BNB (Binance Coin) Overview
• Ticker: BNB
• Created by: Binance exchange
• Use cases:
• Trading fee discounts on Binance
• Payment method on certain platforms
• DeFi, NFTs, and smart contracts (on BNB Smart Chain)
Trading BNB
• Popular platforms: Binance, Coinbase, Kraken, KuCoin, etc.
• Pairs: Usually traded against USDT, BTC, ETH, BUSD
• Volatility: Moderate to high — good for short-term trades if you’re experienced
• Strategies:
• Day trading: Take advantage of price swings
• Swing trading: Hold over a few days or weeks
• Technical analysis: Use RSI, MACD, support/resistance .Investing in BNB
• Long-term potential:
• Tied to Binance’s success and ecosystem growth
• Regular coin burns reduce supply over time (deflationary)
• Utility in BNB Chain-based DeFi apps