$BNB – A Power Token of Binance that is coming back again
As Binance keeps on extending its ecosystem — from Launchpad and Launchpool to BNB Chain DeFi expansion — BNB is still one of the most pivotal tokens in crypto. Recently, Binance announced that Nano Labs is intending to buy $1 billion worth of BNB, which could make the circulating supply extremely limited and consequently increase the price.
Moreover, BNB’s functions — governance, staking, transaction fees, and utility across Binance’s platform — are the features which make it a core holding for many users. If demand continues to grow while supply is being locked via staking, we could witness a surge of positive sentiment again.
Entry strategy: buy when the price falls, use DCA (dollar cost averaging).
Watch levels: in case BNB breaks resistance and stays there, next targets can be checked again.
Tip: Always have stop losses, and do not put too much of your portfolio at risk with one coin — even “core” ones like BNB.