BNB just exploded. I create OP when price was at 16$. Its 70$ right now. This is my best ALT bag. The longest ALT hold. Is it good time to sell? Lets see how fundamentals changed:
So we are saying about $ 515 million of pure profit.
This gives us P/E ($ 2.4 billion/$ 515 milion = 4,66)
Binance burned 347 mln $ in whole 2020. Binance burn 20% of profit, so calculated profit = $1.7 B
Current marketcap = $10.8 B
P/E = 6.3
Looks like P/E pumped only 35% while price pumped +337%. Is it good time to sell? Hell no. Average P/E for nasdaq is 34.81 now. I would not be surprised if BNB will pump 5x from now. And ... based on volumes, beginning of alt season, doge/xrp pumps and dumps events, bitcoin hitting 40k$ I estimate that Q1 2021 will be better than Q3 and Q4 2020 all together.
The only threat to binance is regulation. We don't know what and when governments will come up.
Binance. Company that tripple annual profit in a matter of 1 year.