BNB the best investment in crypto market?
Updated
"In a gold rush, invest in shovels"
As BTC is back to depressed levels of April, it brings all other coins down with it. All? No! A small coin is resisting...
This is a comparison of BNB-USDT (bright colors) with BTC-USD (faint colors) charts.
It seems like traders have been reverting back to BNB as a safe asset, as BTC was weakening. This should bode well as it does show that traders are very well present. I would suppose BNB will drop when BTC is back in strength. It's interesting to note how delayed BNB ATH was in regards to BTC.
The same can't be said for KCS (Kucoin shares - same principle as BNB but on Kucoin exchange)... so i think this really depends on the size of the exchange, and is purely driven by number of traders. I suppose there must be enough people wanting to trade, hence hold BNB for lower fees, and maybe still want to speculate to resort to this rather than USDT.
As BTC is back to depressed levels of April, it brings all other coins down with it. All? No! A small coin is resisting...
This is a comparison of BNB-USDT (bright colors) with BTC-USD (faint colors) charts.
It seems like traders have been reverting back to BNB as a safe asset, as BTC was weakening. This should bode well as it does show that traders are very well present. I would suppose BNB will drop when BTC is back in strength. It's interesting to note how delayed BNB ATH was in regards to BTC.
The same can't be said for KCS (Kucoin shares - same principle as BNB but on Kucoin exchange)... so i think this really depends on the size of the exchange, and is purely driven by number of traders. I suppose there must be enough people wanting to trade, hence hold BNB for lower fees, and maybe still want to speculate to resort to this rather than USDT.
Comment
At the same time, we are on all time highs in BNB-BTC !
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