Why is BNB Going to the Moon? | BNB Price Analysis

The entire crypto market has been on a rally of a lifetime lately - well, most of the cryptocurrencies that matter, at least. BNB is no stranger to this rally.. in fact, it is one of the largest participants.

Binance Coin started as a super centralized "utility" coin for the Binance exchange. Since then, Binance has continually expanded its scope and reach to try and address a wider market and bring in revenue and utility for the Binance coin.

Through continual burns and use case, this coin has steadily risen over time. We see a similar approach with our very own LeoFinance's LEO and WLEO coin.

Now, Binance Smart Chain has been developed and the use case of that is extremely high. The value is being reflected in BNB's price action and we're seeing it literally lift off into outer space.

Going from $40 to $305 in a matter of weeks, BNB is the latest in a series of insane rallies off the back of DeFi and this new industry that has emerged within crypto.

It's pretty clear that BNB is here to stay and DeFi on the Binance Smart Chain - BSC - is going to continually expand.

Another Leofinance user wrote about the top DeFi apps on the Binance chain. Dive into the data here.

In my opinion, we will see BNB cross $500 soon and it will continue to rise as it takes some market share from Ethereum.

Posted Using LeoFinance ^Beta