Is BNB is at it's peak price?

[AWMM24]

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?

[Gozie51]

BnB looks as it is going to grow more even in this year. It has different advantages from being the first line exchange that projects run after to be listed on, it has a very good comparative advantage over many choice altccoins like Ethereum. And , I read the CEO saying they are working to grow more , so it is no stopping for bnb but choice however is yourself.

[logfiles]

You should know your exit target or strategy or else you could even lose all the profits you have already made and end up selling at low prices just because you are waiting for BNB to reach $1,000, $2,000 or $10K.

In trading we are also told not to be so greedy. Greed leads to more risks and the losses. I am saying this because I have ever held a coin until its total value was about ($20K) 2 BTC at that time all the way from just $2K that I had invested and guess what happened? I got greedy, didn't exit in time and then the bear market happened. I ended up selling all the coins for just roughly $5K.

But if you are a holder will to risk and wait for 4 years plus, then go ahead and hold.

[nelson4lov]

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?

No one knows where the top for BNB or any other crypto would be so I would just say that you should apply due caution in whatever you choose to do (whether to sell or hold). But do keep in mind that Binance would be performing the 15th quarterly BNB burn and due to the current hype, that news alone will go a long way to drive the price further upward. I picked up a few when CZ initially made the announcement and I would continue holding till after the burn. One thing I do know is that Binance never lacks news. It's a one way street for BNB to $1K unless the red gods come by.

In summary:  - Here's what I'm doing
- Hold till coin burn event (use the time to be farming in launchpool)

You can also sell a portion of it and hold the rest if it makes you feel better.

[batang_bitcoin]

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?

How much you've bought those BNBs? I'll take the profit usually if I've got profit already even if it's 20%-50% gain, I'll take my money already. Don't you have a plan when you've bought it or you've just bought it while it's increasing and you've hoped that it shall increase after you've bought it? If the percentage of profit is satisfying you today and you're okay to sell and take the money, sell it but don't you regret and promise to yourself if it goes up after selling, you'll feel bad. But if after selling and it dumps, you'll be happier with what you did.

[Oilacris]

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?

How much you had bought those coins? If you do buy them at the current price then you would have no option but to hold those BNB but if you can deal with it actively on making active trades then
you can possibly still make profits in a short time without needing to wait but of course it will varying on how well you do trade in the market.

Asking out about peak price then no one can tell eventually because when it comes to price increase then this one all matters with the demand.

Peak price cant be precisely be known but presuming on whats the current state or the popularity of binance then we can actually tell that it can still go further.

[royalfestus]

Binance BNB is exploiting the challenge of the high transaction fee in ethereum to increase the adoption of binance blockchain both in existing projects and new ones, whereby also increasing the DEX with the blockchain as well. Lately more IEO is starting on the exchange demanding a certain amount of BNB holding on the exchange to allow investors participation in the offering on the exchange, hence high purchase and pump of BNB.

[Mpamaegbu]

Binance BNB is exploiting the challenge of the high transaction fee in ethereum to increase the adoption of binance blockchain both in existing projects and new ones, whereby also increasing the DEX with the blockchain as well.

This is so true and people investing in BNB should always remember that and not panic even if there's a momentary correction in price. In a few weeks to come I see BNB squaring up to ETH and even surpassing it both in price and market cap. To even think that BNB which is over $500 now was listed at less than $0.30 just four years ago is unbelievable.


Going forward, I think the great run of BNB is giving investors an idea that other exchange coins/tokens can also replicate that fit. There's nothing wrong in believing something when it's based on research and I think this is what those who want to invest in exchange coins should do. They should always DYOR, after all it's your money that it's being invested.

[goldade]

Why would you think BNB is at its peak price? And by that, I suppose you meant its price can't rise any further given the Gen its price action in the last four years.
Well, to answer you question, there really is no limit to how far or high, as the case may be, the price of a cryptocurrency can go. Bitcoin is a perfect example. Quite a lot of people must have capped $5k, $10k,$30k and even $50k as the peak in the price of bitcoin. I'm sure you are aware of what the price of bitcoin is now.
Someone mentioned earlier in the thread how that the CEO said they are working to grow even bigger.

[Questat]

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?

If you are already contented with your profit now, better to sell it. Because if you are a trader, you will never commit a long-term holding. Some will say that BNB will continue to grow, but we never know exactly. If I'm in your situation, I'll be taking the opportunity right now. We can't neglect the dumps to come, make it secured first before it happens besides, we can make a buy again if we would like to do it.

[nelson4lov]

Going forward, I think the great run of BNB is giving investors an idea that other exchange coins/tokens can also replicate that fit. There's nothing wrong in believing something when it's based on research and I think this is what those who want to invest in exchange coins should do. They should always DYOR, after all it's your money that it's being invested.

