Binance Coin (BNB): A High-Risk Yet Interesting Asset

Binance Coin, the champion of the Binance ecosystem, is gaining momentum. The price has broken through the $580 limit and is now hanging out at $557. It's down more than 3%, making traders pinch their fingers.

In just one day, there was $1.02 million in BNB positions that had to be liquidated. The most hit was the long position, up to $1.01 million floated. The short position is 'only' $12,5 thousand that is cleared.

So, for those who like to play BNB, the situation is not good. BNB entered the list of altcoins with large liquidation. What does that mean? Yes, the risk is higher for traders.

Well, for those who still want to play in BNB, better think about it first. Don't bother gas pol. Remember, playing crypto is like playing with fire. You can make it hot, but if you are not careful you can burn. It is very important to always update the latest information and don't forget, diversification is the key. Diversifying your money in several coins can be a good alternative.

Clearly, the crypto market is still uncertain. So, before making a decision, consider it first. Whether you want to hold, buy, or sell, make sure you understand the risks. Remember, playing crypto is not just about getting money, but you also have to be prepared to lose. Stay safe and happy trading! 

THE POINT IS DO YOUR OWN RESEARCH BEFORE DECIDING TO BUY COINS!!