Why BNB is rising [Updated 2018]
Seeing BNB rising from more than 1$ in October 2017 to 16$ today in Jan 2018, I was shocked.
I bought 100 BNB in October 2017 with pure attention to use for exchange fee - because paying the fee using BNB has 50% discount. Now it's worth 1600$ I and wish I had bought more. Although I know Binance is an excellent exchange - which I already wrote a blogpost here, a 16x return on investment is hard to justify.
However, after researching for whole day, my conclusion is that BNB is STILL UNDERVALUED. Meaning not only it is justifiable to worth 16$ - but it will very likely to surge even more. Here are the reasons, I will keep it as short as possible, so you will save your time. If you have questions feel free to give comments, I would like to have interaction with readers:
BNB is now the biggest exchange in the world in term of 24h trading volume. Believe it or not, $5 billion USD was trading in the last 24h, surpassing that of Coinbase, Gdax, Bittrex, Bithumb, etc..
Binance now has office in Germany. Their intention to become another Gdax is obvious.
Figure 1: Binance is in EuropeBinance is undervalued if you compare it to Gdax, which is valued much higher although it is losing the game to Binance.
Binance provides ICO services, making it easier for companies to "tokenize" their business. This is what Bitcoin Suisse, a Swiss startup is doing. As Bitcoin Suisse is gaining momentum, now it will face a new competitor. For me Binance = Gdax + Bitcoin Suisse
Bread, a successful ICO and a popular Bitcoin Wallet (only after Coinbase after a few months) now has the close relationship with Binance. In my opinion, Binance + Bread will challenge Gdax + Coinbase in just a matter of time.
So take your chance to buy BNB and BRD now, before it is too late. If you like my post, register using my referral link here or scanning QR Code:
Figure 2: Scan to register