BNB Exhibited a ton of strength in 2018 returning 147.60% vs. BTC
With Binance Chain on the horizon, it's time to take a closer look.
We know CZ delivers on customer experience, token mechanism design, and liquidity. Given the current information, it is logical to expect Binance to continue that tradition when they introduce their non custodial, blockchain based exchange, Binance Chain, in the near future. That still leaves us with a ton of un-answered questions regarding BNB, consensus & governance. Let's lay out the potential outcomes.
Base Case- Binance executes on a leading decentralized exchange in crypto.
Must Haves:
Speed
Authority over monetary policy
Seemless integration with all established cryptonetworks
Bull Case- Binance Amazon's the entire crypto space
Big Times:
Proof of Stake/Profit Staking- Binance Distributes a % of Profits to stakers of BNB
Token Holder voting
An ecosystem of on chain companies & p2p networks with users using a "BNB-20" like standard
The base case ends up with binance having the most active centralized *and* decentralized exchange marketplace in the world.This is an incremental improvement, but extremely valuable for token holders and the entire ecosystem nonetheless.
In the bull case, Binance Amazon's crypto by distributing its cash flow to BNB token holders (passive income) and cultivating a massive ecosystem of apps/companies (active income opportunity).
Oh yea, and there is also an uncanny ascending triangle on the daily which is confirmed on a daily close above .0016900 sats and invalidated on a close below .0015700 sats.
Crypto currency trading is extremely risky. None of the above is legal or investment advice, just the musings of a curious speculator. I welcome your thoughts and criticism.
Disclosure: I own BNB.
With Binance Chain on the horizon, it's time to take a closer look.
We know CZ delivers on customer experience, token mechanism design, and liquidity. Given the current information, it is logical to expect Binance to continue that tradition when they introduce their non custodial, blockchain based exchange, Binance Chain, in the near future. That still leaves us with a ton of un-answered questions regarding BNB, consensus & governance. Let's lay out the potential outcomes.
Base Case- Binance executes on a leading decentralized exchange in crypto.
Must Haves:
Speed
Authority over monetary policy
Seemless integration with all established cryptonetworks
Bull Case- Binance Amazon's the entire crypto space
Big Times:
Proof of Stake/Profit Staking- Binance Distributes a % of Profits to stakers of BNB
Token Holder voting
An ecosystem of on chain companies & p2p networks with users using a "BNB-20" like standard
The base case ends up with binance having the most active centralized *and* decentralized exchange marketplace in the world.This is an incremental improvement, but extremely valuable for token holders and the entire ecosystem nonetheless.
In the bull case, Binance Amazon's crypto by distributing its cash flow to BNB token holders (passive income) and cultivating a massive ecosystem of apps/companies (active income opportunity).
Oh yea, and there is also an uncanny ascending triangle on the daily which is confirmed on a daily close above .0016900 sats and invalidated on a close below .0015700 sats.
Crypto currency trading is extremely risky. None of the above is legal or investment advice, just the musings of a curious speculator. I welcome your thoughts and criticism.
Disclosure: I own BNB.
Trade active:
Trade Active. Closed above .0016945
Comment:
Taking some off in light of this monthly candle, 300%/usd return, and potential double top on usd pair.
