$BNB

Why has BNB been so weak recently?

I believe many people have this question. A while ago, BNB broke through 700, while recently Bitcoin reached a new high of 80,000, and BNB has been hovering around 600, with its market cap surpassed by Sol, becoming fourth. What’s the reason for this? I think it’s mainly due to the following points:

1. Exchange token, does not meet ETF expectations

Currently, the only spot ETFs approved by the SEC are BTC and ETH, commonly known as Bitcoin and Ethereum. I have always referred to BNB as the third token because Binance has indeed empowered BNB well. However, since it is an exchange token, despite being strong, the probability of it being included in a spot ETF is 0. Therefore, people expect Sol to be the next token approved for an ETF, which makes SOL relatively strong.

2. Recently, there have been no new projects

When Binance launches new projects, BNB usually experiences a strong surge. However, there have been no new projects recently, so this surge factor is absent. Due to many coins being launched on Binance in this bull market, it has received criticism, and consequently, there have been fewer new projects recently.

3. Other favorable factors

The BSC chain has not introduced any innovations, and there aren’t any active projects on the chain, nor are there any active memes.

After BNB’s supply reduction to 100 million, how it will be empowered in the future is currently unspecified, and there has been no discussion.

In conclusion, I personally have a very positive outlook on BNB. Not buying BNB back then and opting for EOS was a significant investment mistake. I believe Binance will take responsibility for BNB, and BNB will continue to surge. I expect that in this bull market, the highest will reach 3000, and the lowest will be 1500.