A well-tracked crypto analyst and trader is embracing optimism towards the indigenous asset of a layer-1 blockchain.
Under the pseudonym Loma, this analyst shares insights with a sizable audience of 303,500 followers on the social media hub X, highlighting BNB, the native asset of the BNB Chain, as a standout performer from both technical and fundamental perspectives.
“In my estimation, [BNB] emerges as a lively dark horse among majors. Its structural integrity appears robust in both USD and BTC pairings. Despite experiencing negative funding, a trend often associated with hedging against spot holdings for fee reductions by significant whales, it remains unscathed by SEC (U.S. Securities and Exchange Commission) scrutiny in the short to medium term. I’m holding a portion of it in my portfolio.”
Nonetheless, the analyst acknowledges that BNB’s upside potential may pale in comparison to more speculative digital assets due to its substantial market capitalization.
“Yes, it boasts a larger market cap. Yes, it may not deliver the meteoric 10,000x surge akin to some memecoins. However, differing portfolio sizes warrant distinct asset selections and corresponding expectations.”
A counterpart in the pseudonymous crypto realm, Kaleo, shares a similar sentiment, foreseeing a breakout for BNB.
“BNB appears poised for a breakthrough from its current range.”
Reviewing the trader’s daily chart, Kaleo suggests that BNB is shaping a bullish triangle pattern, hinting at a potential rally towards the $1,000 mark by May.
As of the time of reporting, BNB is trading at $541.51, reflecting a slight decline of nearly 4% over the past 24 hours.
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Disclaimer: The opinions expressed on The Daily Hodl do not constitute investment advice. Investors are urged to conduct thorough research before engaging in any high-risk investments involving Bitcoin, cryptocurrency, or digital assets. It is important to understand that all transfers and trades are conducted at one’s own risk, and any resulting losses are the responsibility of the individual. The Daily Hodl neither endorses nor advises on the buying or selling of any cryptocurrencies or digital assets, nor does it provide investment advisory services. Please be aware that The Daily Hodl engages in affiliate marketing activities.
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