BNB Under Fire, But Is the Criticism Justified?

[lifeisnoteazy]

Lately, there’s been a wave of criticism and negative sentiment directed toward BNB, but honestly, the war many are waging against it seems unnecessary.
Currently, $BNB is trading around $1,176, consolidating after a sharp drop from $1,347, which served as a key local top. Before this correction, BNB had rallied impressively from $1,084 to $1,347, marking a 31% surge, followed by another short-lived push before a 13% correction.

Lately, there’s been a wave of criticism and negative sentiment directed toward BNB, but honestly, the war many are waging against it seems unnecessary.
Currently, $BNB is trading around $1,176, consolidating after a sharp drop from $1,347, which served as a key local top. Before this correction, BNB had rallied impressively from $1,084 to $1,347, marking a 31% surge, followed by another short-lived push before a 13% correction. You can also do some prediction and win some Freebies on Bingx.

While debates and speculation will always exist, it’s clear that BNB remains one of the most stable and strategically positioned assets in the market, regardless of the noise

[Bitstar_coin]

Lol, who is still butt hurt about bnb progress? i say those people are only mad because despite everything they have tried, bnb keeps melting faces. This is yesterdays news. No fud can bring bnb down, it is way above their league. Find another coin to talk about @OP.

[passwordnow]

@OP, you've duplicated the first paragraph of your post, so you might want to delete the second one.

While debates and speculation will always exist, it’s clear that BNB remains one of the most stable and strategically positioned assets in the market, regardless of the noise

Owned by the biggest centralized exchange and that's why no wonder why it remains to be as big as they are. I'm holding a few of it and I might be biased with it. But trying to be neutral that all of these debates are nonsense, it's all about what they are holding and supporting. They're only wasting time with the debates that you're telling. If we're real holders, we'd just calm and see the speculations of others and if it lines with what we like, we support it quietly. Then, if it's not, we move on.

[Dunamisx]

Before we can be saying much about the performance of any coin, we have to check it recent time performance compared to the previous and weigh on them together and then be able to predict the market.

This is why we often take my j time on speculations, because something might be there fishy and until we make use of different approach to identify what to expect from the market and not that we go by the FUD on the internet by influencers, no one will track BNB and never see improvements of  recent.

[woez]

Lately, there’s been a wave of criticism and negative sentiment directed toward BNB, but honestly, the war many are waging against it seems unnecessary.
Currently, $BNB is trading around $1,176, consolidating after a sharp drop from $1,347, which served as a key local top. Before this correction, BNB had rallied impressively from $1,084 to $1,347, marking a 31% surge, followed by another short-lived push before a 13% correction. You can also do some prediction and win some Freebies on Bingx.

While debates and speculation will always exist, it’s clear that BNB remains one of the most stable and strategically positioned assets in the market, regardless of the noise

I think this is a common occurrence with BNB, and on the other hand, they have significant liquidity and know when to press the button. If they make any transactions, as we've seen recently circulating on social media during the recent correction, that's their management's doing.

Large institutions also did this, selling and buying again after or after Trump's tariff increase announcement. CPI data and the US-China trade deal added to the market uncertainty. It looks like Trump will officially impose a 155% tariff on November 1st, and it will be interesting to see the market's reaction.

[TastyChillySauce00]

Lately, there’s been a wave of criticism and negative sentiment directed toward BNB, but honestly, the war many are waging against it seems unnecessary.
Currently, $BNB is trading around $1,176, consolidating after a sharp drop from $1,347, which served as a key local top. Before this correction, BNB had rallied impressively from $1,084 to $1,347, marking a 31% surge, followed by another short-lived push before a 13% correction.

While debates and speculation will always exist, it’s clear that BNB remains one of the most stable and strategically positioned assets in the market, regardless of the noise

Negative sentiment from what? Did you mean Limitless CEO who published a speculation tweet about listing requirement on Binance? That's BS. That limitless CEO is just a tweeting BS to attract engagement.
In fact, BNB sentiment never went to negative. It has a bunch of utilities compared to the other coins in the market. You can get passive, airdrop, it's also regularly burned and have limited supply.

