BNB Market Analysis

BNB has skyrocketed since early this morning, with a daily increase of 20%, reaching a new all-time high. Both the daily and weekly charts have broken through resistance levels. As the token of the largest exchange, the improvement in the overall market will undoubtedly boost trading volume and the platform's value together. In the short term, let's not talk about hitting a thousand; reaching eight or nine hundred should definitely not be a problem.

The larger trend has already broken through resistance levels, so it is advisable to buy in batches at this stage. If there’s an opportunity for a pullback to below 700, everyone can buy in without hesitation. As an exclusive investment of Binance and the only project linked to Binance's IEO sector as well as providing stablecoin assets for Binance, it can be considered a favored child. The current market cap is only 100 million, and in the long term, a 5-10x increase should not be an issue. Those who do not hold any can buy some spot and hold on.