Phenomenon of BNB (Fundamental analysis BNB/USD)

[Crasengover]

As a BNB holder I'm very grateful to CZ for all that he does to extend the use case for BNB. According to my own calculations BNB is my best investment since 2017. I don't know if any other coin can give so much privileges and advantages for its holders. And of course the main attractiveness of BNB it a huge passive income from IEOs, farming, votings and other activities. And I'm sure that BNB is still far from it's ATH and has a good potential to grow.

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[Tytanowy Janusz]

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.

[Katrin_Veron]

As a BNB holder I'm very grateful to CZ for all that he does to extend the use case for BNB. According to my own calculations BNB is my best investment since 2017. I don't know if any other coin can give so much privileges and advantages for its holders. And of course the main attractiveness of BNB it a huge passive income from IEOs, farming, votings and other activities. And I'm sure that BNB is still far from it's ATH and has a good potential to grow.

I can also be called a BNBholder. I have as many as 5 coins  . It is a pity that not 5,000 bnb . These coins did indeed perform very well. I could get a little richer. In 2017, few people foresaw that cryptocurrency exchange would become so powerful and massive. Do you think it's too late to add a little BNB to portfolio now? Is it possible to cost this coin in the future, 500$ or even 1000$?

[barabeku]

As long as the Binance exchange exists, BNB will also exist. Both the exchange and the coin have taken strong positions in the market. BNB may still show good returns in the future. Investing in a coin is definitely worth it, it will undoubtedly grow with such powerful support.

[Tytanowy Janusz]

I can also be called a BNBholder. I have as many as 5 coins  . It is a pity that not 5,000 bnb . These coins did indeed perform very well. I could get a little richer. In 2017, few people foresaw that cryptocurrency exchange would become so powerful and massive. Do you think it's too late to add a little BNB to portfolio now? Is it possible to cost this coin in the future, 500$ or even 1000$?

Deflationary coin with massive ROI from launchpads, lauchpools. Company that generates ~~~$1.7B in profit annually with only $19B marketcap. 350-500$ as ATH of current market cycle is possible. 1000$ is unlikely. Maybe as short term quick push and dump.

[tvplus006]

As long as the Binance exchange exists, BNB will also exist. Both the exchange and the coin have taken strong positions in the market. BNB may still show good returns in the future. Investing in a coin is definitely worth it, it will undoubtedly grow with such powerful support.

The time has passed when BNB was regarded only as an exchange coin that allows you to get discounts on commission. In addition to the commission, BNB has a large number of applications for generating passive income, such as Launchpad and Launchpool. And today, BNB is a coin of the Binance Smart Chain blockchain, which undoubtedly increases its usefulness for the crypto community.

[Tytanowy Janusz]

I create OP when price was at 16$. [...] Its 70$ right now [..]
[...]
Is it good time to sell? Hell no. [..] I would not be surprised if BNB will pump 5x from now.

Didn't expect it to be so damn fast. Its 270$ now.

Binance burned 347 mln $ in whole 2020. Calculated profit = $1.7 B

Current marketcap = $10.8 B

P/E = 6.3

Current marketcap = $40 B

P/e = 23

Average P/E for nasdaq is 34.81 now.

It can still go x1.5 form now to lose "undervalued status". And another 2x to get "overvalued status". So even 3x from now is possible. And I guess that 2021 profit will double 2020 profit considering how big volumes are these days.

[Tytanowy Janusz]

Dumped to 220$.

Good price to jump back on the horse if someone dumped at the top of rally. The growth potential is still huge.

"Coinbase, Readying for Public Listing, Gets $77B Valuation From Nasdaq Private Market"
https://www.nasdaq.com/articles/coinbase-readying-for-public-listing-gets-%2477b-valuation-from-nasdaq-private-market-2021

77B$ for coinbase. Binance has 20 times bigger volume, chain that doubled ETH in terms of TXs, chain that bring projects like 1inch (1inch is now awaible on BSC). Binance would be evaluated at 500B-1T while listing on NASDAQ. BNB is now worth $35B. I know that BNB is not binance shares but who knows ... it can change some day.

[Tytanowy Janusz]

Binance was increasing the temperature for 2 days, making an announcements of announcement, and finally informing about the hiring senator Max Baucus as advisor in terms of regulations:

"Sen. Max Baucus
🔶Senator of Montana for 36 years
🔶11th U.S. Ambassador to China
🔶Advisor to Alibaba
🔶And much more"
https://twitter.com/cz_binance/status/1370236172031586306

What's your thoughts about this?

[Tytanowy Janusz]

We are getting closer and closer to 16th token burn. Last time we've burned 1 milion coins worth close to 600 mln $. What your bet regarding this burn? I'm not super excited about this one. My bet is around 400 mln $ since volumes during this quarter were much weaker despite the 10-20.05 massive dump from 60k to 30k. Rest of they quarter was just 30-40k consolidation and whole market was going sideways with decreasing volume.

Taking that into consideration I assume that this burn will have little to 0 impact on price. We may pump few % few days before and dump few % few days after. Much bigger impact on bnb price will have BTC breakout (down to 25k or up to 45k)

Speaking of BNB ... as this is topic that is made to talk about it fundamentals... I must admit that BNB is not as good investment as it was before. We haven't see decent lauchpad/ lauchpool. APY from this activities changed from 100% to 2%. The only place where it is worth holding BNB is staking with 10-30% APY.

I'm sure that P/E ratio is still decent but impossible to calculate because of "accelerated burn" that was introduced during 14th burn.