Ethereum is a shitcoin and BNB is a shitcoin.
I think if a coin is to become so overvalued as Ethereum once was, this could be BNB . A centralized shitcoin. It is the market’s opinion that matters and not the fundamentals, for a while at least and especially in Cryptocurrencies world until their bubble pops.
In preparation of the next bubble I am trying to guess what alt coins could potentially perform as the ones that over performed during the 2017 peak. This is a pretty hard task given that all coins are shitty with no real use. I think that the market will continue to overvalue altcoins as long as Bitcoin is volatile.
BNB could become one of the most overvalued coins. It is one of the few shitcoins that have actually a use as it is used as a medium of exchange in Binance.
Below is the historical chart of BNB. I like that the cycles are repeating consistently and gives me confident that this will also be the case in the future.
I think we are currently on the fourth cycle and I am expecting at least two more during the next two years something which could boost the price tremendously.
Binance as a company has often dialogue with the Cryptocurrency community and openly supports Bitcoin which is another reason that I also support them.
[Edit 30-06-19] not doing the below anymore i will just stay with 37 BNB in total
For this reason for the next two years I will be buying 1 BNB per month and if I see that the market continues as it has in the past I will be continue to average in until the next big bubble which I expect in 2024.
My prediction is that at the next Bull market if it happens in 2020 , BNB price will end up being around $200 per piece and during the 2024 Bull market around $2000. I already started and have 36 BNB which at the time of writing is around 0.13 BTC. I am expecting to have 50 BNB around 2020 and 100 around 2024. Let’s see how this plays out. I have a reminder to review this article at the end of 2019.