Binance is the fastest growing crypto-exchange with currently over 7 million users. It is the nr. 2 exchange messured by 24 hr. trading volume.
Binance uses it's own coin to give users some nice perks:
- The BNB coing ives you a 50% (first year) discount on allready cheap fees, the discount is halved every year and stops after 4 years
- Top BNB coin holders are sometimes eligible for free airdrops
- There is a quarterly burn of the coin, making it more scarce
These perks combined with the enormous growth of Binance make it a very sought after coin!
In the graph we see a second falling wedge forming, the first falling wedge led to a big bull-run. Currently the second falling wedge is close to the apex, also Bullish divergence has been painted in the RSI, signalling bears are getting tired. Time to challenge the ATH and to get ready for another moonshot!