Binance Coin (BNB) Looks Very Bullish On All Timeframes – $27 Incoming?
It is no surprise that BNB looks very bullish. The cryptocurrency is attractive to investors because of the Launchpad feature by Binance.
Binance Launchpad allows investors to participate in token sales hosted within the Binance platform. Holders of BNB get exclusive access to projects before they are even listed on the Binance exchange.
With more tokens expected to hold their sales via the Launchpad, the value of BNB is likely to increase over time.
Better Performance Expected For BNB
here was a BNB long called for members last week now up 18%.
originally we had a target of 13% and 2.3R but removed that on the way up as i now think the bottom is in and bnb can much higher levels, possibly even 100%+ 🤷♀️
— 🍄🌲Benjamin Blunts🌲🍄 (@SmartContracter) October 28, 2019
Recently, Twitter user Benjamin Blunts had to reassess the target placed for the BNB token. The performance of the token in the short-term was so good that it surpassed the 13%, and 2.3R target was aimed at.
In the past month, BNB increased by approximately 25%. Its chart shows an upward trend that will likely not stop anytime soon.
Currently valued at just under $20, BNB may get to $30 at least before the year ends. This makes for an excellent short-term asset for those who plan to cash in on the current BNB price flow.
BNB Has Performed Great This Year
Buying BNB now seems like a no-brainer to those following the cryptocurrency. The expected long-term gains may even be more fulfilling than short-term benefits.
The market is responding positively to BNB; thus, things seem to be working for Binance.
With the positivity currently surrounding blockchain projects, BNB may be on the path to greater heights.
Featured Image Source: Altcoin Buzz
Sal Miah is the senior editor at Blockspectator News and is a regular contributor to a variety of cryptocurrency news websites and projects. He has written hundreds of articles on numerous topics related to blockchain and also has a special interest in financial markets. Contact him directly at email@example.com