Hello friends!!
On this watch , I shall be focusing on the big 3 cryptos and 2 of some recently launched tokens: Renzo , Saga and the yet to be listed eyecatcher - BounceBit!
I have few ideas about these tokens to be discussed, but I've also done some checks or research on some of them too.
Welcome aboard friends on this spaceship 🚀 of crypto analysis !
#1. $BTC is our Kickstarter here.
Being the biggest coin in value and popularity (as some people readily think or say "BTC" on hearing the word "crypto" ).
The BTC , in my own estimation is "the most established crypto coin globally " as it continues to lead the pack of cryptocurrencies in terms of market capitalization, user base, and popularity.
Although, some altcoins have been endorsed as having newer features than Bitcoin, such as the ability to handle more transactions per second or use different consensus algorithms. Bitcoin is still the giant in the park! Below are some of the facts on BTC;
-Bitcoin was launched in 2009, and is currently the world's largest crypto currency by market value.
-In contrast to fiat currency, Bitcoin created, distributed, traded and stored by the use of a decentralized ledger system called BLOCKCHAIN
-BTC can be purchased on various cryptocurrency exchanges.
-BTC price is presently at around $63,599+/- (as at when this article was being compiled) and there is prospect for a shift either upward/downward, depending on market activities.
#Future Price?
-Depends, it may hit the $90k-100k mark based on favourable market conditions. On the low side, the Bitcoin might also touch #30k mark in a back flip market condition.
#2. $BNB : Maybe due to the fact that it's Binance's official coin, but I have a certain level of interest or let's say fondness with the bnb coin .
Watching it gain value from around $250 in 2022/23 to about $600+ is amazing ! It's one friendly coin for trading , conversion , staking ,etc., that I like to have in my portfolio (and I mean it ! Go check my transaction history 😜 ).
Some facts on the BNB token :
#BNB is one of my favorite coins 😁
#BNB is a utility coin that serves as an easier payment system on the Binance exchange.
Customers on the Binance exchange {like me 😁} ,get to enjoy certain percentage discounts when using the BNB token for payment transactions.
According to my research, the BNB Coin was initially an ERC-20 token that operated on the Ethereum blockchain. It eventually launched a mainnet and uses a PoS consensus model.
In July 22, 2023, Binance Coin had a $37.3 billion market capitalization, with one BNB valued at around $242.55
The BNB price is presently at $592.5+/-/bnb (as at when this article was being compiled) and there is prospect for a shift either upward/downward, depending on market activities.
#I am also comfortable converting my crypto assets to the BNB token!
Future price?
Hmmm...🤔 for one of my favorites, it might get to the $700 mark if market is picking up, and slope down to about $350-$250 if there's a drop.
#3. $ETH: Virtual currencies, such as Ethereum, are helping to create decentralized financial (DeFi) systems.
On the market value scale of cryptos, the Eth token comes next only after BTC.
Some facts on ETH;
The Ether (ETH) is used to pay validators who stake their coins for their work for the blockchain, as a payment method off-chain, and as an investment by speculators.
On Sep. 15, 2022, Ethereum completed its long-anticipated transition to the proof-of-stake (PoS) validation method. Thereby making the blockchain more efficient and energy saving, too!
The ETH is presently at around $3,072.77+/- per Eth (as at when this article was being compiled) and there is prospect for a shift either upward/downward, depending on market activities.
#Future price?
I think ETH has the capacity to hit $4k in the green light, and about $2k+ in red!
#4. #RenzoCoin I think that there's prospect for this token .
Firstly , noteworthy is the fact that most coins hosted /launched via Binance usually stick around and get their place on the market scale system . And I think Renzo is one of such tokens.
Some facts on RENZO;
It's currently having a market price of around $0.1500+/- per Rez (as at when this article was being compiled) and there is prospect for a shift either upward/downward, depending on market activities.
#Future price?
Well, as a relatively new coin, Renzo can gradually increase to about $0.3-$0.5 in the bull run,then crash (gradually also 🤠) to about $0.06
#5. Sagacoin (SAGA) : Being the native utility token of the Saga protocol, In my opinion, may be one of the average tokens, though with some prospect owing to the fact that it's among the tokens (like Renzo) also launched via Binance platform which gives it some edge,it may still need time to settle with most #altcoins at the moment .
Some facts on the Sagacoin;
It can be traded on a centralized crypto exchange platforms
Binance was the first exchange to list Saga on April 9, 2024.
Saga was initially listed at the price of $0.04/Saga coin
Saga is presently at around $3.1247+/- per Saga (as at when this article was being compiled) and there is prospect for a shift either upward/downward, depending on market activities.
#Future price?
Saga can grow to about $5.5-$6+ in good conditions, but can drop to about $1.2-$1.1 in a bad run.
#6. #BounceBit : A high potential token , coming in through a first of its kind launching via the web3 platform of the Binance exchange .
I personally think the BounceBit brand is gonna take the crypto market by surprise - having gotten such a massive support from investors based on the level of stake holdings that are still ongoing .
This may just be one of the big guns around , when it gets listed . it's expected to be listed at 2024-05-13 10:00 (UTC)
Takeaway: BounceBit has the (potential) capacity to 'bounce' into one of the top categories of high value tokens in the future.
Conclusion:
The above listed tokens have vast uses and capabilities in the crypto world. It's important to do your due diligence when it comes to investing, trading, staking or in the application of your assets to any investment tools provided you both on the Binance exchange and wherever possible. As these tokens can be vulnerable to market harshness or profitable in favourable market conditions however the case may be.
Thank you friends for your audience and the Binance Square team, for such an opportunity to learn and share knowledge on cryptocurrency!
At this point, I need to shut my keyboard ⌨️!