BNB crash analysis on November 22, 2023:
CZ’s Binance faces the risk of high fines and his own imprisonment. Binance faces extremely high operating risks. However, as a world-renowned cryptocurrency exchange, the possibility of collapse of Binance is extremely slim. This is an exchange with 90 million users. The platform's size has exceeded the total population of many countries, and behind it is a huge interest group united by the encryption community. As far as the U.S. SEC is concerned, cryptocurrencies represented by Bitcoin will not disappear because of the collapse of Binance, and crackdowns on Binance will not shake the foundation of the cryptocurrency community.
CZ, who was in jail, has completed the change of CEO of Binance and was paroled in the form of bail. Binance will not die, BNB still has intrinsic value, and the OKX exchange platform currency OKB has reached a record high, so , it is only a matter of time before BNB rises sharply. I will continue to hold BNB firmly. In the future, BNB is likely to fall below the $200 level. Investors will be very painful, but how can we usher in spring without going through a cold winter?