Don't you remember BNB was still trading around 500 bucks early quarters and this time, it's doubling or even more? All of criticism can't be justified. It's only an attack created by its competitor.

[MArsland]

While debates and speculation will always exist, it’s clear that BNB remains one of the most stable and strategically positioned assets in the market, regardless of the noise

I don't think BNB is a stable asset, you can even contact Binance support directly if necessary. Maybe you may not have experienced a bear market, making it difficult to distinguish between stable and volatile assets.
This noise will make more sense to you when a bear market breaks through a support level.

[X-ray]

While debates and speculation will always exist, it’s clear that BNB remains one of the most stable and strategically positioned assets in the market, regardless of the noise

I don't think BNB is a stable asset, you can even contact Binance support directly if necessary. Maybe you may not have experienced a bear market, making it difficult to distinguish between stable and volatile assets.
This noise will make more sense to you when a bear market breaks through a support level.

Even from 1h time frame it's clear that BNB is not a stable asset, but I think he meant it's relatively stable compared to other altcoin although it's pretty damn low bar to have since we are talking about altcoins.

Though I agree that it's most strategically positioned just because BNB seems to be responsible with BNB and keep pumping out utilities.

[TastyChillySauce00]

Criticism is definitely okay, i'm sure CZ himself also open to criticism.

The thing is CJ and his limitless project just got accused of selling $LMTS token right after TGE with significant numbers.
On the other hand CZ just got pardoned by the US president and the price of BNB recovered and his BNB kingdom is back with high valuation.

[OgNasty]

I don’t think the criticism is aimed at BNB as much as it is aimed at Binance for toying with the market in order to make money. Market makers are going to do what they do though, so you can’t be too mad. At least they’re being honorable with regards to BNB and not using their holdings to liquidate their holders.

[gunhell16]

I’ve always expected that to happen to BNB; we just don’t know if this is the start of the alt-season for it especially after the news today that CZ has reportedly been pardoned by Trump regarding the 2023 case filed against him.

And with CZ now free, that might be one of the reasons several altcoins in the market are flashing green today. Regardless, we still need to stay observant,
especially for those of us trading on a short-term horizon.

[Andrija Branislav]

Lately, there’s been a wave of criticism and negative sentiment directed toward BNB, but honestly, the war many are waging against it seems unnecessary.

There's too much drama on social media, especially Twitter, these days, and the discussion often strays into nowhere. CZ always attracts attention, both positive and negative, but even though he's no longer the CEO, BNB continues to shine and become one of the coins to watch out for in the future, after ETH.

[Merit.s]

It's a norm for people to criticize any coin that they like when they see some irregular price movement patterns. As for bnb, the coin is gaining more attention because it's own by one of the biggest exchange and it's transaction fee is very cheap when using it. I read somewhere that a China is creating their own token which will be using bnb smart chain network.

I wouldn't say anything about bnb because I don't know if the coin will continue pumping overtime. It's until the bear market arrives that I will know if bnb will bounce back again and create a new ATH. I was privileged to buy bnb when the price was around $250 in 2022,but because of the crash of Luna and FTX, I got discouraged.

[allthebitandbobs]

While debates and speculation will always exist, it’s clear that BNB remains one of the most stable and strategically positioned assets in the market, regardless of the noise

I don't think BNB is a stable asset, you can even contact Binance support directly if necessary. Maybe you may not have experienced a bear market, making it difficult to distinguish between stable and volatile assets.
This noise will make more sense to you when a bear market breaks through a support level.

Contact the support for what? To ask if it's truly volatile or not? Lol. There is no need but we can just take a look at the recent move of it. It is said to fell a lot, so that alone can make us aware that BNB is not a stable asset. The problem is not about a bear market but experiencing it can mean that we had some experiences already to be aware about the terminologies and their definition in regards to the crypto heavenly bodies.

