Ever since the crypto craze died down back in December of 2017, it’s been a constant struggle for the industry to stay afloat.
With thousands of cryptocurrencies out there, digital coins are always phasing in and out. So, how can you possibly know which ones are worth buying into?
Like any other investment, technical analysis provides enough info to point us in the right direction.
That being said, here’s one up-and-coming crypto stock that looks great on paper and has already DOUBLED in price since the start of the new year.
When it comes to fast finance, Binance Coin (BNB) is the crypto investment you’re looking for.
The token itself is a spawn of the world’s largest Bitcoin exchange and is currently valued at $1.8 billion.
For a digital currency that’s only been up-and-running for a little over a year, it’s already eighth in the ranks and up $800,000,000 since the start of 2019!
Still, if that’s not enough to win you over, then maybe the chart will…
It doesn’t take an expert to realize that Binance Coin has been steadily increasing in price ever since it went public.
Within the past 3 months alone, BNB shares have gone up 135%!
On top of that, all of our indicators are now hinting towards an extended bull rally for this particular coin, which is definitely not the case for the rest of the market.
As Bitcoin and other major cryptocurrencies continue to lose billions in the midst of a long-running sell-off, Binance Coin is trending up.
Right now, BNB isn’t too far behind other competitors in terms of market capitalization.
If the currency can keep up the same performance we’ve seen thus far, then expect it to move up in the ranks sometime in the near future.
Shares have already shot up two-fold in the past month alone! So, who’s to say that kind of price movement can’t happen again and again and again…
If you’re looking to make some cash from crypto, you don’t have to wait around for a good entry point to open up from other big-name cryptocurrencies.
Feel free to get in Binance Coin before it takes off even more than it already has.
