As we can see now right know a slight upwards movement in btc and over al market btc yesterday drop to 91500 and again raised to 95k again after that btc drop to 91700 after few hours and the whole morning here in Pakistan time upto evening btc was in consolidation and after evening market got move studdly towards 96250 almost this was the movement what I discussed.
Now let's come what is going on trap and tactics are used against retail investors here, because small investors are in confusion they want to invest in market but market is volatile due to sudden dumps and pumps from the previous some days .
I have in mind two different kind of analysis in my mind.
1:: one analysis which is strong the dropping of btc to 88k or 87k and from that very area market could pump and the alt coin can go parabolicly after btc coming to 88k area in my analysis
2:: the second is my fresh update related analysis is that btc might go towards 98k after new year start and the alt can be be pushed hugely instead of btc the alt can explored hugely we should wait for the happy new years. Here is a chance in alt coin to open a long trade in alt coin with using a perfect stop loss,
Am not you financial advisor I just share my thoughts with my followers further everyome should trade with your own due diligence.
#followme $ETH

*Binance Coin (BNB): The Rise of a Cryptocurrency Powerhouse*

Introduction

In the vast and rapidly evolving world of cryptocurrencies, Binance Coin (BNB) has emerged as a force to be reckoned with. Created by the popular cryptocurrency exchange Binance, BNB has grown from a utility token to a full-fledged cryptocurrency with a market capitalization of over $40 billion. In this article, we'll delve into the history, features, and potential of BNB.

*History of BNB*

Binance Coin was launched in August 2017 as an ERC-20 token on the Ethereum blockchain. Initially, its primary purpose was to fuel transactions on the Binance exchange, offering discounted trading fees to users who held BNB. However, as the cryptocurrency landscape evolved, BNB's utility expanded beyond its initial use case.

*Key Features of BNB*

1. *Discounted Trading Fees*: Holding BNB grants users up to 50% discounts on trading fees on the Binance exchange.
2. *Payment Options*: BNB can be used for payment on various platforms, including travel booking sites, online stores, and even credit card payments.
3. *Staking*: BNB holders can participate in staking, earning rewards and contributing to the network's security.
4. *Binance Smart Chain (BSC)*: BNB is the native cryptocurrency of BSC, a fast and low-cost blockchain platform for DeFi applications.
5. *Cross-Chain Compatibility*: BNB enables seamless interactions between different blockchain networks.

*Use Cases for BNB*

1. *Trading*: BNB's primary use case remains discounted trading fees on Binance.
2. *DeFi Applications*: BNB's integration with BSC enables lending, borrowing, and yield farming.
3. *Payment Processing*: Merchants can accept BNB as payment, leveraging its growing adoption.
4. *Gaming*: BNB is used in various blockchain-based gaming platforms.

*Future Prospects*

1. *Increased Adoption*: Growing recognition and acceptance of BNB as a payment method.
2. *DeFi Growth*: BSC's expansion and innovation in decentralized finance.
3. *Regulatory Clarity*: Clearer regulations could boost institutional investment.
4. *Technical Advancements*: Improvements to BSC and BNB's infrastructure.

*Conclusion*

Binance Coin has evolved from a utility token to a robust cryptocurrency with diverse use cases. Its strong ecosystem, growing adoption, and innovative applications position BNB for continued success. As the cryptocurrency landscape continues to shift, BNB's resilience and adaptability make it an exciting player to watch.

*Statistics*

- Market Capitalization: $40+ billion
- Trading Volume (24h): $1+ billion
- Circulating Supply: 165 million
- All-Time High: $643.56

*$BNB
#bnb #trending #followme