@OP,
I don't know what are those criticisms that are being thrown at BNB but judging on the impact, maybe we can say it is justified. You still can ignore those noise though. What matters the most is still the long-term. I believe that BNB can surely bounce back and be more stronger later on.

[bogdanb]

There's too much drama on social media, especially Twitter, these days, and the discussion often strays into nowhere. CZ always attracts attention, both positive and negative, but even though he's no longer the CEO, BNB continues to shine and become one of the coins to watch out for in the future, after ETH.

This is not a new drama.

This kind of drama starts after a few days.

Many people earn a lot of profit through their drama.

[JeffBrad12]

BNB is not under fire by any means, it's fundamentally strong, so I don't really know what you're talking about. Volume still going strong, the chart isn't too bad, and it bounces fast alongside BTC in its recovery.
If anything, the recent CZ presidential pardon by POTUS is a clear bullish sign. The only valid criticism being thrown around is how BSC is pretty centralized other than that not so much.

[Akbarkoe]

BNB is an altcoin that has very strong fundamentals from any point of view, it is very difficult to bring down BNB, if you want to bring it down, don't attack it from an insignificant narrative or just speculation without real evidence in data, if you want to bring it down, you have to kill Binance and the Binance chain, Binance is the largest exchange platform in the world, it is easy for him to dictate to the community because of his influence, as well as the Binance chain ecosystem which has begun to expand to show its independence very tough, especially recently back to hype.

If Binance is broken then the whole will also be broken, but if it happens like FTX or Mt.Gox it is likely that the crypto market will also collapse much more severely than what happened before.

[Nwada001]

Why are you paying so much attention to BNB, and who are those who you consider to be attacking BNB progress? It's doing just like every other coin. I don't see why you consider it to be an attack by anyone or any group of people, or are you trying to point at the news spreading around in regard to CZ being pardoned by the US president?

[btc_angela]

Why are you paying so much attention to BNB, and who are those who you consider to be attacking BNB progress? It's doing just like every other coin. I don't see why you consider it to be an attack by anyone or any group of people, or are you trying to point at the news spreading around in regard to CZ being pardoned by the US president?

It's very hard to see what are the narratives behind attacking BNB. Maybe it's because they believed that it is being manipulated or it's that the Ethereum has lost to BNB in terms of the volume of trading and the price increase.

And now that CZ is out of jail, there could be a lot of backlash again for BNB and Binance itself.

But let's see if the accusations can stand out. We all know that there are a lot of FUD in the market and so as investors or crypto enthusiast, we should learn how to read between the lines.

[Lida93]

Lately, there’s been a wave of criticism and negative sentiment directed toward BNB, but honestly, the war many are waging against it seems unnecessary.
Currently, $BNB is trading around $1,176, consolidating after a sharp drop from $1,347, which served as a key local top. Before this correction, BNB had rallied impressively from $1,084 to $1,347, marking a 31% surge, followed by another short-lived push before a 13% correction.

Lately, there’s been a wave of criticism and negative sentiment directed toward BNB, but honestly, the war many are waging against it seems unnecessary.
Currently, $BNB is trading around $1,176, consolidating after a sharp drop from $1,347, which served as a key local top. Before this correction, BNB had rallied impressively from $1,084 to $1,347, marking a 31% surge, followed by another short-lived push before a 13% correction. You can also do some prediction and win some Freebies on Bingx.

While debates and speculation will always exist, it’s clear that BNB remains one of the most stable and strategically positioned assets in the market, regardless of the noise

Isn't this a copy and paste wall of texts? Because I can observe some remarkable exactly repeated lines which clearly support my observation. Perhaps I could be wrong anyway.

To your topic, is BnB doing anything quite unique from what all other top tier altcoins in the market have being doing in recent times? None that I can see here. Most of this altcoins price by now ought to have gone passed what they're having as ATH but some of us don't wanna have this discussion. Maybe this could have being what has led to some of the criticism and negative sentiments op is referring to.