Is BNB is at it's peak price?

[Yamifoud]

Who knows? But as far as i know many BNB locked in Binance for Trading discount and staking program.
Its mean that the supply in the market is not really huge while the demand keep increase, but who knows if suddenly many people unlock their BNB and rush the market to sold them.

That way if people open their BNB, of course the price will also increase,
because we know that supply in the market is limited and demand is also high,
despite all that I'm just trying to analyze let's see what happens next

Scarcity helps the price of BNB to grow but I never it was the reason for the pump because BNB is still too far from that situation. It only just the need of the people growing, the volume of traders and investors continue to increase faster making the price moves as well.
But wait, we are still in the altcoin season, we could simply expect this scenario to the majority of altcoins. To ask if we are already reaching its PEAK, that probably we are but can't disclose a chance to move even higher if the bullish continue.

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[suzanne5223]

Who knows? But as far as i know many BNB locked in Binance for Trading discount and staking program.
Its mean that the supply in the market is not really huge while the demand keep increase, but who knows if suddenly many people unlock their BNB and rush the market to sold them.

That way if people open their BNB, of course the price will also increase,
because we know that supply in the market is limited and demand is also high,
despite all that I'm just trying to analyze let's see what happens next

Scarcity helps the price of BNB to grow but I never it was the reason for the pump because BNB is still too far from that situation.

When you said scarcity of the BNB, I believe you're referring to the token burning done by Binance to reduce the supply of BNB but I don't know if you notice that token have not really help in the surge in price of every project that done it. Take TRX for example and what I believe that help the BNB price is the free coins airdrop CZ integrated for BNB holder.

[brooksby]

Wanna know that should i hold my investment or do day by day trading. And now its at 500$/BNB. Convert them or keep them and wait for pump?

You must keep them for a long term.  BNB had gone through that pump and dump stage.  With the creation of BSC, it offers innovation on the market.  With its cheap transaction fee, and many projects shifting and created in BSC network, I think you got yourself a gem simply by holding BNB.  It is very promising at this point so rather than waiting for the pump, it is best to wait for the BNB market to establish its price as time goes by.  

When did that pump and dump stage that you mention here happen? BNB wasn't really a pump and dump in the classical sense that we all know it. BNB is based on long-term and ambitious development. Quite the opposite of a pump and dump.

Agree to that, BNB is more on developing and with the ambitious mindset of the developing team behind this coin the movement is
according to how the success from each stages.

Long term valuable asset not just because the value is really huge now but the very chance  that it will proceed for more rise and
profitable to all supporters that will hold this asset.

Right now I would not say that it is at its peak price. They can still grow and even expand their own portfolio of services and as far as I know they are doing exactly that. Create synergies between all the products they are building and grow their user base.

[LUCKMCFLY]

Due to the BTC FUD, the market in general was falling, but BNB has remained there resisting the small storm, in this case BTC is recovering, and it is normal that BNB begins its recovery in view of a new price level, at 700usd, maybe a new ATH will be generated if BTC goes into a bullish trend, however this analyst thinks the following:

Bulls are trying to come back to the area around $640. If they can do it, the new peak at $700 should be attained soon.

Source: https://u.today/btc-eth-xrp-ada-and-bnb-price-analysis-for-may-14

The good thing about BNB is that it is under the control of a centralized exchange that has a very good reputation, although it now has a following in the US, I think this can be an incentive for it to continue growing.

[brooksby]

Due to the BTC FUD, the market in general was falling, but BNB has remained there resisting the small storm, in this case BTC is recovering, and it is normal that BNB begins its recovery in view of a new price level, at 700usd, maybe a new ATH will be generated if BTC goes into a bullish trend, however this analyst thinks the following:

Bulls are trying to come back to the area around $640. If they can do it, the new peak at $700 should be attained soon.

Source: https://u.today/btc-eth-xrp-ada-and-bnb-price-analysis-for-may-14

The good thing about BNB is that it is under the control of a centralized exchange that has a very good reputation, although it now has a following in the US, I think this can be an incentive for it to continue growing.

