Is BNB a good long-term or short-term investment?

[masterrex]

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.

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[konflikkastil]

BNB has proven itself to be a good coin worthy to be invested on. I could remember less than a year ago, BNB was trading on Binance less than $50. Infact, it was $29 at that time. Now let's make small analysis here, imagine if someone bought 1000 BNB @$29 that will be a total of $29,000. And the person has decided to sell at the current price it's trading now which is $400. Let's continue with the analysis, $400*1000= $400,000. And remove $29,000 from $400,000. We are talking of $271,000 in less than a year. Which coin would have given so much profit within such time. BNB is a very profitable investment. Both short and long.

[Marvell1]

Currently, BNB is the most valuable, famous, and powerful exchange coin. BNB's strong growth in the past few years despite the market's decline has proved CZ's potential and wise strategy. In my opinion, in terms of investment priority BNB can be on par with Ether. BNB is suitable as a good long-term investment.

[Rigon]

I would say if you hold the BNB then you must hold for a long time.We know the future of BNB is much better. I have ald for my BNB Long Time.I have my BNB 44 I bought and held it in dollars. At one time its price increased a lot. I sold it and bought it again when the price went down.So I would say if you buy and hold BNB, you will hold for a long time.

[LogitechMouse]

What do you think? Is BNB a good long-term or short-term investment? Your input will be greatly appreciated. Thank you.

One of the best if not the best crypto exchanges right now.
Offering different features on their platform that includes fiat payments, staking and many more.
Top 3 or top 4 right now on CMC base on market cap.

With Binance's success, I believe that this will be a good for a long term investment. Exchange coins are still good to hold if you will ask me especially these coins that have a huge reputation in crypto exchange industry. I also believe that more feature will be added on their platform thus, more users will come and use it.

[cdog]

Currently, BNB is the most valuable, famous, and powerful exchange coin. BNB's strong growth in the past few years despite the market's decline has proved CZ's potential and wise strategy. In my opinion, in terms of investment priority BNB can be on par with Ether. BNB is suitable as a good long-term investment.

I have the same analysis to prioritize BNB investments in the portfolio, I believe BNB to be another new "ETH" because the growth of ETH is very synonymous with the growth of ETH in the beginning, I may miss the ETH moment because the price is low but I will seize the moment on the BNB coin.

[DibiaVxosis]

For sure bnb is such a good coin for long term, it got a strong project which is among the top largest crypto exchange (Binance), as an exchange coin it is, binance is applying every good mechanism there could use in keeping it's token on the rise, the Binance exchange made so many features in it's exchange which supports the utility of the binance token, but so bad Binance is faced with so many issues from the government and I hope they got resolved soon.

[Mahdirakib]

With Binance's success, I believe that this will be a good for a long term investment. Exchange coins are still good to hold if you will ask me especially these coins that have a huge reputation in crypto exchange industry. I also believe that more feature will be added on their platform thus, more users will come and use it.

BNB has lot's of use cases. Binance exchange platform is the main reason for the success of BNB. But some other utility usages helped it to gain more popularity. I think the most important one is BNB smart chain network. The higher Staking rate of BNB is attractive too. They also burns BNB from their supply. Their smart chain network is widely used by most of the new project team. These reasons are enough for a coin to get good support from investors. As a result BNB is worth for long term investment.