a major player in blockchain technological innovation.

For CoinMarketCap, Binance Coin (BNB) lost $ 1,5 billion in market capitalization in a week.

BNB prices have fallen by 8% and almost by 40% from last month's high of over $ 39 (35 euro).

Although it may debase most investors, it should be noted that it is a good time to invest in Binance's native token, as the currency has been listed on other markets as BQTs.

Investing in BNB: a sudden "dive"!

Over a year ago, Binance announced that BNB would move from Ethereum a Binance Chain, whose launch took place at the end of April 2019.

The objective of the strategic plan is to maintain the right balance: a total BNB offer to 100 million.

But last 11 July 2019 the total offer of the coin between Binance Chain and Ethereum was of 189.000.000.

Therefore, there is still a bit to wait before returning to balance. This sharp reduction in the supply of digital currencies has had a significant impact on the fall in prices and the current market capitalization.

Last month, theExchange Binance announced that it would leave the US marketi in the month of September 2019.

Furthermore, many US investors will remain with limited access to Altcoin investment opportunities.

The move is a clear response to the increase in regulatory activity by the SEC and other government agencies.

Binance also announced plans to open an Exchange platform for the United States. However, to date no details and launch date have been recorded.

Why will Binance have a bright future?

While these setbacks have caused a temporary decline in the value of BNB, Binance remains one of the most innovative digital assets e cutting edge.

The Binance Chain mainnet is constantly subject to continuous improvements and modifications. Binance has great flair in the introduction of new blockchain innovations, which are considered the winning key for increase the value of BNB.

How to Buy BNB

You can use 2 ways, directly on Binance exchanging it with other cryptocurrencies or buying by credit card at 7% or by bank transfer or credit card on Crypto.com

Jacqueline Facconti

Jacqueline Facconti - Editor, Finance, Tax, Economics Section Graduated in Business Economics with 110 and Lode at the University of Pisa, also editor of WebEconomia, Finaria.it, Assicurazioniivita.net, Regime-Forfettario.it, etc.

Share
Published by
Jacqueline Facconti

Recent Posts

The future of cryptocurrencies: new challenges and new opportunities

Cryptocurrencies have revolutionized the world of economics and investment, offering a decentralized alternative to traditional…

1 years ago

Can Cardano Beat Ethereum With This Massive New Move? 

Milkomedia-C1 announced the integration of the DJed stablecoin network on its platform. Milkomeda C1, a…

1 years ago

2 cheap cryptocurrencies to buy now

Cryptocurrencies have gained immense popularity over the last decade, attracting investors from all over the world. However,…

1 years ago

The Bahamas intend to strengthen the regulation of cryptocurrencies after the sinking of FTX

The former cryptocurrency exchange FTX was based in the Bahamas. The island nation has not been…

1 years ago

Shiba Inu scores huge due to superior technology

As Shiba Inu adoption skyrockets, the memecoin and the entire Shiba ecosystem…

1 years ago

Millions of users can buy, withdraw and exchange Bitcoins on Telegram messenger

The adoption of digital currencies such as Bitcoin has continued to grow unabated. Many…

1 years ago