Exchange tokens weren't a thing until BNB came along in 2017. While BNB is leading the charge, other exchange tokens like KCS and FTX's FTT has been on a similar path like BNB. From BNB's phenomenal run to the all time high today, it only makes 1 thing more clearer - it's the fact that when there's a solid service or product built around a project, it tends to stand the test of time regardless of what's thrown at it.

Binance BNB is exploiting the challenge of the high transaction fee in ethereum to increase the adoption of binance blockchain both in existing projects and new ones, whereby also increasing the DEX with the blockchain as well. Lately more IEO is starting on the exchange demanding a certain amount of BNB holding on the exchange to allow investors participation in the offering on the exchange, hence high purchase and pump of BNB.

CZ is a mastermind. All these projects and services built around Binance and it's associate projects requires BNB for participation and people would buy.  Binance chain didn't work and he came up with smart Chain.

[Dhoe]

New higher price every day for BNB coin although we see bitcoin have little correction with lower price, maybe this year become dominance for BNB raise above $1,000 and need moment few weeks only. Maximum price for BNB based on my prediction maybe above $1,000 or close with ethereum price, many coin have been bsc network now and make BNB keep raise p every time.

[mk4]

Not sure about it being in the "peak", but it seems to be quite overbought in my opinion. In it's current stage, all it needs is a bit more than 3x and it's going to overtake ETH in terms of marketcap already.

I mean, take a look at it..



If I were to have short/mid/long term investments in this project, and though it could definitely still go a bit higher from here, I'd most definitely take a huge chunk of money off the table now.

[GreatArkansas]

I really not expecting BNB will pump hard like this. I once before a BNB holder, lol. Sold it when it was below $50. But it's okay.
It's difficult to identify Binance now, even when it broke before the $100, I thought it's already the peak but look at now, it's already broke $500.

Seems Binance is good for the long term as I read yesterday from CZ (Ceo of Binance) about a lot of acquisitions of Binance will happen this year. Especially we are still in bull run, more room for sure.

[zanezane]

I really not expecting BNB will pump hard like this. I once before a BNB holder, lol. Sold it when it was below $50. But it's okay.
It's difficult to identify Binance now, even when it broke before the $100, I thought it's already the peak but look at now, it's already broke $500.

Seems Binance is good for the long term as I read yesterday from CZ (Ceo of Binance) about a lot of acquisitions of Binance will happen this year. Especially we are still in bull run, more room for sure.

Considering what @GreatArkansas is saying, I think that BNB will still grow but the problem is we don't know when so my advice to OP is that you should probably go for it since there is already a proof that BNB can grow higher, nothing to lose when you invest in it since it is growing, it better to have a BNB than none at all.

[electronicash]

most of the cryptocurrencies today are actually at their peak, you can just look at the monthly chart to see for yourself that they are all hitting the level where you can say it's about to go down particularly BTC. we are just busy trading on the 4hour chart because it's where we can see a lot of trading movement still.

many of the long-term investors probably have sold their bags already and just waiting when all these will roll down. but because institutions are adding cryptocurrencies to their list, the market might just keep moving up until it becomes unsustainable.

[Eureka_07]

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?

IMO, as another burning of BNB is coming, I think it will pump even more. Not a financial advice but personally, I think that BNB has a lot more to grow. I would suggest if you guys will hold BNB, then try staking/putting them into launchpad so you will get other shares  for staking bnb. It's a good thing to have launchpad/staking opportunities for a coin that you are wanting to hold for long IMO.

[lienfaye]

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?

The decision depends on your capability and patience to wait longer.

I believe there's more to look forward with bnb and the price can increase further, however anything unexpected can also happen.

Hold if you can but dont be too greedy so take profit at times since we never know whats ahead.

[TheUltraElite]

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?

If you have a decent amount of BNB then it is time to divide your asset into smaller fractions, each being a half of the previous one. Like 50%, 25%, 12.5% - sell them accordingly in the increasing price trend. The safety of this method is that you are not selling away all the 100% of the asset, which keep you room for bigger profits in case the price keeps on increasing. If the price falls you still have a significant amount of your asset in holding and a profit to reap from.

This can be applied to any asset in general and I personally like this approach in many cases. Also BNB has been on the rise for some time and this is defenitely a good time sell some if you have no already. Future events may happen but the bearish movement is always a possibility in which case you would regret not having sold at least some, that is speaking of the worst case scenario.

[Bttzed03]

When it hit $300+ back in February, many people said it's the peak. Well, they're obviously wrong now. Before talking about peak, look at where we are now in this bullmarket cycle. I think it's still too early to say that any coin/token has peaked. For BNB, you still have the quarterly burn and who knows what CZ will announce next. The price will probably breach $600 and drop back to $400+. It will have another consolidation period there before another leg up.