Binance (BNB) is a very good long term investment. A majority of traffic is LEAVING Bittrex and switching over to Binance. Why Binance? First of all, Bittrex closed registrations for over half a month and it is REALLY hitting them hard. A lot of people are entering the crypto market and resorting to Binance as their exchange of choice now. Binance also has a niche that is the mobile app which so many people use because there are very few apps that allow mobile trading, and we all know crypto people love mobile apps. As well Binance has fixed a huge amount of bugs, added key features like stop losses, and have made major improvements to their exchange. At this rate I think Binance this year may overtake Bittrex - but honestly who knows? If you have spare BTC I would heavily consider putting money into BNB as it can explode if Binance starts to take over. There are so many people entering the cryptocurrency market and are resorting to Binance because they can't sign up with Bittrex. Not only that but the Binance development team is more responsive to user feedback and have blown my mind with the improvements they made. Also the BNB currency actually REDUCES fees that you use on the exchange which is leading to a lot of people buying the actual currency. Now on the technical-analysis perspective, BNB is in a bull flag and the recent 5x pump coordinated with the closing of registration on Bittrex. I think that BNB can break upwards and soar even higher - better to get in now than later. I know personally a lot of my friends who have entered crypto currency this past month have signed up on Binance because it is more accessible and easier for them to use than Bittrex, as well as the fact these new folks can't even sign up on Bittrex. Binance has handled traffic very well and their uptime is fantastic compared to the horrors experience on Bittrex recently.
Comment:
2.5x goal hit, this is not the end though. You can bypass Binance registration closures with my referral link: launchpad.binance.com/?ref=190612...
Includes research and sources.