You seem to be taking care of us with all your analyses and comments on it!

Concerning BNB I do think the same way as you do. The centralized business backing it and being the biggest exchange is strong point for BNB. What I don't know is whether the current value is still in line with their actual bottom line. Do they publish numbers?

[gamer4156]

I got a not many when CZ at first made the declaration and I would keep holding till after the consume. One thing I do know is that Binance never needs news. On the off chance that the level of benefit is fulfilling you today and you are OK to sell and take the cash, sell it however don't you lament and guarantee to yourself in the event that it goes up in the wake of selling, you will feel awful.

[ingiltere]

I don't think BNB story is over yet. Yes it's peaked and fell down but remember, whole market crashed after some manipulative words. It was just a reminder to everybody that this market is not big enough, even individuals can crash market. We like volatility but we don't like pure manipulation. Crypto currency community should have zero tolerance against this behavior. I believe BNB will go up again when the dust settles. This might be a good time to buy some more BNB.

[Smitty Werben Man Jensen]

I don't think BNB story is over yet. Yes it's peaked and fell down but remember, whole market crashed after some manipulative words. It was just a reminder to everybody that this market is not big enough, even individuals can crash market. We like volatility but we don't like pure manipulation. Crypto currency community should have zero tolerance against this behavior. I believe BNB will go up again when the dust settles. This might be a good time to buy some more BNB.

It is very unfortunate indeed with things that are manipulative,
indeed things like that can't be tolerated but also we can't avoid it,
I also believe in that and we need to be patient first to wait for BNB to rise again

[nowfall03]

It enjoys various benefits from being the primary line trade that tasks pursue to be recorded on, it has a generally excellent near advantage over numerous decision altcoins like Ethereum. Most extreme cost for BNB dependent on my forecast close with Ethereum cost, many coin have been bsc network now and make BNB keep raise p without fail. I for one like this methodology as a rule. Additionally BNB has been on the ascent for quite a while and this is unquestionably a happy time sell a few in the event that you have no as of now.

[Papsie]

BNB market price is on dump right now that is something we should take an advantage. BNB is really a potential coin, it is just happen that the market right now is on consolidation that is why we should take that dip and TP when the market slowly taking progress and recovers.

[feelideb]

Bnb is very pricy at this time, I expect lots of correction this year! Pancake actually brought lots of value to bnb and the fact that bnb always burn it's supply help in adding value to it's price. Many dev actually do not trust binance network since all the nodes on it is alledgedly own by CZ! When bitcoin correct heavily, bnb will really fall in value!

[kotajikikox]

Bnb is very pricy at this time, I expect lots of correction this year! Pancake actually brought lots of value to bnb and the fact that bnb always burn it's supply help in adding value to it's price. Many dev actually do not trust binance network since all the nodes on it is alledgedly own by CZ! When bitcoin correct heavily, bnb will really fall in value!

well the correction is happening if you did not noticed since days ago.

for the first time price of Bitcoin fell down again in 30,000$ level, way far low from the previous prices.

so basically this will be the correction that you are waiting if you really wanted to invest in binance .

but if you are just flooding here then forget everything that i said lol.

[LUCKMCFLY]

I consider BNB one of the best cryptocurrencies, in this case the price of BTC has fallen a lot, the causes can be diverse, but I think that this time the FUD has been able to do more, however BNB that was on the way to being one of the most winners this time it has suffered, falling by 30%:

Binance Coin (BNB) is not an exception to the rule as it has also bounced off its support zone at $260. At the moment, BNB might keep growing as it is already oversold on the daily time frame. A rise to $480 may happen shortly.

Source: https://u.today/btc-eth-xrp-ada-and-bnb-price-analysis-for-may-19

It is an ideal time for those who have BNB to be cautious and not sell everything, since most of the altcoins have suffered, it is normal, the market can recover at any time.

