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Why Binance Coin (BNB) Has Outperformed Ethereum and Bitcoin in This Bear Market
Let’s explore under the surface why this much-maligned token is outperforming the crypto darling Ethereum in this bear market.
I once worked with a girl who enjoyed getting hooks put into her back and hanging by them. For my life, I couldn’t understand why anyone would want to hang with metal tugging at their skin. Is it the attention? Is it the pain? I Googled it; apparently, it provides an adrenaline rush and a spiritual experience. For some, it’s like meditation; others treat it as a right of passage, proof they can handle anything.
People have been suspending themselves by hooks for over 5,000 years. Unfortunately, this still makes no sense to me. Then again, plenty of things make no sense to me. For example, today, the US CPI report came to at 40-year-high. Markets immediately plunged and, within hours, traded in the green. Maybe investors like the idea of hanging by the Fed’s hooks?
Another thing that makes little sense is why the BNB token doesn’t get more credit and respect in the crypto space. Binance Coin (BNB) doesn’t get nearly as much respect in the crypto space as Ethereum does. Perhaps, This is because it’s tied to a centralized exchange, Binance. The…
