Ever since Binance Coin began trading on the market, it's been going on a constant trend in price. It's quite impressive for a coin that's fairly new in the crypto/Blockchain space. Binance's strong marketing/promotion efforts led its own Blockchain network towards non-stop success. It's up to this date where BNB is the third-largest cryptocurrency by market cap after both Bitcoin and Ethereum. While BNB had its "glorious moments", it's still behind the ATH of $690 per coin. Just like any other cryptocurrency on the market, BNB is "haunted" by wild fluctuations in price. I'm wondering if BNB serves more as a serious long-term investment, or all the other way around. The total supply is 168 million coins, so I think BNB has a better chance of becoming a store of value than ETH itself.
What do you think? Is BNB a good long-term or short-term investment? Your input will be greatly appreciated. Thank you.
IMHO, I believe after the launch of the Binance Smart Chain, BSC Network, the future of Binance has already been written, as one of the fastest-growing platforms in the industry and because Ethereum has not solved its gas problem many users are migrated to BSC, that has resulted in huge demand of BSC base Decentralized exchange services, that paving the development of many DExes like PancakeSwap, BakerySwap, etc. and if Ethereum will not address its expensive gas fees, I'm sure many will leave Ethereum and going to Binance that's why I believe that holding BNB and other BSC base tokens has a good potential in short term or even long term.