[Pitstry]

I think in the next few years we should expect BNB to lineup below ETH or BTC. It can be
#1 BTC
#2 ETH
#3 BNB

or
#1 ETH
#2 BTC
#3 BNB

[ChaoChibai]

Well, the peak price is over, so this is the right time to invest more on binance coin, because the price dropped half of its peak price. If we invest now we can get more profit when bull run happening especially for binance.

[LUCKMCFLY]

BNB is having a clear and sustained recovery, but I think that the BNB bulls are doing everything with more restraint, since they know that if BTC falls again BNB will fall again to stronger levels or difficult to recover, the technical fundamentals for now I support in what this trader thinks:

If we look at the BNBUSDT chart today, you can see that buyers managed to close the bodies of two 12h candlesticks within the channel, and the lower shadows indicate liquidations.
This arrangement makes it possible to assume that the price BNBUSDT will bounce up to $480 in the near future, and then it will be necessary to closely monitor the behavior of the price and the general situation on the market.

After all, further, the price behavior around the $400 level will again be decisive.
If sellers are able to keep this level, then the way will open for growth again to $680

Source: https://www.tradingview.com/chart/BNBUSDT/S2960CBO-BNB-12h-Action-Plan-for-the-coming-weeks/

If all goes well for BTC, BNB will have its rise to 680USD, it would be great because it would be consolidating itself as one of the best and most winning coins on the market.

[LUCKMCFLY]

Due to the BTC FUD, the market in general was falling, but BNB has remained there resisting the small storm, in this case BTC is recovering, and it is normal that BNB begins its recovery in view of a new price level, at 700usd, maybe a new ATH will be generated if BTC goes into a bullish trend, however this analyst thinks the following:

Bulls are trying to come back to the area around $640. If they can do it, the new peak at $700 should be attained soon.

Source: https://u.today/btc-eth-xrp-ada-and-bnb-price-analysis-for-may-14

The good thing about BNB is that it is under the control of a centralized exchange that has a very good reputation, although it now has a following in the US, I think this can be an incentive for it to continue growing.

You seem to be taking care of us with all your analyses and comments on it!

Concerning BNB I do think the same way as you do. The centralized business backing it and being the biggest exchange is strong point for BNB. What I don't know is whether the current value is still in line with their actual bottom line. Do they publish numbers?

So far I have not seen the numbers, but what you have to be careful for now is extreme care, you have to take into account two things:

1.- BTC is moving towards a recovery, it has risen by + 9.5%.
2.- Normally when BTC starts to rise the alts stagnate a bit, they can go down, you just have to wait.
3.- If the uptrend of BTC is confirmed, it is very likely that the price of BNB will start to grow.

For now many buy in the fall, because they know that it will rise, what is difficult to predict is how long its recovery will take place.

[ecnalubma]

I believe that BNB is likely to $1k this year no doubt. Binance smartchain’s growing demand and the exchange influence are the key factors that is pushing toward its growth. Binance is one of the fastest growing company in the space with strong support from their community and with its competent team nothing is impossible.

[Mahdirakib]

<snip>

Well, BNB got the popularity for the binance trading platform and for the DeFi projects which launched on binance smart chain network. Two weeks ago BNB price reached nearly $700 but the recent market crash put it down. Perhaps, BNB would reach $1k within this month or next month if there wasn't any bad news related to crypto market. BNB wasn't at it's peak price while it was around $500. And I also believe that the recent ATH wasn't the peak point as well. BNB price will reach at more higher mark within this year.

[kevinzxz]

Wanna know that should i hold my investment or do day by day trading. And now its at 500$/BNB. Convert them or keep them and wait for pump?

hold !! This is a natural thing if the price of BNB is down (correction), because not only BNB, but the market is correcting, so of course all cryptocurrency prices are down, therefore my advice is never to panic sell when the price is down, because I am sure that in the near future the market will definitely start to increase again, so the price of BNB will also increase and of course you will definitely get your profit back or even bigger than before.