Why Binance Coin (BNB) Is A Great Hold in March!

in #cypto7 years ago (edited)

Why Hold Binance Coin?

To keep it brief and simple, Binance Coin is a great coin to hold over the month of March heading into April. In this post I will provide you with some exceptional reasoning on why you should get into BNB at this time.

Binance Coin is A Great Discount!

 

Currently BNB is at a great price to purchase. The coin recently hit a bit of a dip making it a great price to buy for the upcoming months if you are looking to potentially 3-4x your money.

Binance Chain:

Article: https://support.binance.com/hc/en-us/articles/360001668872-Binance-Chain

Recently Binance released an article discussing their latest project Binance Chain. This is going to be the Binance Blockchain, making their exchange prepared for other decentralized exchanges that could run them out. Binance Coin will be at the head of this blockchain and offering discounted trading fees using their exchange makes their coin worth using.

April Burn:

After the January 15th burn of BNB where the price hit an all time high the coin began to drop a bit hitting a lower point at this current day. The reason why it is so good to buy at this low price is because on April 15th there will be another BNB burn where the price could triple or even quadruple. 

Binance Coin and STEEM:

As this is posted on Steemit I thought I would tell the Steemians that you can also use Binance coin to purchase STEEM on their exchange which is a huge plus. I think its good because if you're buying STEEM with BNB you will save a lot more money in transaction fees as you would with any of the listed coins on Blocktrade. You can withdrawl your STEEM using Binance as well which another great feature.

Thanks for Reading :)

If you read through this post thank you for checking out a piece of my content! I recently have been taking a lot more time to understand Steemit and how to format my posts etc and have been enjoying the platform a lot more than before. If you enjoy this post or found it helpful feel free to upvote the post to help promote my content :) Thank you!